Lloyd’s/London
Amlin records 9% increase in fleet motor rates for Q3
Amlin has recorded steady results for quarter three 2013 including stable improvement in its UK commercial business logging a 9% increase in fleet motor rates.
FCA alert to issues with broker sidecar deals
The Financial Conduct Authority has its eye on broker facility deals in the London Market, such as the one forged between Aon and Berkshire Hathaway.
Equity hires Aspen’s Katie Wade to replace Andrew Gibson as CFO
Motor insurance specialist Equity has recruited Aspen’s Katie Wade to replace Andrew Gibson as its chief financial officer.
Editor's comment: Pass me a fork
It appears you can teach an old dog new tricks. Not so long ago I used this space to berate insurers for their lack of action in commercial underwriting, with firms talking the talk but not walking the walk.
Aegis London boosts terrorism footprint with two hires
Aegis London has made two appointments to its terrorism and aviation war account with the aim of increasing its underwriting footprint in the market.
Maven confirms £5m investment into Global Risk Partners
Private equity and alternative asset manager Maven Capital Partners has confirmed it is part of the syndicate providing £55m of investment into London market consolidator Global Risk Partners.
Blog: Will Lloyd's lay down a marker and hire its first female CEO?
“I did not break down the barriers; they were broken down for me by the members of Lloyd’s in a very charming way.”
LMA launches new e-claim file site
The Lloyd’s Market Association is to launch an electronic claim file website on 18 November.
Cullum’s consolidation credentials face test as he joins Penta in backing GRP
Global Risk Partners warned it must adapt quickly amid market uncertainty.
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.