Lloyd’s/London
Post Intelligence - company profile: Amlin
A key aspect of Amlin’s strategy is the focus on maintaining a balance between catastrophe and non-catastrophe exposures, as well as a broad spread of risk by geography and class.
Lloyd’s members agency Alpha unveils new chairman following buyout
Lloyd’s members agency Alpha Insurance Analysts has appointed John Scott as non-executive chairman, subject to approval of both the Financial Conduct Authority and Lloyd’s.
Cathedral listed for sale by PE backer
Lloyd's managing agent Cathedral Capital has been put up for sale by its majority owner Alchemy, a private equity group.
Insurers not yet in the clear over horsemeat scandal as claims emerge
Contaminated meat claims linked with the horsemeat scandal are now reaching insurers despite clauses that limit liability within product recall policies.
Aviva, RSA and Allianz await fallout from Savile abuse allegations
Aviva, RSA and Allianz were the BBC’s primary insurers during the 40 years that alleged sex offender Jimmy Savile worked for the broadcaster, and could face sexual abuse claims of up to £30m.
Market Moves: Insurers take the week’s spoils as Ace leads recruitment surge
This week, insurers were on top, with Ace, Covéa and Liberty Mutual among the firms to have tied up deals to bring in new faces.
Solvency II: worth the wait?
After many delays, Solvency II implementation is still far from certain. While some insurers have grown disillusioned by the process, others remain keen to see the directive’s benefits come to fruition.
Ex-Airmic chair Taylor joins Ascot board
Ascot Underwriting has appointed Paul Taylor as an independent non-executive director and chair of it’s risk committee.
MGAA begins chief exec hunt
Managing General Agents’ Association chairman Reg Brown is hoping to install a new, full-time chief executive at the industry body by February next year.
Lloyd’s relaxed on Ping An building deal
The Lloyd’s insurance market is confident that the acquisition of the Lloyd’s building by Chinese life insurer Ping An would not affect operations.
Lloyd’s building to be bought by Chinese insurer
The Lloyd’s building is to be acquired by life insurer Ping An in a deal worth £260m according to The Times.
View from the Top: Take risks on bright young things
My two-year-old can’t talk yet, but he can give me a tutorial on the use of my iPad. There is more to this statement than a reflection on my ability to use handheld computers.
Ironshore extends Japanese reach
Ironshore International's Lloyd's Pembroke Syndicate has been authorised by the Japanese Financial Services Authority to offer representations and warranties coverage through Lloyd's Japan.
Antares returns profit of £12m and sub-100% COR
Antares' managed syndicate 1274 has reported a leap in profit to £16m for the full-year 2012 compared to a loss of £12.2m in 2011.
Capita launches London market risk capture programme
Capita Insurance Services aims to improve efficiency in the London market by applying its market level risk capture programme already used by managing agents with service companies in Singapore.
Xchanging launches free London wi-fi
Xchanging has begun the roll-out of free wi-fi access throughout the City of London with the firm’s Leadenhall headquarters leading the way.
Markel moves to single tech platform
Markel has streamlined its business processes by replacing several back office systems with a single business platform.
APC sets up London market team
Underwriting agency APC has launched a London market broking team to place risks that cannot be facilitated under its regular binding authorities with regional brokers.
PWC names Bichard London market leader
PWC has followed January’s appointment of Jonathan Howe as UK insurance leader by naming a new London market boss.
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Law firms urged to go global to secure place on London market insurer panels
Law firms must improve their international focus if they are to earn a position on London market insurers’ panels, as claims bosses plan reviews of their legal partners.
Barbican joins Home & Legacy panel
Barbican is set to join the household insurance panel of high net worth specialist Home & Legacy.
Ace appoints ex-Chubb casualty manager
Chubb's former European casualty manager Mark Roberts has joined Ace as casualty manager for the UK & Ireland as part of the insurer's bid to build its liability insurance capabilities.
Torus given green light to launch Lloyd's managing agency
Torus has received approval from the Financial Services Authority and Lloyd’s to launch its own Lloyd’s managing agency, to be known as Torus Underwriting Management.