Lloyd’s/London
JLT launches new reinsurance venture
JLT has launched a reinsurance arm under the name JLT Towers Re, following the acquisition of Towers Watson’s reinsurance broking business.
Editor's comment: Harvest time in EC3?
The UK recently celebrated the Harvest Festival, a time when the growing season has finished and the mature crops have been gathered successfully, ready to feed hungry mouths over the cold winter months.
My best XV Selected by Russell Berry, Towergate
Russell Berry, graduate trainee at Towergate Underwriting, selects his best XV and wins two tickets to see England v Argentina on 9 November in the QBE Rugby Internationals.
C-Suite: Use data to defeat cyber crime
A recently published survey found the insurance industry was, at best, responding to less than 20% of the risks businesses face.
Arista recruits from Equity for credit control pair
Commercial lines underwriter Arista Insurance has swooped for a pair staff from Equity insurance for its credit control unit.
Beazley launches small transactions cover
Beazley has launched a type of insurance coverage aimed at the smaller deals which are typically not underwritten by most insurers.
Markel recruits former EY UK audit head for non-exec role
Markel has appointed a former EY audit partner as a non-executive director, Post can exclusively reveal.
UK P&I club unveils new chairman
UK P&I club members have elected Alan Olivier as chairman and president at their board meeting in Bermuda.
C-Suite: It’s time to get personal
The increasingly connected world presents greater challenges for insurers – they must rise to the task.
Hiscox culls 32 firms from legal panel
Hiscox’s UK retail business has reduced the number of firms it works with for claims legal advice from 45 to 13 firms.
Chaucer promotes Blight to lead treaty practice
Lloyd’s insurer Chaucer has named Paul Blight to lead its recently launched treaty practice at Syndicate 1084.
Career development: Marsh young claims professionals event
Broking giant Marsh sold out its first event for young claims professionals earlier this month.
Former Lloyd’s exec Langley to head government Financial Services Investment Organisation
Sue Langley, a former executive director of both Lloyd’s and Hiscox, has been named as the head of UK Trade and Investment’s Financial Services Investment Organisation.
MGA ‘fast-track’ platform launched
Castel Underwriting, a platform to fast-track the creation of MGAs, has been launched.
Willis unveils specialty capacity placement strategy
Willis has pulled back the curtains on plans for three insurers to provide additional capacity for up to 20% of the its London specialty risk portfolio.
Industry warns over reputational risk of FCA’s ‘name and shame’ policy
Regulator’s new plans could see individuals under investigation outed publicly.
Career development: LMA Academy wins full CII accreditation
The LMA Academy - the Lloyd's Market Association's professional training and development programme - has received the Chartered Insurance Institute's continuing professional development accreditation for its masterclasses and workshops, and for its…
BP Marsh reports £1.4m profit after Hyperion sale
Venture capital provider and former Hyperion investor BP Marsh has reported profit after tax of £1.4m for the six months to July 2013, down from the £2.2m reported for the same period last year.
Hardy makes senior appointment from Kiln
Hardy Underwriting has appointed Lloyd Tunnicliffe as its new property treaty business unit manager.
Equinox increases capacity by over 40%
Equinox Global has added three new syndicates to its panel and increased its underwriting capacity from $35m (£21.6) to $50m (£30.9m), effective 1 November 2013.
Marketform restructures medical malpractice division
Underwriter Marketform has reshuffled its medical malpractice division.
LMA Academy wins full CII accreditation
The LMA Academy, the professional training and development programme managed and run by the Lloyd’s Market Association has been awarded accreditation by the Chartered Insurance Institute.
Editor's comment: Your country needs you
Cuthbert Heath, one of the most innovative and influential Lloyd’s brokers, developed what we would now recognise as business interruption insurance, with the first modern policy issued in London on 1 January 1939, according to LMI Group.
Rules targeting non-UK tax residency to impact minority of Lloyd's members
New Lloyd’s rules on tax residency are likely to affect less than 10% of members, according to sources.