Lloyd’s/London
Beazley boss still expects mid 90s COR despite major losses
Lloyd's insurer Beazley this morning said premiums reduced by 3% to $426m (2010 $438m) in the first three months of 2011, with premium rates on renewal business decreasing by 1%.
Chaucer rating unchanged as largest shareholder rejects bid
AM Best Europe has said that the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084 and the ICR of “bbb” of Chaucer Holdings are unchanged following the announcement that the board of CH has…
Brightside looks to diversify as talks held with Arch
Brightside is in talks to add Arch Capital to its panel of commercial insurers, as the broker aims to move into a series of new risks in its commercial portfolio.
Confusion over Solvency II as FSA revises model plans
Solvency II experts have voiced concerns over the uncertainty surrounding the incoming European Union legislation, after the Financial Services Authority revealed revised plans for its handling of internal model applications.
Directors jailed for £1m insurance fraud
Two directors at the centre of a £1m insurance fraud have been jailed for a combined sentence of 10 years at Southwark Crown Court.
Post history - 30 years ago: Insurers face £10m bill for Salem loss
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this article from 30 years ago reveals.
Lloyd’s names Lord Levene successor
City veteran John Nelson is set to take over from Lord Levene as chairman of Lloyd’s in October.
TfL confirms insurance panel
Transport for London has selected 27 insurance companies that will provide its cover in an agreement worth a combined £24m.
Post magazine – 21 April 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
MoJ and mobile operators join forces to eliminate text pests - Insurance News Now – 21 April 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including an announcement that the MoJ is to set up a dedicated working group with the UK’s major mobile firm operators to tackle the problem of unsolicited text…
Chaucer accepts Hanover bid
US firm The Hanover Insurance Group has had a £313m bid to acquire Chaucer accepted.
BMS launches Pioneer Underwriting with Liberty Syndicates
BMS has launched a new Lloyd’s managing general agent - Pioneer Underwriting - in conjunction with Liberty Syndicates.
Aon Benfield: reinsurance capital hits all time high at year end 2010
The total global reinsurer capital reached an all-time high of $470bn (£288bn) at December 31, 2010 – a 17% increase over the 2009 period, according to Aon Benfield.
RFIB appoints aviation broker
Neil Coldwell has been appointed as an aviation broker at RFIB Group.
Lloyd’s confirms Nelson appointment
Lloyd’s has confirmed that John Nelson will become chairman of the insurance market in October replacing Lord Levene.
HDI-Gerling swoops for Ace manager to open second UK office
Industrial insurance company HDI-Gerling has announced the creation of its second UK regional hub in Birmingham, England.
Lloyd’s lines up next chairman
John Nelson, the former investment banker who chairs Hammerson, the FTSE 100 property company, is being lined up as the next chairman of Lloyd's of London, according to Sky News.
Kiln launches first carbon credit insurance product
A carbon credit insurance product developed by Parhelion Underwriting was underwritten by Kiln for a major international bank last week.
NIG underwriter joins Plum
Household insurance specialist Plum Underwriting has hired two underwriters.
The Channel Syndicate names marine boss
The Channel Syndicate has appointed Iain Macleod as head of its marine division.
Solvency II and data management: the debate
If you missed this week's live webinar debating Solvency II and the issue of data management - it is now available for viewing on-demand.
Kiln announces syndicate merger
Underwriting group Kiln is to merge its Lloyd’s syndicates 807 and 510.
Markel launches 'direct' arm aimed at low premium clients
Markel UK, the retail division of specialist insurer Markel International, has launched Markel Direct as it seeks to bolster its multi-distribution operating model.
Marine piracy at all time high, with Somalia leading hot spot in Q1 2011
Piracy at sea hit an all-time high in the first three months of 2011, with 142 attacks worldwide, the International Chamber of Commerce International Maritime Bureau’s global piracy report revealed today.