Lloyd’s/London
MoJ to split referral ban enforcement role - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including confirmation from the Ministry of Justice that the government’s proposed ban on referral fees is unlikely to be centrally administered, and instead enforced by…
Lloyd's coverholder and capacity acquired in expansion push
ProSight Specialty Insurance has entered into a definitive agreement to acquire Lloyd’s Coverholder TSM Agencies and 100% of the capacity rights to Lloyd’s Syndicate 1110.
Canopius submits 83 pence a share offer for Omega
Lloyd's isnurer Canopius has submitted an indicative proposal to the board of rival Omega to acquire the entire issued and to be issued ordinary share capital of Omega for cash consideration of 83.0 pence per share.
Brit wants faster marine claims
London’s shipping insurance market needs to improve claims handling to mirror tighter corporate governance measures in the global container shipping industry, Brit has warned.
Lloyd’s heading for tough times as catastrophe losses hit profits
Lloyd’s first half-year results will be adversely affected by this year’s “unprecedented” level of catastrophes and could see its combined operating ratio hit 100% for the first time in six years, according to market observers.
Liberty sets sights on ‘significant multiples’ of GWP
Liberty Mutual has doubled its gross written premium in UK commercial lines for the first half of the year, as it looks to open up a Leeds office.
Online this week - Top Ten Post Stories - 8 September 2011
The top ten stories from www.postonline.co.uk
9/11 A personal reflection: Remembering the unforgettable
As the horror of 11 September 2001 unfolded, the insurance industry was not only reeling from the inevitable financial consequences. It was struggling to conceive a much more immense loss, a personal one
BIS Countdown: Sir John Grieve - In the eye of the storm
As deputy governor of the Bank of England, Sir John Gieve was in the centre of the worst financial crisis for a century. What has hindsight revealed and what are his views on the subsequent regulatory shake-up?
From the archives - 9/11 Terrorism: Ten years later...
A decade has passed since the attacks on the World Trade Center in New York. How has the market for terrorism policies responded and recovered in that time?
9/11 Contract certainty: The first steps taken
A rush of legal cases always followed a catastrophic loss before contract certainty was introduced. The attacks on 11 September 2001 thrust the issue into the spotlight but were other factors at play?
Post Magazine - 8 September 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Brokers witness unprecedented surge in riot-related enquiries - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include the news that property insurance enquiries from businesses have soared by up to 200% in parts of London and Manchester.
AM Best A-rates Omega at Lloyd’s
AM Best has confirmed its A rating from Lloyd’s insurer Omega but warned the rating is under review with negative implications.
Chaucer’s Ball to write property treaty
Specialist Lloyd’s insurance Chaucer has named Simon Ball as international property treaty Underwriter within Chaucer Syndicate 1084’s property division.
ABI calls for an end to the “have a go” compensation culture
Leading retailers and business groups join forces with the Association of British Insurers in calling for an end to the “have a go” compensation culture.
Post history - 10 years ago: Regulatory nit-picking lambasted
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this article from 10 years ago reveals.
View from the top: An endangered species?
UK-domiciled Lloyd’s brokers are under significant pressure. It’s always been a tough market, but the increased use of broker requests for proposals and unsolved inefficiencies are squeezing the London community further.
Post Magazine - 1 September 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Travelers shakes up its Lloyd's team
Travelers has announced a series of promotions within its Lloyd’s operation Travelers Syndicate Management.
Antares appoints new compliance chief
Lloyd’s insurance firm Antares has named Lucy Peake as its new compliance manager.
Hardy's catastrophe losses still 'uncertain'
Specialist Bermuda-based Lloyd’s insurer Hardy Underwriting has said catastrophe losses added 30 points to its combined ratio and warned revisions of estimates could paint an even worse picture.
Career development & CSR: Tower Hamlets student gets first Lloyd’s bursary award
A Tower Hamlets student is celebrating securing a place at university place thanks to funding from the Lloyd’s community programme, as new figures reveal this year’s intake will leave college with an average debt of £26 100.
Post Magazine – 25 August 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.