Lloyd’s/London
JLT Specialty launches risk practice division
Bosses at JLT Specialty have revealed that a heavier emphasis on specialisms combined with increased investment in both the London and regional markets will form the basis of the firm’s newly launched risk practice division.
FSA boss: Insurers and brokers face 'twin peak' regulatory model from April
The Financial Services Authority will reach a "major milestone" in the regulatory reform programme on 2 April 2012, namely the introduction of a ‘twin peaks’ model operating within the FSA.
Amlin reports renewal rates up 4% in 2012
Amlin has written total income to date of £746.4m in 2012, net of brokerage - a 19.2% increase on the prior year.
Hodges reunites with former Aviva colleague Egan as Patrick quits Towergate
Towergate Insurance has appointed Scott Egan as group finance director.
Ace appoints international accident and health team head
Ace has appointed Craig Parfitt to head up the analytics and management information team for its accident and health business in Europe, the Middle East and Africa.
Interview - Bobby Gracey & Dr James Lygate: The future of forensics
Despite an abrupt and fractious first meeting many years ago, Bobby Gracey and Dr James Lygate are now business partners. The duo explain their plans for growth and diversification at IFIC.
My best 11 - Simon Burley, Delta Claims Services and CILA
Simon Burley, president of the Chartered Institute of Loss Adjusters and director at Delta Claims Services, selects his best XI for an insurance start-up.
In series - On data: An era of androgyny
With gender set to disappear from the underwriting landscape at the end of 2012, what factors will insurers turn to when accessing risk?
Post magazine – 2 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Ace boss Greenberg sees "firming rates" in Q4 as 2011 profit falls 49% to $1.59bn
Ace Insurance has reported 49% change in its year end profit having reported net income of $1.59bn (2010: $3.11bn) in 2011.
London market technology provider launches cloud offering
London Market technology firm TriSystems has launched an electronic underwriting service called Lime-St.com For underwriters to complement its broking platform.
Ex DA Constable MD joins syndicate 2525
Whittington Capital Management syndicate 2525 has appointed Stephen Fitzgerald to develop business in UK regions not currently accessed through the Lloyd’s broker channel.
Lloyd's to spend £150m on modernisation plans
The Lloyd’s and London Market is considering a £150m overhaul of its processes in a bid to modernise operations but this could render Xchanging’s services redundant.
Thirty insurers linked to Costa Concordia disaster
More than 30 insurers are likely to carry the cost of stricken Costa Concordia cruise ship.
Newly acquired Chesterfield eyes further expansion
Lloyd’s broker Chesterfield, recently acquired by HW Kaufman Financial, plans to “more than double in size” in the next two years.
Hurst-Bannister joins Xchanging board
London Market stalwart Barnabas Hurst-Bannister is to join the Xchanging Ins-Sure Services board as a non-executive director from March.
Reinsurance - January renewals: Toughen up
Despite the catastrophes of 2011, the predicted — and much needed — January renewal rate hardening has failed to materialise.
Post magazine – 26 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Montpelier Re and Mitsui stay quiet on Hardy bids
Bermudan-based reinsurer Montpelier Re and Lloyd’s insurer Mitsui Sumitomo have refused to comment on rumours that they will bid on troubled Lloyd’s insurer Hardy.
LMA names Atkin as new chairman
The chief executive officer of Talbot Underwriting, Rupert Atkin, has been appointed as the new chairman of the Lloyd’s Market Association.
Travelers targets brokers with event cancellation cover expansion
Travelers has expanded its event cancellation cover from the firm’s Lloyd’s syndicate to its insurance company operation in a move which is expected to provide regional brokers with better access to the product.
Jubilee says regulators thwart better PPI
Jubilee says insurers are being put off creating payment protection insurance products because of uncertainty following reviews by regulators.
Barbican makes fresh Omega bid
Barbican sent a letter to rival Omega this week outlining a “merger of equals”.
Lockton Dubai gains Lloyd’s broker status
Lockton Dubai has received Lloyd’s broker registration.