Lloyd’s/London
London market at odds with Mayor Boris over EU vote
Key bodies in the London market have sought to emphasise that ‘Brexit' from the European Union could see the capital lose international business, in the wake of London Mayor and Conservative MP Boris Johnson's decision to support the ‘leave' camp in the…
#PostPeople: 23 - 29 February 2016
All the latest insurance industry market moves between 23 and 29 February 2016 in full and in one place.
Blog: Super hero insurance takes on the DC and Marvel Universes
With Marvel's Deadpool currently setting the cinema box office alight, and plenty more comic adaptions on the way starting with Batman versus Superman in March, I thought it might be time for some Friday fun.
‘Challenging environment' takes toll on Brit's 2015 profits
Lloyd's insurer Brit saw its post-tax profit plummet to $15.6m (£10.8m) in the 12 months ended 31 December 2015 from $229.3m in 2014.
Lancashire reports GWP and profit fall for 2015
Lloyd's insurer Lancashire Holdings has reported a 29% decline in gross written premiums for the 12 months ended 31 December 2015, as net operating profit dropped to $173.4m (£121.1m) from $231.9m in 2014.
Lancashire chairman Thomas to step down
Lancashire Holdings chairman and director Martin Thomas is to step down from both positions following the company's annual general meeting on 4 May.
New home in Cheesegrater for Brit
Specialty insurer Brit has completed its move to the iconic Leadenhall Building in London.
#Postpeople: 16 - 22 February 2016
All the latest insurance industry market moves between 16 and 22 February 2016 in full and in one place.
Brit to lead US partner to $175m capacity
Brit will help increase capacity at US-based Ambridge Partners to $175m (£120m), with the specialty insurer acting as lead partner to increase Ambridge’s transactional liability facility.
Industry will have time to deal with business implications of Brexit
Market commentators are divided over whether it is too early to start contingency planning ahead of the planned referendum on the UK's membership of the European Union, despite a senior Lloyd's official warning the sector to be prepared for all possible…
Torrance joins Novae board as NED
Former Allianz CEO Andrew Torrance has been appointed as independent non-executive director to the board of Novae Group, effective 1 March 2016.
Lloyd’s CRO: Brexit could damage London market
A vote to leave the European Union in the forthcoming UK referendum could fundamentally damage the London market, according to Sean McGovern, Lloyd's CRO and general counsel.
The Post Power List 2016
In a year where regulation, natural disasters, consolidation and cyber/digital again look set to make waves, and when the country could learn if it’s in or out of the European Union, Post had a mind mapping session – with a bottle of wine – to see who…
Tokio Marine Kiln expands Birmingham-based underwriting team
Tokio Marine Kiln has appointed Mark Bradshaw from Zurich and Owen Shelley from Aviva to underwriting roles in the Midlands.
MGA venture by Cunningham Lindsey gets MGAA backing
Cunningham Lindsey will support managing general agents with a new service designed to assist with regulatory requirements and back office functions, a move that has been welcomed by the Managing General Agents’ Association.
Storms cost Aspen £17.8m in Q4
Aspen Insurance Holdings paid out $25.7m (£17.8m) related to UK floods in the quarter ended 31 December 2015 as it reported a combined ratio of 99.6% for the period.
LSM looks within for senior underwriting hire
Liberty Specialty Markets has promoted Mike Gosselin to chief underwriting officer for specialty.
Aon international broking revenue falls 10% to $2.76bn despite organic gains
Aon has today reported its international broking arm – which includes the UK – saw revenue fall 10% to $2.76bn (2014: $3.05bn) in 2015. A figure that jumps to 12% less currency impact.
James, Maidment and Swatman elected to Council of Lloyd's
Lloyd’s has confirmed the election of three new members to the Council of Lloyd’s.
Allied World CEO bemoans ‘challenging year’ as 2015 profits plummet
Global insurer Allied World recorded a significant fall in net income from $490.3m (£337.6m) for the full year in 2014 to $83.9m in 2015.
Blog: It's Superbowl 50 - the insurance market as NFL teams
With the climax of the NFL season this weekend to commemorate Superbowl 50 I wondered: If these insurance names were American football teams, which franchises would they be?
Beazley reports 87% COR as it prepares for London HQ move
Lloyd's insurer Beazley saw its profits and gross written premiums increase for the year ended 31 December 2015 while its combined operating ratio improved to 87% (2014: 89%).
Munich Re releases €1.4bn of reserves as it records €3.1bn profit despite Ergo struggles
Munich Re this morning reported a consolidated profit of €3.1bn (£2.5bn) (2014: €3.2bn) for 2015 on gross written premiums of €50.4bn (2014: €48.8bn).
Rank: 7 - Inga Beale, CEO, Lloyd’s
Leading the way for women now Jacqueline McNamee is no longer at AIG, Beale is putting all her efforts into making sure her employer remains a pre-eminent global brand at the forefront of innovation.