Lloyd’s/London
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.
RFIB adds two in "talent" push
Lloyd’s insurance and reinsurance broker RFIB has announced the appointments of Charles Vermont as a broker in its specialty division and Jeannette Smith as associate division director to its North American division.
Penny Black's insurance week
This weekend, Harris Balcombe will sponsor football club Southport's Blue Square North tussle against Hyde, which could see the division's leaders take another step towards a return to the Blue Square Premier.
30 years ago: Computer lawsuit is delayed
Lawsuits between Lloyd's underwriters and South Western Bell Telephone Company in the US over computer leasing risks are unlikely to be tried until later this year.
Lloyd's hosts Tower Hamlets public speaking competition
Lloyd's hosted the final of the annual Tower Hamlets public speaking competition where Year 10 students gathered to give their views on the topic 'Social networking sites: harmful or empowering?'.
CSR - microinsurance: Small wonder
Traditional insurance has typically focused on affluent markets, mainly in Western industrialised countries, but insurers willing to go off the beaten track could find microinsurance a rewarding addition to their business, writes Ana Paula Nacif.
View from the top: Staff cutbacks mean that we all pay the price
Recent events with Quinn Insurance have proved once again that choice often comes at a price. Solicitors, as many industries in the UK, are facing tough times. Income is down, claims are up and there is not much light at the end of the tunnel. Hard-hit…
Johnson to head affinity
Oxygen has appointed Howden's former divisional director, Steve Johnson, as head of affinity.
Start-up targets IT and media
Aquila Underwriting has launched an underwriting platform offering specialist liability, business interruption and crisis management policies for media content, intellectual property and IT security risks.
Beazley moves to USD
Lloyd's insurer Beazley is to change its reporting currency to US dollars for the 2010 financial year onward.
Cooper Gay on the up
Cooper Gay has reported group revenue growth to £100.5m (2008: £77.9m), an increase of 29%. EBITDA grew 8% to £19.9m (2008: £18.4m).
Tories vow we will create "most competitive tax system in the G20"
The Conservative Party today outlined its ambition is to create the most competitive tax system in the G20 within five years.
Nexus hires financial lines duo
Nexus Underwriting Management has hired two senior financial lines underwriters from Brit’s Lloyd’s Syndicate 2987.
Cooper Gay revenue grows 29%
Cooper Gay has reported its annual results for the financial year ending 31 December 2009.
Ace extends environmental offering
Ace UK has launched an environmental protect policy offering coverage for both SMEs and multinational operations.
Beazley changes reporting currency
Lloyd's insurer Beazley is to change its reporting currency to US dollars for the 2010 financial year onward.
Poland Central Bank governor in crash that killed Polish president
The governor of the Poland’s Central Bank is the latest major political figure to be found in the Polish plane crash that killed the country’s president in Russia this weekend.
XL targets Irish mid-market
XL Insurance has launched a Dublin-based underwriting operation for middle market casualty business.
Former Willis director joins RFIB
A former executive director from Willis, Karl Haynes, has joined RFIB Group as director of international claims. Mr Haynes was at Willis for more than 25 years, most recently within its marine division with responsibility for the international, trade &…
Torus appoints marine head
Torus has appointed Demian Smith as global head of marine with immediate effect. Reporting to chief underwriting officer of global specialty Dermot O’Donohoe, Mr Smith will facilitate the expansion of Torus’ specialty offering through the set up and…
Biba clarifies members' position over limitation of liability
The British Insurance Brokers’ Association has launched a new publication to provide clarification to brokers on the issue of limitation of liability when advising clients.
HSBC duo joins Lonmar Global Risks
Lonmar Global Risks has revealed David Gray and Simon Henderson will be joining the company from HSBC Insurance Brokers to lead the accident and health division, within the non-marine business.