Lloyd’s/London
LMA publishes new nuclear exclusion clauses
The London Market Association has released the first in a series of nuclear and radioactive contamination exclusion clauses.
ABI and Lloyd's welcome government tax cuts
The Association of British Insurers has welcomed the government's plan to reduce corporation tax to 21% in 2014.
APC takes first step into mainland Europe
APC has taken its first step into continental Europe by launching two SME insurance products in the Dutch market through its new platform APC Holland.
Xchanging set for February mobile launch
Xchanging is readying mobile apps to allow customers to make notations and amendments to electronic documents from mobile platforms with a launch earmarked for February.
Boucher joins Kinetic as non-exec chairman
Lloyd's broker Kinetic Insurance Brokers has named Steve Boucher as non-executive chairman with immediate effect.
Ex-Guy Carpenter COO joins Novae board
Novae has appointed former Guy Carpenter chief operating officer Charles Fry as chief financial officer.
Transactor secures Minster Court base
Insurance software house Transactor's London market operation is to move into the London Underwriting Centre from February 2013.
Mitsui Sumitomo appoints class underwriter
Mitsui Sumitomo at Lloyd’s is aiming to grow its marine liability underwriting book following the appointment of Darren Carr as class underwriter.
Skuld bosses to lead new superyacht insurance service
Marine insurer Skuld has formed Skuld\Yacht, a new service dedicated exclusively to the protection and indemnity needs of superyacht owners.
Interview: Reg Brown - Been there, done that, got the t-shirt
Reg Brown has seen it all in more than half a century working in insurance, but the chairman of the Managing General Agents’ Association’s drive to improve the industry and inspire its next generation is stronger than ever.
Market Moves: Liberty makes three additions
Liberty was the most active recruiter this week, with Liberty International Underwriters appointing two senior underwriters to its aviation team and Liberty Syndicates adding a class underwriter to its war and terrorism unit.
China underinsured by $80bn: Lloyd's
China represents half of global underinsurance, according to a study from the Centre for Economic Business Research and Lloyd's.
Xchanging names Guttridge as executive director
Technology services provider Xchanging has appointed Adrian Guttridge as insurance services executive director.
Skuld expands specialist marine offering
Marine insurer Skuld has formed a new unit within its Lloyd’s syndicate 1897 that will offer combined physical damage and liability cover to ports and terminals worldwide.
Chubb named Underwriting Service Awards Team of the Year
LV and QBE scooped two awards each at Post's third annual Underwriting Service Awards last night, beating Hiscox, RSA and Allianz.
Contractors body loses £26m in Lloyd's syndicate investment
The Electrical Contractors' Association has lost around £26m after investing in a Lloyd's of London syndicate.
HCB liability play boosted by investment
Healthcare and risk management specialist Health Claims Bureau plans to double its revenue in two years by targeting new business in the liability insurance sector.
Direct Group eyes US expansion following sale to Ryan Specialty Group
Direct Group chief executive Derek Coles intends to take advantage of new opportunities to enter international territories following the completion of the firm's sale to Ryan Specialty Group.
Chaucer launches political risk initiative in New York
Lloyd's insurer Chaucer has developed a new political risk and trade credit initiative in New York.
AM Best offers positive outlook on Markel International
Rating services firm AM Best Europe has affirmed the financial strength rating of 'A' and issuer credit ratings of "A+" of Markel International and Lloyd's Syndicate 3000.
QBE scales back profit margin estimates as Sandy losses swell
Global insurer QBE has estimated its insured losses from super storm Sandy will be between £220.4m ($350m) and £283m ($450m).
Faraday renews Pro contract for another three years
Tawa subsidiary Pro insurance has renewed a deal to provide underwriting support to Faraday.
New LMA property risks wordings to provide clarity for underwriters
A new standard wording for power and utility property risks placed in the Lloyd's market was unveiled at this week's London Power Forum.
Two aviation underwriters join Antares
Lloyd's insurer Antares has appointed Simon Hennessy and Russell Mason as aviation underwriters.