Lloyd’s/London
Cooper Gay unveils UK restructure
Cooper Gay has restructured its UK business, Cooper Gay & Co, into three core trading units to form what it hopes will be a "stronger and more streamlined platform" for growth.
Sagicor hit with $36.2m catastrophe loss in Q1
Sagicor “still expects” to record a profit during 2011 despite producing a loss in the first quarter following exceptional natuaral catastrophes affecting its property & casualty book.
Gallagher's crashes UK top 10 broker table with £97m Heath swoop
Arthur J Gallagher has confirmed it has completed the acquisition of Heath Lambert in a £97m cash deal.
Catlin Q1 GWP bolstered by Swiss start-up as UK/London dips 10%
Catlin this morning reported that it had seen an 11 per cent increase in gross premiums written ($1.4bn or £860m) and that over half (52 per cent) had been written by non-London/UK underwriting hubs.
Lloyd's reveals £2.34bn claims hit from quakes, tsunami and flooding
Lloyd’s has today announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia.
Amlin sees GWP rise by 13.7%
Amlin saw its gross written premium (before deduction of brokerage) up 13.7% for the four months ended 30 April 2011 at £1.1bn (30 April 2010: £964.0m).
Post history - 50 years ago: Largest cover on a single vessel
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Energy - overcapacity: Getting plugged in
The energy insurance sector is buzzing at the moment, but Rachel Gordon investigates whether the good times are sustainable.
Broker redomiciling: The case for migration
With the UK becoming an increasingly expensive place to do business, David Coupe questions whether more brokers will look to move abroad.
Sponsorsip - Olympics: Fencing fantastic
Since securing a five-year sponsorship package with Lloyd's insurer Beazley at the beginning of the year, prospects for the British fencing team have never looked brighter. The Beazley deal is valued at £1m and runs until the end of 2015.
Post history - five years ago: Monument chief quits in two months
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 5 years ago reveals.
Post magazine – 12 May 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Endsleigh faces High Court onslaught over claims costs - Insurance News Now – 12 May 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the potential £30m High Court battle facing Endsleigh following its alleged failure to provide “technically accurate” claims handling for Southern Rock and…
Biba 2011: Jubilee launches A&H trading portal
Jubilee Managing Agency has launched a dedicated trading portal for brokers offering a range of accident & health and speciality products supported by unique commission and profit share arrangements today at the Biba Conference in Manchester.
Biba 2011: A round-up of all the conference news
With the British Insurance Brokers' Association conference underway in Manchester Post breaks the news as it happens.
Biba 2011: TGSL enters London market
Insurance software house Transactor Global Solutions has confirmed a joint venture with G2 Associates and its formal entry to the London insurance market.
Biba 2011: Aviva, Ecclesiastical and Jubilee unveil online launches
A number of new online initiatives have been unveiled today at the British Insurance Brokers' Association conference to help broker either trade or market themselves better.
Biba 2011: Catlin targets UK brokers with 'Select' and 'Online'
Catlin has today unveiled a brand new suite of products aimed specifically at UK brokers.
Biba 2011: Trade body renews PI deal and teams up with Jelf
The British Insurance Brokers' Association has renewed its professional indemnity accredited broker panel, and launched a new private medical insurance offering.
Paraline CEO to step down
Paraline chief executive Jack Graham is set to step down from his role with the newly-launched Bermuda-domiciled insurance group on 1 July.
Munich Re still predicting 2011 profit despite €2.7bn Q1 nat cat hit
Munich Re posted a consolidated loss of €948m (£834m) for the first quarter of 2011 (previous year: profit of €485m).
Hiscox UK GWP up 8% on back of direct success and Dual tie-up
Hiscox’s gross written premiums year on year reduced by 8.0% to £453.5m (2010: £504.1m)for the first quarter. The insurer added this was "expected" as the it "maintained underwriting discipline and walked away from poorly rated risks".
Hastings' Utley, Go Compare's Parsons and Sabre's Morris all enter Rich List
Former IAG UK CEO and current Hastings chairman Neil Utley has entered the Sunday Times Rich List top 1000 today at 430= with a fortune of £160m.
Willis sees profits slide by $170m due to review charge and other one off costs
Willis reported net income for the first quarter of 2011 fell to $34m (£20.6m), compared with $204m in the same period a year ago.