Lloyd’s/London
Career development: MA names new standards manager
The Lloyd’s Market Association has appointed Ben Baker to the role of professional standards manager, as it prepares to launch its new training academy.
Parker Norfolk to double number of employees after takeover
Lloyd’s broker Miles Smith plans to double its employee numbers at newly acquired wholesale motor fleet specialist Parker Norfolk over the next 12 months.
Former Aon UK boss Mahoney takes chair role and invests in analytics firm
Former Aon UK boss and past winner of the British Insurance Awards Achivement gong Dennis Mahoney has been appointed chairman of Sciemus, the analytics and modelling company.
Nat-cats force Argenta's syndicate to close door to new business
Singapore-based Lloyd’s syndicate 1965 will no longer be accepting new business blaming this year’s catastrophes including the recent Thailand floods.
Post magazine – 1 December 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Omega seeks clarification over Haverford bid as deadline approaches
Lloyd's insurer Omega has admitted that bidder Haverford is considering cutting its offer for 25% of the business.
ULR Additions to appeal Webster Dixon decision
ULR Additions has lodged an appeal in the Webster Dixon case against the judgment which will force it to pay higher fees to non-panel solicitors chosen by legal expenses policyholders.
LMA explains motor rises to OFT
The Lloyd’s Market Association has issued a plea to the Office of Fair Trading to consider the underlying causes of rising motor premiums before it reports next month.
Antares’ ceded reinsurance appoints head
Specialist Lloyd’s insurer Antares has named Richard Anson as head of ceded reinsurance.
Editor's comment: Knowledge swap shop
The first of many: that appears to be the over-riding theme of this week’s insurance market developments. First we had the groundbreaking strategic partnership struck between Catlin and China Re, in a move both parties expect will prove extremely…
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment
The “landmark” strategic partnership between Catlin and China Re is expected to be a catalyst for a boom in Lloyd’s investment from insurers in emerging economies.
Murphy assures staff THB takeover was not executed for efficiencies
THB chief executive Frank Murphy has promised employees at the Lloyd’s and London market broker there will be no similarities between his firm’s multi-million pound takeover by AmWINS and that of the Gallagher buyout of Heath Lambert.
Insurers warned over consequences of hiring unregulated investigators
A senior private investigator has warned that insurers face ruined reputations when hiring unregulated private investigators in the wake of the News of the World phone hacking scandal.
Perkins Slade rings the changes
Despite a relatively quiet quarter for broker recruitment, Perkins Slade named three new directors this week. The intermediary was not the only firm making changes, with Jelf and Willis also naming new starters. Among insurers I was a bust seven days for…
Marine - Post-IUMI: High seas scrutiny
The recent International Union of Marine Insurance conference underlined the escalating piracy problem and tasked underwriters with delivering a cargo-specific solution.
Lloyd's insurer Brit appoints Evercore to sell £150m UK arm
Dutch insurance group Brit is looking to close the first round bidding process for its UK retail arm this week, Postonline has learnt.
Post magazine – 24 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how industry experts believe the landmark partnership between Catlin and China Re will be a catalyst for a boom in Lloyd’s investment from insurers in emerging…
Catlin marine and transport division takes underwriting team of the year 2011 title
Ace Europe and Catlin were both double winners at the 2011 Underwriting Service Awards last night at the Kia Oval.
Lloyd's to scrap 60 jobs in efficiency drive
Lloyd’s is axing 60 jobs in a bid to reduce its budget by £17m next year.
IUA director replaces Hurst-Bannister as LMG chairman
Stephen Riley, executive director of Global Aerospace and chairman of the International Underwriting Association, is to become chairman of the London Market Group.
LMA readies Baker for standards role
The Lloyd’s Market Association’s has promoted senior underwriting executive, Ben Baker, to the role of professional standards manager following the announcement that Terry Hayday is to retire as head of professional services in June.
Omega 2011 catastrophe losses increase by $6m
Omega Insurance results for the nine months to 30 September 2011 show gross written premiums down to $258.5m (2010: $308.5m).
Catlin partners with China Re
Property and casualty insurer Catlin has formed a strategic partnership with China Re to establish Lloyd’s syndicate – the first time a Chinese insurer has directly invested in the market.