Lloyd’s/London
Equitas settles largest remaining exposure
Equitas said it has settled its largest remaining direct asbestos exposure. The policies of McDermott International subsidiary The Babcock & Wilcox Company, which is undergoing Chapter 11 reorganization, were paid off for $415m (£221m) in trust to a…
Lloyd's set for double launch
Lloyd's is set to receive a boost with the prospective launch of two new syndicates, Post Magazine h...
LMA in transparency pledge
The Lloyd’s Market Association said an agreement with the European Commission will create greater transparency in the London aviation market.
Senior staff from Lloyd's brokers join new board
Senior staff from Lloyd's brokers and managing agents have joined a new board to drive the adoption ...
Lloyd's escapes from the Last Chance Saloon
Franchising
LMA merger promises one voice for Lloyd's
The Lloyd's Market Association has merged with the Lloyd's Motor Underwriters' Association (LMUA). T...
LLoyd's Market Association confirms decision
News in Brief
LMA and IUA edge to merger
The creation of an over-arching trade association for the London market, including both Lloyd's and ...
LMA merger promises one voice for Lloyd's
The Lloyd’s Market Association has merged with the Lloyd’s Motor Underwriters’ Association (LMUA). The move makes the LMA the one, definitive association responsible for representing the interests of all the managing agents and syndicates operating…
Alex Forbes plans business shake-up
Alexander Forbes Risk Services is piloting a number of regional centres of excellence as it looks to...
Alea shocks market with claims admission
Deteriorating claims in professional liability and US casualty reinsurance have been blamed for a sh...
CBI predicts industry job cuts
Financial services companies expect to cut jobs at the fastest rate for two years, according to a ne...
Trading conditions favourable for Kiln
Underwriting conditions remained favourable in 2004 and the initial stages of the 2005 renewals season indicate that underwriting discipline in the market is being maintained according to Kiln in a trading statement issued today.
Lloyd's bodies agree partial TOBA solution
The Lloyd’s Market Association has announced an interim solution for Terms Of Business Agreements (TOBAs) following negotiations with the London Market Insurance Brokers’ Committee (LMBC).
Markel announces senior promotions
Markel Corporation has appointed executive vice president and chief administrative officer of Markel International, Richard Whitt, to the position of senior vice president and chief financial officer of Markel Corporation effective May 2005.
Lloyd's Kinnect signs up two new customers
Lloyd's secure risk data transfer system Kinnect has signed up a further two new customers. Managing...
PwC threatens more legal action over Indie millions
The liquidator of Independent Insurance has warned all brokers with outstanding commitments to the c...
Penny Black's insurance week
With Independent Insurance back in the news, Penny did some digging to see if there were any chance ...
Events
13 January Insurance Institute of London lunchtime lecture - Financial Services Lloyd's Old Librar...
Events
11 January Insurance Institute of London lunchtime lecture - Market Issues Threadneedle Street, Lo...
Events
11 January Insurance Institute of London lunchtime lecture - Market Issues Threadneedle Street, Lo...
Lloyd's broker goes into liquidation
Manning Williams, a Lloyd's insurance broker employing around 70 people, has gone into liquidation. Christopher Morris and Nick Hood of insolvency specialists Begbies Traynor have been appointed as joint liquidators.
FSA challenge: Lloyd's responds
Lloyd's chief executive Nick Prettejohn, speaking in response to John Tiner's challenge to the industry to address the issue of contract certainty said: "Improved contract certainty including fully agreed policy wordings is critical to the health of the…
Penny Black's insurance week
Penny heard whispers this week that Lloyd's is expecting to welcome two new syndicates in 2005, desp...