Lloyd’s/London
This week: No alarms and no surprises
After more than two years of contingency planning, this week’s news that a proposed Brexit deal was likely to lead to a loss of passporting was met with no more than a shrug of the shoulders.
Hyperion takes on $115m of debt to fund further acquisitions
Hyperion is to continue on the acquisition trail, having raised $115m (£88.9m) through debt.
California wildfire losses expected to hit record levels
The losses from the continuing 8 November California wildfires are expected to reach record levels, according to ratings agencies.
Interview: Ian Muress, Sedgwick International
Having left Crawford in April 2017 after 15 years at the firm, Ian Muress resurfaced in January as CEO of Sedgwick International, a claims business he describes as the largest of its kind "on the planet". He spoke to Jonathan Swift about why people…
RSA pulls out of three London market lines
RSA is withdrawing from three of its business lines as part of a restructure of its specialty and wholesale business.
Iprism chair declares turnaround complete after Gable fallout
The chair of underwriting agency Iprism has vowed that it will never work with unrated capacity again having only just got its house in order after the collapse of former partner Gable in 2016.
Analysis: Renovation fires - Learning from history
When extensive renovations are carried out on properties fire poses a risk. Rachel Gordon investigates what insurers are doing to mitigate this happening.
Week in Post: Spotlight falls on Banks
The spotlight has been on Arron Banks this week but we've also seen some major business acquisitions.
Outgoing Beazley CUO Neil Maidment to join Lloyd's board
Beazley chief underwriting officer, Neil Maidment, will take up a position on the Lloyd’s board after he retires from Beazley next month.
Beazley to withdraw from construction risks
Beazley will cease to write business on construction and engineering lines.
Barbican syndicate takes ‘hard decision’ to withdraw from multiple lines
Barbican’s syndicate will withdraw from property, marine cargo and hull, and professional indemnity insurance.
Nexus sale is 'unlikely' after BP Marsh ups share
BP Marsh increasing its stake in Nexus could mean a rumoured sale of the managing general agent is off the cards, analysts say.
Hiscox reveals $15m spend on Brexit preparations
Hiscox has spent $15m preparing for business after Brexit, the specialist insurer disclosed in its third quarter trading statement.
WTW's Nicolas Aubert on being bold to thrive in a global market
In a volatile geopolitical landscape, Nicolas Aubert, head of GB, Willis Towers Watson and current president of the Insurance Institute of London, urges the market to take the opportunity to rethink its position and think globally.
This month: Cavities and complaints
As whiplash legislation speeds through parliament, claims management companies have increasingly been looking into other avenues to keep the coffers full and cavity wall insulation claims have spiked. CMCs may be the industry’s own bugbear, but this…
Ardonagh sells commercial MGA to Arch for £31m
The Ardonagh Group will sell its commercial underwriting business to Arch for £31m.
Analysis: Insuring for Brexit
How can insurers help customers facing Brexit uncertainly when they themselves face taking a blind bet on whether the UK will face a hard or soft deal when leaving the European Union? David Worsfold investigates.
Revealed: The future of Ed and Besso under BGC
A holding company will be established for Ed and Besso, with Steve Hearn as group CEO. However the two BGC-owned brokers will remain separate companies.
BP Marsh boosts its stake in Nexus
BP Marsh's announcement of its purchase of a 1.9% stake in managing general agent Nexus.
Q&A: BLM's Matthew Harrington and Alistair Kinley
Against a backdrop of changing client demands, political uncertainty and new legislation, Jonathan Swift caught up with BLM senior partner Matthew Harrington and director of policy and government affairs Alistair Kinley to discuss how the law firm is…
Besso-owner BGC acquires Ed
Global reinsurance, wholesale and specialty broker Ed has been acquired by BGC Partners.
Global underinsurance has barely decreased in six years: Lloyd's
The total sum of global underinsurance is $163bn, according to research from Lloyd's.
Asta names former XL CEO to board
Asta has appointed Paul Jardine, former UK CEO of XL Catlin, as independent non-executive chairman.
Miller acquires fellow Lloyd's broker Alston Gayler
Miller Insurance Services has reached an agreement to acquire marine and specialty broker, Alston Gayler and Co, for an undisclosed amount.