Lloyd’s/London
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.
Kiln offers discounted cover for unmanned aerial craft
Kiln has partnered with aviation training specialist Resource UAS to offer reduced pricing on hull and liability covers for remote piloted aerial crafts.
Agencyport counts Lloyd’s as key revenue contributor
Software firm Agencyport has cited the Lloyd’s and London market as the key contributor to its 2012 revenue with 50% of its income coming from that sector.
Expert Analysis: Autumn watch
IGO4’s aggregator analysis reveals that while demand for motor quotes remains high, home insurance has stalled at a disappointing level.
Staddon named MD of the MGAA
Peter Staddon has been appointed as the first managing director of the Managing General Agents' Association.
Ambant launches MGA support firm
Ambant, the Lloyd’s of London and international insurance market services company has launched MGA service provider Ambant Underwriting Services.
IT provider Northdoor contracts with proposed syndicate
IT provider Northdoor has contracted to provide its underwriting system Ndexinsure to proposed Lloyd’s syndicate 1729 Dale Underwriting Partners.
C-Suite: Slow down and think long term
Major price swings in the motor sector in the wake of legal reform are damaging to consumer confidence.
Q&A: Richard Ward: Passing the Lloyd’s baton
Reflecting on his time at the helm, outgoing Lloyd’s chief executive Richard Ward talks about the upcoming challenges for his successor and the legacy he is leaving behind.
LMA backed by London market members
The Lloyd’s Market Association has received a vote of confidence from London underwriters, chief executives and other market members.
Lloyd's left in the shade by company market in reputation report
Catlin has been nominated the best known underwriting business and Zurich the fastest improving business, following a Gracechurch Consulting poll of more than 450 London market brokers.
Ascot recruits Navigators underwriter for marine account
Ascot Underwriting has appointed a Navigators senior underwriter to take on the role of senior vice president in New York.
Outgoing Lloyd’s CEO vows to make Aon’s sidecar deal deliver on promises
Merits of Aon’s ‘parasitic’ arrangement with Berkshire Hathaway questioned.
Lloyd's slams government's Flood Insurance Obligation
Lloyd’s has condemned the government's proposed Flood Insurance Obligation stating it would make UK insurers less competitive than their European counterparts.
Continuing uncertainty causes insurers to seek divergent assets
Continuing uncertainty around a US quantitative easing programme is driving insurers to seek more divergent classes of assets, according to a study by Black Rock and the Economist Intelligence Unit.
Career development: Barbican unveils Insurance Academy
Barbican Insurance Group has launched a talent and development initiative designed to enable current employees and future talent to further develop their insurance knowledge, acquire new skills and build a long-term career within the industry.
International: Europe: Go west
Are Asian investors likely to continue their interest in the European insurance market? Edmund Tirbutt investigates.
Savage: Lloyd’s happy with cautious GWP growth
Lloyd’s director of finance and operations Luke Savage has declared himself satisfied with small increases in the gross written premiums recorded in the London market.
R&Q hires new underwriter from Beaufort
Randall & Quilter has appointed Gordon Breslin as class underwriter at Syndicate 1991.
Asta to manage new Axis Capital backed Lloyd’s syndicate
The Lloyd’s Franchise Board has granted approval in principle for Asta Managing Agency to establish and manage a new corporate syndicate backed by Axis Capital Holdings.
Lloyd’s first half profit drops on 2012 result
Lloyd’s has posted a £1.38bn profit for the first half of 2013 down on its 2012 result of £1.53bn.
M&A surge imminent due to low interest rates and yields
PWC report predicts ‘quiet revolution’ in acquisitions.
Lloyd’s AA rating upgrade far from certain as CEO speculation continues
Catlin COO Paul Jardine emerges as popular choice to succeed Richard Ward.