Lloyd’s/London
Pioneer Special Risk begins New York underwriting
Minova-owned managing general agent Pioneer Special Risk has formally commenced underwriting in New York.
Canopius recruits Zurich’s UK accident and health boss
Canopius has named Zurich’s head of UK accident and health as the divisional underwriter for its own operation.
Pool Re-style cyber terrorism facility could stimulate the market for insurance
Cyber insurance concept raised at CFC Cyber Symposium
Review of the Year: Lloyd's
Post’s annual review of Lloyd’s and the London market gathered reflections from players including Besso, Markel, Lloyd’s, Hiscox, EY and Beazley to reflect on 2014 and the challenges and expectations that lie ahead for next year
One in five London insurers ‘materially reliant’ on investments to turn a profit says PWC
20% of London market insurers will require solid investment returns in order to record a profit through to 2015, according to PWC, who point to a continued abundance of capacity dampening rate increases.
Increased M&A activity predicted among MGAs
Merger and acquisition activity in the managing general agent sector is set to take-off with 40% of UK MGAs either currently involved in mergers and acquisitions or planning to pursue such opportunities during the next three years, according to a survey…
Lloyd’s handed Mexico representative office approvals
Lloyd’s has been handed approval by Mexican authorities to open a new representative office in Mexico City.
Soundbite: Listen to Inga Beale reflect on Lloyd's and the need for innovation
Speaking at Marsh's seventh annual client event on 25 November, Lloyd's CEO Inga Beale said the London market must continue to innovate as it has in the past.
Skuld extends London P&I offering
Skuld now has the capability to offer all of its P&I products from its office in London.
China Re starts standalone Lloyd's syndicate
China's largest reinsurer has gained permission for Syndicate 2088 to be a standalone reinsurance entity to be managed by Catlin Underwriting Agencies.
PRA set to issue individual firm reviews following reserve release warning
Letter to industry CEOs raised concerns over the sustainability of reserve releasing
Survey sparks calls for co-ordinated effort to attract graduates to insurance
Warning over succession crisis and wage inflation if industry appeal is not raised
CGSC announces rebrand ahead of 50th trading year
Cooper Gay Swett & Crawford has renamed its London market brokerage business as CGNMB, a single brand that combines Lloyd's brokers Cooper Gay & Company and Newman Martin and Buchan.
RSG hires Argo underwriter to lead London MGA
Chicago-based insurance services business Ryan Specialty Group has recruited Argo Re underwriter Mark Peeters to lead a new London-based managing general agent specializing in directors and officers liability cover.
Brit shrugs off 'variable' market conditions after chalking up 4.9% GWP rise
Brit CEO Mark Cloutier is confident his firm will continue to deliver “healthy returns” for shareholders after the Lloyd’s insurer unveiled a 4.9% increase in gross written premium to £990.7m (Q3 2013: £944m) in the third quarter.
Editor's comment: Is London past its best?
The insurance market is on the verge of a golden era. This is according to Inga Beale, CEO of Lloyd’s, who was speaking to more than 1000 delegates at the East Asia Insurance Congress in Taipei.
Hyperion and Willis to spearhead raft of M&A activity in London Market
IPO said to be in the offing after RK Harrison deal gives scale
Report issues warning to London over threats posed by emerging markets
Market must ‘take notice and implement changes’ to compete in future
Price softening opens door for smaller Lloyd's syndicates to grab market share
Catlin Group’s primary syndicate remains the leading Lloyd’s syndicate in terms of 2013 gross written premium, although its top spot could be under threat as other operations seek to obtain fresh market share.
LMA to offer climate change seminar for CEOs
The Lloyd's Market Association's educational arm has launched a leadership programme with the University of Cambridge to explore the implications of climate change for the insurance industry.
Equinox Global expands its presence in France
Equinox Global, the Lloyd’s cover holder, has appointed Vladimir Malenic at Equinox France, which recently moved into a new central Paris office.
Equinox Global adds Amlin and The Channel Syndicate to panel
Lloyd’s coverholder Equinox Global has increased the number of carriers on its binder panel to nine after welcoming Amlin and The Channel Syndicate.
Beazley premiums remain flat, despite 1% rate reductions
Specialist insurer Beazley has maintained premium levels after the first nine months of the year, despite noting continued pressure of rates.
Heap returns to Equitas as CEO
Jeremy Heap has been appointed CEO of Equitas which manages the run off of the general insurance arm of the Lloyd's Names.