Lloyd’s/London
Pioneer opens property cat division
David Carson has been appointed to grow Pioneer Underwriting's new property catastrophe reinsurance underwriting division.
David Harries appointed Syndicate 386 active underwriter
QBE has appointed David Harries as active underwriter of Lloyd’s Syndicate 386.
Post magazine – 29 August 2013
This week's issue of Post is now available to subscribers.
Underwriters under pressure to secure facility deals to remain in London market
Lloyd’s underwriters have been warned they may have to secure facility deals with brokers in order to conduct business in the market in the future, despite a question mark remaining over whether these practices are anti-competitive.
Interview: Mark Cloutier: Maintaining momentum
After restructuring last year, Brit has posted impressive results for the first half of 2013 – and chief executive Mark Cloutier insists the firm is on the right track to becoming top dog at Lloyd’s
Leader: Will the Lutine Bell fall silent?
In the 17th Century, London’s importance as a trade centre led to an increasing demand for insurance, and Edward Lloyd’s coffee house soon became recognised as the place to obtain marine cover.
Former Lloyd’s chair Taylor joins Pioneer board
Former Lloyd’s chairman Max Taylor has been appointed as chairman of the board at BMS owned-Pioneer Underwriting.
Dual appoints AIG's Crowe senior financial institutions underwriter
Dual, the underwriting arm of Hyperion Insurance Group, has appointed Damian Crowe as a senior underwriter.
Equinox Global strengthens international team
Equinox Global has appointed Joe McNamara as vice president of credit and political risk in New York and Dagmar Böhning as underwriting manager, at Equinox Global in Hamburg, Germany.
Dane Douetil takes the reins at BMS Associates
BMS Associates has named Brit Insurance chief executive Dane Douetil as its new group CEO.
Matthew Cannock named new Markel MD in Singapore
Markel International has appointed Matthew Cannock as managing director in Singapore.
UK commercial market returning to health says Amlin CEO
Improvements in UK commercial fleet have helped bolster Lloyd’s insurer Amlin’s results and the UK commercial market is becoming ‘healthier’ overall according to its chief executive.
Amlin returns 'solid results' for H1 2013
Amlin's chief executive Charels Philipps has dubbed the insurer’s first half results for 2013 “solid”.
Post Intelligence – company profile: Standard Chartered Bank
With an operating income of $19bn the Group is targeting double-digit income growth. Standard Chartered is looking to bolster its wealth management presence in India through acquisitions.
Touchstone unveils online broker service with Websure
London managing general agent Touchstone Underwriting is to launch an online service for specialist brokers, in collaboration with Websure.
Post magazine – 15 August 2013
This week's issue of Post is now available to subscribers.
Chaucer swoops for Travelers marine specialist
Lloyd’s specialist insurer Chaucer has recruited Travelers’ senior UK marine underwriter.
Interview: Markel's William Stovin: Culture club
Happy with the cultural fit following Markel’s $3.1bn acquisition of Alterra, president and chief operating officer William Stovin is looking to drive the newly merged firm forward.
Kiln appoints active underwriter for Syndicate 1880
Kiln has appointed Satoshi Naganuma as active underwriter of Tokio Marine Kiln Syndicate 1880.
LMA to join government maritime security committee
The Lloyd’s Market Association has been invited to join a new government committee monitoring security at UK ports and harbours.
Catlin sees pre-tax profits tumble 37% after investment returns plummet
Catlin has seen its H1 profits scythed by more than a third following a steep drop in its net investment income.
Kiln hikes name syndicate forecasts
Kiln has boosted its return on capital forecasts for Lloyd’s names-backed non-life syndicates following strong performance.
Swiss Re P&C arm hit by nat cat losses in Q2 2013 as COR jumps to 100.7%
Swiss Re this morning reported net income of US$786m (Q2 2012: US$83m) in the second quarter of the year on premiums earned of $6.8bn (Q2 2012: US$6.1bn).
Mitsui Sumitomo expands senior underwriting team
Mitsui Sumitomo at Lloyd’s has added two experienced underwriters to Syndicate 3210 as part of a plan to diversify its products and distribution and capitalise on international opportunities.