Lloyd’s/London
Simply Business MBO to realise the ‘full potential’ of business
Simply Business chief executive Jason Stockwood has revealed the recent management buy out was prompted by a desire to clarify its shareholder structure.
Lockton launches intangible risks insurance program
Lockton is seeing to put an end to “uninsurable risks” through a customised program developed by the broker in conjunction to Kiln.
Simply Business parts ways with Brit after completing MBO
Simply Business has finally completed a management buy-out with backing from European equity firm Ana Cap.
Career file - Cameron McNaught: McNaught takes position in newly-opened Parabis Edinburgh office
Parabis Scotland has appointed defendant insurance lawyer Cameron McNaught as a partner in its newly-opened Edinburgh office.
Market Moves: Insurers at the forefront in recruitment market with major hires
Insurers took centre stage in the recruitment market this week, with hires coming thick and fast from the top down. A new chief executive was named at Torus to coincide with the firm’s sale to Enstar, while at Antares a political risks manager and a non…
Vision 2020: Full steam ahead
Despite the report fading from memory, the insurance industry is still on track when it comes to achieving Vision 2020’s key aim to progress the industry
Hardy hires Thomas in non-exec role
Lloyd’s insurer Hardy has appointed a former Willis risk management leader and insurance solicitor to join its board as a non-executive director.
Canopius acquires Equity's home and PA books and 25% Arista stake
Canopius has purchased Equity Insurance Group’s home and personal accident books as well as a 25% shareholding in Arista Insurance.
Tailored approach to European disaster management is essential
Insurance Europe has warned there is no “one-size-fits-all” solution to the insurance required for natural and man-made disasters in Europe.
Downward trend in airline insurance premiums set to continue
The loss of an Asiana Boeing 777 aircraft earlier this month will do little to change the downward slide in premium prices in the airline insurance market, a report by Willis said.
Equity Red Star’s strategy prompts reorganisation
Lloyd’s motor insurer Equity Red Star is to reorganise its motor division and senior management team as part of a new strategy.
Skuld strenghtens claims service
Marine insurance provider Skuld has appointed Anders Hovelsrud as vice president of claims services.
Lloyd’s insurer Advent names Fitzgerald CEO
Nigel Fitzgerald has completed a six month transition period to take the reigns as chief executive officer at Advent.
CEO Rowell departs Jubilee
Johnny Rowell, chief executive of Jubilee Group is to step down, replaced on an interim basis by the firm’s chief operating officer.
Liberty appoints new non-executive
Liberty Syndicates has appointed Richard Reid as non-executive director.
BLM opens EC3 office
Law firm Berrymans Lace Mawer is to open a new office on Leadenhall Street in a bid to better service the London market.
Lloyd’s names high tax as top European business threat
European executives are risking short-termism according to Lloyd’s chief executive Richard Ward, with high taxation now seen as the number one threat to European business.
Airmic’s basis contract clause campaign bolstered by heavy hitters
Lloyd’s market remains reticent to address elimination of avoidance clauses.
Haste tipped for the top at Lloyd’s as insiders claim job ‘is his for the taking’
Ward praised for maintaining strength of market during tenure.
Editor's comment: The spectre of Spitzer returns
In 2004, the US insurance broking industry came under attack as then New York Attorney General Eliot Spitzer declared war — with allegations of kickbacks, rigged bids for insurance contracts and opaque practices, including contingent commissions.
Market Moves: High-profile moves come to the fore at Bluefin and Covéa, while Markel hires two
Another hectic week saw the usual suspects come to the fore with high-profile moves at Bluefin seeing the broker’s CEO stepping up to the role of executive chairman, while at Covéa a new SME leader will be reunited with a former Brit colleague who joined…
Employment: Port in a storm?
Does the insurance sector’s resilience in a difficult economic climate make it a safe haven for employees, or are industry staff in as much peril as the rest of the UK workforce?
Cosmos Services acquires 15% stake in SART
Hong Kong-based broker Cosmos Services has acquired a 15% stake in SART Holdings, the Hong Kong based business of Aquila Underwriting.
Torus unveils new CEO as it is sold to Enstar for $692m
Global specialty insurer Torus has appointed Dermot O’Donohoe as group chief executive officer of Torus Group, in addition to his role as chief executive of Torus International, following the acquisition of the group by Enstar.