Lloyd’s/London
Helios boosts capacity with Nameco acquisition
Helios Underwriting has agreed to acquire Nameco (No 311), a limited liability member of Lloyd's, for a total consideration of £1m in cash.
Rival bids for Catlin from Asia and US predicted following XL offer
XL Group’s potential acquisition of Catlin has been billed as positive for both parties, although the bid is expected to flush out interest from Asian and US firms targeting a Lloyd's presence, according to analysts.
XL Group makes offer for Lloyd's insurer Catlin
Catlin Group has confirmed it has received an approach from XL Group.
Integro snaps up London market bloodstock broker Howard Global
International insurance broker and risk management firm Integro has acquired Howard Global Insurance Services, a Lloyd’s-registered specialty broker.
Plum plots ‘accelerated’ expansion following Global Risk Partners-backed MBO
Specialist household MGA Plum Underwriting has completed a management buyout backed by London Market focussed consolidator Global Risk Partners.
Bermingham exits Xchanging as Lloyd's consolidates market on to new claims scheme
Xchanging Claims Services executive director Paul Bermingham has left the company following the accelerated progress of the Lloyd's claims transformation programme.
The POST Power List 2014
After much deliberation, Post finally reveals the top 10 shining lights of the insurance industry, along with details of who we think would play them in a movie of their life, to complete the Post Power List.
Lloyd’s hands Parry permanent finance reins
The Council of Lloyd’s has named John Parry as Lloyd’s permanent finance director with immediate effect.
Europe: London matters
The latest report on the London Market from the Lloyd's Market Group points to opportunities and challenges for the sector in comparison with the rest of Europe. Steve Hearn explains that this means
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.