Lloyd’s/London
Nexus forms Lloyd’s consortium
Nexus Underwriting Management has converted its subsidiary Argo Financial Products in to a Lloyd’s Consortium.
S&P: Omnibus II will stabilise insurer rating environment
Standard & Poor's today said it believes the European Commission's publication of its proposed revisions - known as Omnibus II - to the Solvency II directive, will have a stabilising impact on the market.
Brit share deal extended for fifth time
Achilles' has extended the deadline by which Brit shareholders can accept or decline the private equity consortium’s offer for the company for a fifth time.
Antares names new marine account boss
Specialist Lloyd’s insurer Antares has promoted John Potter to the role of marine hull, energy and liability account manager.
Lloyd's insurer Amlin to acquire underwriting agency Lead Yacht
Amlin has entered into an agreement to acquire Lead Yacht Underwriters from members of its board of directors. The transaction remains subject to the approval of the change of control by the Financial Services Authority.
Jubilee employment tribunal fails to reach conclusion
The employment tribunal battle between Jubilee Managing Agency and former finance and operations director Kate Lewis is set to rumble on after the hearing ran over its allotted time.
Ironshore expands European political risk insurance team
Ironshore has appointed Donald Harkey to head the political risk unit for Ironshore Europe, based in Dublin.
Ex-Lloyd's insurer CEO denies sexism claims
Former Jubilee group chief executive Clive Buesnel has denied claims that he planned to relieve Kate Lewis of some of her duties because of her gender when she held the post of finance and operations director.
Editor’s comment: Pioneering times
It is somewhat fitting that Post includes an interview with Hiscox chairman Robert Hiscox in the same week that Royal Bank of Scotland Insurance announces its plan to make a play for one his firm’s traditional heartlands, the mid and high-net-worth space…
Penny Black’s Insurance week
Stars don’t come much bigger than David ‘Goldenballs’ Beckham. And Penny was delighted to hear Becks was back in his homeland, enjoying the hospitality of his boyhood club Tottenham Hotspur.
Interview – Robert Hiscox: Opinions of the insurance industry
Robert Hiscox is never one to hold his tongue. When Daniel Dunkley met him to talk about current market conditions, he was as forthright as expected on the FSA, ABI, government policy and price-matching practices.
Former Jubilee boss denies sexism claims at tribunal
Former Jubilee group chief executive Clive Buesnel has denied claims that he planned to relieve Kate Lewis of some of her duties because of her gender when she held the post of finance and operations director.
Motor claims: Can insurers stem the rising cost of whiplash claims?
With 93% of GPs seeing patients they believe to have exaggerated injuries in order to make a claim, Leigh Jackson asks how insurers can stem the rising cost of whiplash cases.
Lloyd's Jackson tour payout hinges on manslaughter verdict
The multi-million-pound payout from the London insurance market for cancellation cover on Michael Jackson's This Is It tour is likely to now hinge on whether the late singer's doctor is convicted of involuntary manslaughter, Post has learnt.
Lord Levene: Solvency II to cost Lloyd's £300m
Lloyd's of London expects to spend £300m preparing for the European Union's new Solvency II capital rules for insurers, Lord Levene, Lloyd’s chairman, has said.
RBS Insurance targets direct HNW market with ‘Select’ launch – Insurance News Now – 27 January 2011
Post reporter Amy Ellis outlines the main news from this week's issue of Post, which includes the introduction of Direct Line Select.
Post Magazine – 27 January 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Michael Jackson insurance pay-out hinges on legal case
The multi-million pound payout from the London insurance market for cancellation cover on Michael Jackson’s ‘This Is It’ tour could hinge on whether the late singer’s doctor is convicted of manslaughter, Post has learnt.
Amlin acquires JR Clare
Amlin Corporate Services has completed the acquisition of JR Clare Underwriting Agencies.
Hiscox puts UK winter freeze bill at £16m, but on track for healthy profit
Hiscox today reported that although 2010 was marked by many significant and expensive catastrophes, most of these occurred in areas where it had deliberately reduced exposure due to weak rates.
ONS cites snow and construction decline for 0.5% drop in Q4 GDP
The UK's Gross Domestic Product decreased by 0.5 per cent in the fourth quarter of 2010, compared with an increase of 0.7 per cent in the previous quarter.
Guernsey rejects idea of equivalence under Solvency II
The authorities in Guernsey have no plans to seek equivalence under Solvency II, according to the Guernsey Financial Services Commission and the States of Guernsey Commerce and Employment Department.
Brit Insurance share deal deadline extended - again
Brit shareholders have more time to decide whether to accept an offer from Achilles after the deadline was extended for a fourth time.
JLT launches South African arm with the aim of being 'market leader'
Jardine Lloyd Thompson has unveiled plans to set up a new South African company.