Lloyd’s/London
BWS and Oxygen launch London market broker
Brokerage World Solutions and Oxygen have joined forces to launch a new London market intermediary.
Two thirds of businesses "concerned" over prospect of hung parliament
Nearly two thirds of businesses (65%) are “concerned” or “very concerned” about the potential impact of a hung parliament, according to the British Chambers of Commerce’s latest monthly business survey.
Safeonline acquires IP firm Samian
Independent Lloyd’s insurance broker Safeonline, has acquired Samian Underwriting Agencies.
Zurich puts quake bill at $200m
Zurich announced today that based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200m before tax.
Willis names new director at first Irish AGM
Willis has appointed Michael Somers as a director of the company and member of the risk committee of the board of directors.
Ex Swiss Re ILS head joins Willis for capital markets push
Willis has appointed Bill Dubinsky as managing director and head of insurance-linked securities for its Willis Capital Markets & Advisory arm.
Amlin takes 25% stake in new Charles Manchester MGA
Charles Manchester, former CEO of Dickson Manchester and HCC International, has teamed up with Michael Cant, previously director at Saturn Professional Risks, to form a new MGA called Manchester Underwriting Management.
Hiscox backs new underwriting start up
White Oak Underwriting Agency has commenced underwriting, initially targetting the 'automobile and mobile equipment industries'.
10 years ago: Service standards are blasted
Today's London insurance market has "completely unacceptable service standards", with both documentation and claims payments far too slow.
Lloyd's gears up for launch of comprehensive career schemes
Initiatives are well under way at Lloyd's to enhance its educational offerings. Lynn Rouse details the latest projects designed to boost career and competency development.
Insurers urged to keep up pressure
Lloyd's has warned there is still "more to do" to drive down the Solvency II capital requirements despite the European Commission's move to ease the burden under the latest quantitative impact study.
MGA chief scoffs at PI 'lemmings'
Lloyd's insurer Amlin has backed a new underwriting agency which has been set up by the former chief executive of HCC International, Charles Manchester.
Top 5 Post stories
The top five most popular stories on postonline.co.uk over the last week were:
Airline body slams lack of co-ordination over volcanic groundings
The International Air Transport Association has criticised European governments for what it claims is a "lack of leadership in handling airspace restrictions in light of the Icelandic volcano eruption". It urged a re-think of the decision-making process.
Biba 2010: the London Market View
With this year¹s Biba conference being held in the capital, Post thought it appropriate to ask a number of companies traditionally more associated with the London market why they are exhibiting and what they hope to get out of the event. This week we…
Start up lines up Deutsche Bank and Macquarie for UK float
Long Bay Re, a newly established Class 3 reinsurer registered under Bermuda law, has announced its intention to float on AIM.
Post Europe Interview: Anne-Sofia Hedin
Sweden has attracted a lot of attention recently, not least because of RSA's growth plans there and the opening of a new Lloyd's representative office. Lynn Rouse speaks to Markel's general manager in Sweden Anne-Sofia Hedin to get a better of idea why…
Marsh raids Willis to bolster South east operation
Marsh has bolstered its Maidstone office with a raid on rival Willis.
Broker on the look out for teams after being granted Lloyd's status
Independent Services Group, the London-based reinsurance service provider today said its subsidiary, Independent Broking Solutions, had received approval to be a registered Lloyd’s Broker.
New Irish Regulator challenges Quinn to "show me the money"
The new Financial Regulator Matthew Elderfield yesterday challenged Quinn to “show him the money”.
FTSE 100 reaches highest level since 2008
On Wednesday afternoon the FTSE 100 broke 5800 for the first time since 2008, fueling speculation that the UK is seeing a sustained upturn in its economy.
Rowell suspends Lloyd's start-up plans
Former Beazley boss Johnny Rowell has postponed plans to re-enter the market with a Lloyd’s syndicate start-up.
Quinn given hope over UK insurance return
The Financial Regulator has offered Quinn Group some hope that it may be allowed to reopen for insurance business in the UK, albeit in a limited capacity.
Offshore insurers deny cutting rates to win ex-Quinn business
Two unrated offshore insurers said to be among the key beneficiaries of Quinn¹s problems in the UK have hit back at suggestions they are underpricing risks to win commercial business previously underwritten by the Irish firm.