Lloyd’s/London
Swiss Re completes £1.6bn deal
Swiss Re has announced plans to acquire approximately 300 000 policies and £1.6bn in assets from American Life Insurance Company.
Kiln launches reputation restoration product
A new product designed help restore the reputation of a business following a crisis has been launched by Lloyd’s insurer Kiln.
Novae in "due diligence" over Omega merger proposal
Novae has become the latest Lloyd's insurer to consider entering merger talks with a rival.
Chaucer takeover set
The acquisition of Chaucer by The Hanover Insurance Group, set for completion by 1 July, will create a combined premium income of $4bn, and bring scale, diversity and financial strength benefits to all stakeholders, according to the Lloyd's insurer.
Insurers rail against solicitors' PI burden
The insurance market should not bear the burden of "regulating the solicitors' profession" due to insufficient regulatory intervention, the Association of British Insurers has warned.
Penny Black's insurance week
Still fresh in the mind, this month's Biba conference was awash with the usual rumours that started on stands and, by the second night, were sworn gospel.
Lloyd's & London Market - Remuneration: War of the words
Lloyd's brokers are on the defensive after controversy surrounding commissions and fees re-emerged. But as underwriters demand clarity once and for all, are buyers happy as long as premiums stay low and their own charges stay transparent? Ralph Savage…
Post magazine – 26 May 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
LMA announces new board members
Lloyd’s Market Association has announced the results of its 2011 board election.
Transatlantic to launch UK personal lines brand - Insurance News Now – 26 May 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories that include how Transatlantic Re is poised to launch a new UK personal lines general insurance venture to capitalise on hardening premium rates in the motor market.
Whittington sponsors launch of Sirius Lloyd’s Syndicate 1945
Lloyd’s managing agent Whittington Capital Management is sponsoring the launch of a new Lloyd’s syndicate. Syndicate 1945 will be supported by Sirius International Insurance, the Swedish reinsurer that is a member of the White Mountains Insurance Group.
Xchanging restructures UK business
Business process outsourcing company Xchanging has restructured its UK business.
Lancashire unveils new $250m reinsurance vehicle
Lancashire Holdings has today announced that it will launch Accordion Reinsurance, a fully collateralised side car quota share reinsurance arrangement with what it describes as "an innovative capital draw down feature".
BMS grows US wholesale team
Broker BMS Group has recruited Glencairn property boss Ian Gormley to help grow its US wholesale business.
Lloyd’s recreates underwriting room in Warsaw
The historic Lloyd's Underwriting Room has been recreated in Warsaw at an event in Poland.
Chaucer bolstered by rate rises across UK and energy portfolios
Chaucer this morning reported gross written premium income of £274.1m for the first quarter of 2011 (2010 Q1: £250.1m).
Hebburn and Hiscox among winners at first ever Claims Awards
Roy Hebburn, divisional claims manager (technical) at Allianz was handed the inaugural achievement award at last night’s Claims Awards ceremony.
Schemes: Scheming for success
Schemes business requires significant investment to make it work and underwriters are not prepared to tolerate poor profitability. But, as Jane Bernstein reports, the benefits are many and it remains attractive to brokers.
Mitsui steps up mid-market regional push
Mitsui Sumitomo is poised to open its doors in Birmingham as part of its regional mid-market push, ahead of the unveiling of its new property-led product for this target segment in quarter four. The news follows last month's four-strong recruitment in…
Ryan secures "direct access to Lloyd's" with acquisition
Illinois-based Ryan Specialty Group has secured a place in Lloyd's after confirming it has entered an agreement with Jubilee Group to acquire 100% of its share capital.
Jubilee confirms sale to Ryan
Jubilee Group has been sold to Ryan Specialty Group for an undisclosed sum.
Post magazine – 19 May 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Consumer insurance reforms will make it harder to turn down claims - Insurance News Now – 19 May 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how, according to MP Jonathan Evans, the first changes to consumer insurance legislation in more than a century will prevent insurers from “hiding behind”…
CGSC sets up Antwerp marine broker
Cooper Gay Swett & Crawford has established a specialist marine insurance broker, Junge Verzekeringsmakelaars, in Antwerp.