Lloyd’s/London
Career development & CSR news: Lloyd's pledges brighter London futures
Lloyd's has installed an eight-foot high signpost in its underwriting room to advertise its new three-year partnership with local charities Bromley by Bow Centre and the Prince's Trust.
Equinox Global recruits underwriter
Start-up specialist trade credit general managing agent Equinox Global has appointed Glenn Sexton as senior underwriter.
LMA hails Lloyd's success
The chairman of the Lloyd’s Market Association Barnabas Hurst-Bannister has told the Association of Lloyd’s Brokers in Chicago that the Lloyd’s market is now “ahead” of its competitors when it comes to its approach to process modernisation.
XL CEO announces $1bn share buyback as it reports Q3 figures
XL has reported its property and casualty operations recorded a combined ratio of 94.9% in the third quarter of 2010, bolstered by reserve releases.
Lloyd's broker THB sells motorsport division in MBO
The board of specialist insurance and reinsurance broking group THB Group today said it had reached agreement to sell THB Clowes to the Lloyd's broker Ellis Clowes & Company, headed by Karen Ellis.
Synergy appoints new business development director
Synergy Insurance Services has announced the appointment of Giles Fairmann as business development director.
Former Lloyd’s of London CEO joins L&G
Nick Prettejohn, Lloyd’s of London CEO between 1999-2005, has joined Legal & General as an independent non-executive director, with effect from 2 November 2010
Towergate duo joins Marsh
Towergate-owned Broker Network’s head of business development has joined Marsh to head up its UK network arm, Pro Broker.
ECIC unveils new underwriting boss
The Electrical Contractors’ Insurance Company has appointed Richard Forrest-Smith to the new position of chief underwriting officer.
LMG confirms next steps for electronic endorsements
The London Market Group is planning the wider roll-out of electronic support for endorsements during 2011.
Former Atradius staff launch trade credit MGA
Lloyd’s, Aspen and Liberty Mutual have joined the panel of a new managing general agent to enter the trade credit insurance market.
Lloyd’s branch of The Royal British Legion looks to break record
The Lloyd's branch of The Royal British Legion is hoping to raise £150 000 for this year’s Poppy Appeal on London Poppy Day, Thursday 4th November.
Aon blames "economic conditions" for 11% drop in UK revenue in Q3 2010
Aon has reported that its UK broking business recorded a 11% drop in commission and fees in the third quarter of 2010 to $148m (£92.7m) (Q3 2009: $167m) with an 8% downturn in organic revenue.
Ace CEO Greenberg ups full year forecast after "positive" progress in 2010
Ace Insurance Group has reported $14.9bn gross written premium for the nine months ended 30 September 2010 compared with $14.7bn last year.
XL names Hendrick as strategic growth head
XL Group has appointed Gregory Hendrick as executive vice president, strategic growth, effective immediately.
Lloyd's backs Prince's Trust Insurance Leadership Group
The Prince's Trust Insurance Leadership Group has secured the backing of Lloyd's in a major funding deal for the next three years. Under Lloyd's new Brighter Futures for Londoners partnership The Prince’s Trust and the Bromley By Bow Centre will receive…
BP Marsh posts profit boost
Venture capital provider BP Marsh has announced consolidated profit of £1.4m for the first half for the financial year – up from a loss £1.8m last year.
Novae teams up with Lloyd's broker to launch new MGA Gladstone
Lloyd's broker Besso Group has launched a managing general agent named Gladstone Underwriting, to provide an online commercial underwriting facility.
Aspen hit by reserve strengthening in financial and professional lines
Aspen has announced that its insurance segment recoirded an underwriting loss for the third quarter, which excludes investment income, of $13.4m £8.5m) compared with an underwriting profit of $20.9m in the third quarter of 2009.
Willis Group nine month profit remains static at $357m
Willis Group has reported net income from continuing operations for the nine months ended September 30, 2010 was $357m ($226.4m), compared with $357m, in the same period a year ago.
AIG announces succession plan for CEO role
AIG has announced that chairman, Steve Miller, would step in as interim CEO of AIG for as long as it takes to identify and select a long-term replacement, if the incumbent Bob Benmosche is unable to continue in the role.
Postscript – 30 years ago: Lloyd’s waits on computer lease figures
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Lloyd's Name's hidden gold
A former Lloyd's underwriter has had more than £1m worth of gold and cash seized by the New Zealand courts to pay for debts incurred almost 20 years ago.
Interview - Andrew Mckee: Planning for the next stage
Having taken over at Lloyd's insurer Mitsui, Andrew McKee talks to Jonathan Swift about his plans to move the company on, a decade after it launched.