Lloyd’s/London
Savage upbeat on motor market outlook
Lloyd's finance director said the UK motor insurance market is "over the worst of the soft cycle" and has expressed confidence that upcoming government reforms will further improve the sector's outlook.
Lloyd's profit hits £2.8bn after lower cat losses
Lloyd's has reported a 2012 pre-tax profit of £2.77bn following a loss of £516m in 2011.
Robert Hiscox awarded Lloyd’s Gold Medal
Former Hiscox chairman Robert Hiscox has been honoured by Lloyd’s for services to the London market.
ProSight appoints technology underwriter
ProSight, which operated Syndicate 1110 at Lloyd’s, has appointed Dennis Huggins as technology underwriter with immediate effect.
Argenta recruits Hardy claims head for syndicate role
Argenta has recruited Hardy’s claims boss to serve as its own head of claims and reinsurance at its Lloyd’s syndicate from 2 April.
British Insurance Awards deadline today
The deadline for entries for the 19th British Insurance Awards is fast approaching.
LMA completes marine claims standardisation project
The Lloyd’s market association has completed a year-long project to standardise engagement terms for marine surveyors and loss adjusters working in the London market.
Lower claims frequency hits Charles Taylor adjusting profit
Growth in Charles Taylor's management services and Isle of Man-based run-off insurance business in 2012 have offset reduced earnings in its adjusting services business, which was hit by a lower number of complex claims than the previous year.
Plum role for Chubb's Madders
Household insurer Plum Underwriting has swooped to appoint a new senior technical underwriter in the shape of Chubb's Niall Madders.
Xchanging names Brit’s head of group services as Netsett boss
Technology provider Xchanging has recruited a new leader for its global net settlement platform Netsett in the form of Brit’s head of group services.
Equity pair hit with Lloyd’s sanctions
Equity Red Star’s former active underwriter and finance director have been hit with Lloyd’s costs and barred from holding Lloyd’s director positions.
Lloyd’s players call for clarity over vision for the market
Lloyd’s is facing scepticism from market members over the progress of two of its highest-profile campaigns – infrastructure plan Central Services Refresh, previously known as Project Darwin, and Vision 2025.
Hurst-Bannister expands Xchanging role
Former London Market Group and Travelers chairman Barnabas Hurst-Bannister has been given an expanded role at technology provider Xchanging.
Lockton expands Manchester wholesale team
Lockton has boosted its Manchester-based Lloyd's London market wholesale unit with the appointment of Greg Sands an experienced as business development executive.
Two-thirds Canopius’ GWP growth from Omega book
Canopius executive chairman Michael Watson has told Post that two thirds of the £76m improvement in gross written premium to £692m for 2012 was contributed by the integration of newly acquired Omega.
Canopius swings to 2012 profit despite “double” Sandy hit
Canopius has recorded pre-tax profits of £50m for 2012, in spite of having to deal with the losses of both its own business, and newly-owned subsidiary Omega.
Miller’s Clarke retains role as Liiba chair
Miller chief executive Graham Clarke has been re-elected as chairman of the London & International Insurance Brokers’ Association.
CNA UK marine boss named joint cargo committee chair
CNA’s UK marine manager David Grant is to take the chairman’s seat in the joint cargo committee following two years as deputy chairman.
Canopius to sell off Bermuda operation
Canopius has entered into definitive agreements to sell all of its shares in Canopius Bermuda to institutional investors.
Nexus Group targeting $100m+ GWP for 2013
Specialist managing general agent Nexus Underwriting is planning to mark its fifth anniversary by becoming the largest MGA in the London market.
Cunningham Lindsey London boss Raine takes new role
Cunningham Lindsey’s London market director Stephen Raine is to limit his time in the city in a bid to spend more time with his family.
Biba and Willis back social media site
Social media platform My Slipcase has signed up members from 342 insurance and reinsurance organisations since it launched nine months ago.
Novae 'rebalances' book to deliver £49m profit
Novae has reported underlying profit before tax of £49.3m (2011: £6m loss) while the underlying pre-tax return on equity was 17.6% (2011: negative return of 2.1%).
Dual International deputy CEO takes UK helm in leadership reshuffle
Hyperion’s underwriting arm Dual has moved to restructure its leadership, creating a new role of UK chief executive for international deputy CEO Shane Doyle.