Lloyd’s/London
Novae H1 2010 results reveal 50% bounce in investment returns
Novae Group's interim results have been boosted by strong investment returns.
Lancashire shrinks property book by 35.4% in Q2 2010 results
Lancashire Holdings this morning reported a fall in gross written premium, net written premium and net operating profit to $232.1m in the first half of 2010 to $232.1m (H1 2009: $241.9m), $218m (H1 2009: $238.7m) and $77.8m (H1 2009: $103.3m)…
Hardy profit nosedives in first half results
Hardy Underwriting Bermuda's profit before tax has fallen to £0.8m (H1 2009: £7.8m) after it was hit by a string of catastrophic events.
IUA welcomes US financial services reform
The International Underwriting Association of London has stated new US legislation will help London Market companies writing surplus lines business.
Former Lloyd's broker sentenced to 3½ year jail term in fraud case
A former Besso broker has been jailed for three-and-a-half years after siphoning close to £1m of client money, according to reports.
Torus targets London market with new casualty head from Aon
Torus has appointed David Whyman as senior vice president, UK head of casualty, based in London.
XL CEO bemoans "anemic" pricing as it unveils 2010 Q2 results
XL has reported its operating income was $242.6m in the second quarter of 2010, compared to $291.4m in the second quarter of 2009.
Ropner launches ship repairers liability product
The Ropner Yacht Team, part of Ropner Insurance Services, has announced the launch of a first party ship-repairers liability insurance product for individual yacht owners and underwriters.
Postscript - 10 years ago: Aggressive start to new solicitors' PI
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Postscript - 30 years ago: P&I club braced for record loss
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.
Aon UK reports an 8% decrease in commission and fees
Aon has reported an 8% decline in commission and fees for its UK arm in the second quarter of 2010 to $167m (£106.9m) (Q2 2009: $181m).
Brit CEO: shareholders are key, not my own future
Brit Insurance has boosted profits and reduced its overall book, in what is expected to be its last set of results before its sale to Apollo Management.
Liberty Syndicates enters UK motor market
Liberty Syndicates is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
Cooper Gay targets binder growth
Cooper Gay has laid out plans to double the number of binding authorities it handles worldwide within three years.
Asda signs up Leeds law firm for liability work
The Leeds office of Forbes Solicitors has announced that Asda has become a new client of the firm.
Gallagher International announces latest acquisition, SBA
Gallagher International has acquired Australia-based natural resources risk management provider Specialised Broking Associates for an undisclosed sum.
Aon results highlight 8% fall in broker's UK revenue
Broking giant Aon today reported an 8% decline in commission and fees for its UK arm, in the second quarter of 2010 to $167m (Q2 2009: $181m).
Broker JLT boss Dominic Burke hails Australasia arm as revenue and profits rise
Jardine Lloyd Thompson this morning reported a 21% rise in revenue to £377.8 (H1 2009: £313.0) and an underlying trading profit of £70.7 (H1 2009 £57.8m) up 22%.
APC launches office product for Irish broker market
Commercial insurance underwriting agency APC has launched a new office product specifically designed to cover Ireland’s traditional and home based businesses.
Willis UK sees growth after several negative quarters
Willis Group has reported net income from continuing operations for the quarter ended June 30 was $89m, compared with $87m in the same period a year ago.
Aon Benfield boss joins GC France
Philippe Renault will join Guy Carpenter as president and chief executive of its Paris operations,
Torus expands European operation
Torus has appointed Esther Fittinghoff as professional lines manager and Kurt Fleischmann as senior casualty underwriter.
Ace CEO sees opportunities despite slow economic recovery
Ace today reported net income for the first six months of 2010 was $1.432bn (2009: $ 1.102bn) and increase of 30%.
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…