Lloyd’s/London
Hampden Underwriting acquisitions increase underwriting capacity to £20.2m
Hampden Underwriting has acquired two further Lloyd’s limited liability members taking its total underwriting capacity to £20.2m.
GC Securities selected as sole financial advisor for Canopius sale
Guy Carpenter’s GC Securities is acting as the sole financial advisor to the shareholders of Canopius in the sale to NKSJ Holdings, through its insurance subsidiary Sompo Japan Insurance.
Hardy strengthens board with double appointment
Underwriting agency Hardy has appointed David Stevens as board director and chief financial officer for the Hardy group of companies.
Govt and ABI yet to finalise details on leaders programme, Javid says
Financial secretary to the Treasury Sajid Javid said the government is yet to sort out the details around working with the Association of British Insurers on its future leaders programme as part of the UK insurance growth action plan.
Beazley boosts Latin American development with appointment
Beazley has appointed Ricardo Ortega as head of business development in Latin America.
Torus strengthens accident and health team
Specialist insurer Torus has appointed John Milne as accident and health underwriter.
Watson to remain as Canopius CEO ahead of Sompo-backed M&A activity
Canopius chairman Michael Watson will not look to replace outgoing chief executive Inga Beale and will instead occupy the role himself on a permanent basis as he eyes acquisition opportunities under the ownership of NKSJ Holdings’ Sompo Japan.
Lloyd’s first-ever female CEO Inga Beale signals new era for insurance industry
Canopius CEO’s experience makes her ‘ideal’ replacement for Richard Ward
Editor's comment: Ladies first (at last)
When I joined the insurance market in 2004, just under 10 years ago, the ‘required’ dress code for me to enter the hallowed halls of Lloyd’s of London was a skirt or dress.
Capita launches Lloyd's Singapore policy and cash management platform
Capita Insurance Services has launched the first market service for the Lloyd's community in Singapore which will help brokers and managing agents with their policy administration.
Chris Wood to retire from Chaucer aviation post
Peter Wakefield has been appointed Chaucer aviation division head following the retirement of Chris Wood.
Post magazine – 19/26 December 2013
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Career File - Richard Ward: Departing Lloyd's CEO named Brit chairman
Lloyd's chief executive Richard Ward will become Brit Insurance Holdings chairman once he steps down from his current role at the end of the year.
Torus expanding Lloyd’s syndicate in 2014
Specialty insurer Torus is to grow its Lloyd’s syndicate 1301 next year after having its business plan approved by the London market’s authorities.
C-Suite: MGAs must attract top talent
There are currently three kinds of managing general agents: broker‑driven ones that are used to prop up broker revenue streams; MGAs supported by one carrier, normally mono-product and geography; and the multi-product and wide geographic MGA supported by…
Lloyd's names Canopius’ Beale as chief executive
Lloyd’s has named Canopius chief executive Inga Beale as its new chief executive, replacing Richard Ward from January 2014.
PWC predicts steady 2014 London market outlook
PWC is predicting improved planned profitably in 2014 for some London market classes such as accident and health.
Travelers joins IUA
Travelers Insurance Company has become the latest firm to join the International Underwriting Association.
Sompo Japan in talks to buy Canopius
Japanese general insurer Sompo Japan is in advanced talks to buy Lloyd's insurance group Canopius for around £600m ($970m).
Lloyd’s CEO announcement expected Monday
Lloyd’s is set to name its new chief executive on Monday, Post understands, with Canopius group chief executive Inga Beale the front runner for the role.
Icat appoints new active underwriter
Icat has appointed Megan McConnell as active underwriter for Syndicate 4242 at Lloyd’s.
Lloyd's MGA Lime Underwriting to offer financial lines
US Risk (UK), which owns Oxford Insurance Brokers and James Hampden International, has started Lime Underwriting, a managing general agent at Lloyd’s, for the UK and international financial lines sectors.
Gorkana founder backs insurer network
Insurance social network My Slipcase has gained backing from the founder of public relations site Gorkana, less than 18 months after launching.
Patria Re targets London market with new office
Mexico City-based Latin American insurance and reinsurance specialist Patria Re has opened a new marketing office aimed at the Lloyd’s and London market.