Lloyd’s/London
Helios acquires Charmac Underwriting
Helios Underwriting has acquired the Lloyd's limited liability vehicle Charmac Underwriting for £2.24m in cash.
Lloyd’s fines Amlin £630,000 for premium trust deed breach
Lloyd’s has fined Amlin Underwriting £630,000 for breaches of the Lloyd’s premium trust deed.
LMA leads industry call for data protection law change
The Lloyd’s Market Association has coordinated an industry response calling for the Information Commissioner's Office to change its guidance over incoming data protection rules from the European Union.
QBE and Proteus to work with Steadfast for marine
Australian broking group Steadfast has signed an agreement with marine underwriting agency Proteus and insurance giant QBE for marine lines.
Brussels move will affect fewer than 100 staff at Lloyd's
Lloyd’s of London anticipates fewer than 100 staff will be needed to operate its European post-Brexit subsidiary, chief financial officer John Parry said.
Lloyd’s sees underwriting hit following £2.1bn major losses
Lloyd’s has seen underwriting profits slip on the back of major claims of £2.1bn last year.
Lloyd’s confirms Brussels as post-Brexit destination
Lloyd’s has confirmed it will be setting up a new European business in Brussels following the government’s decision to invoke Article 50.
Lloyd’s body recommends Brussels as EU destination
The Lloyd's Franchise Board has recommended that the market chooses Brussels as the location of its post-Brexit subsidiary, Post understands.
Nelson: Regulatory burden hampers Solvency II
The regulatory burden imposed upon insurers by Solvency II hampers a fundamentally good regulatory framework, Lloyd’s chairman John Nelson has said.
Markel hires marine liability underwriter in Singapore
International (re)insurer Markel has hired a senior marine liability underwriter for its Asia-Pacific operation
Former QBE Europe CEO Burns named Novae non-executive director
Novae has appointed Steven Burns as an independent non-executive director, to take effect from 31 March 2017.
LMA adds five to board
Five C-suite level executives have been elected to the Lloyd’s Market Association board.
Hannover Re acquires Argenta syndicate
Hannover Re is to acquire the Lloyd’s managing agent and holding company Argenta for an undisclosed sum.
Neon launches marine and offshore construction consortium
Neon has launched a marine and offshore construction consortium, underwritten by Mireille Dolonen.
Lloyd's to announce post-Brexit hub by the end of March
Lloyd’s of London will reveal the location of its post-Brexit base by the end of this month, Post understands.
We Specialty and Hiscox collaborate on political risk
French managing general agency We Specialty has partnered with Hiscox to cover political violence, terrorism and political risk.
Lloyd’s and Arium develop long-tail liability model
Lloyd’s has teamed up with modelling company Arium to enable insurers to better model long-tail liability exposure.
Bishopsgate names Gordon Newman as executive chairman
Lloyd’s broker Bishopsgate has appointed Gordon Newman as executive chairman.
Fiducia boosts marine cargo MGA with senior underwriters
Marine cargo managing general agent Fiducia has appointed Angela McCluskie and David Heeney as underwriters.
UK regulators must actively support market on Brexit: Aubert
The UK's regulators need to actively promote London as a key insurance market, the chairman of the London Market Group has said.
Dominick Hoare replaces Jardine on Lloyd’s Council
Dominick Hoare, chief underwriting officer for the Munich Re Syndicate has been elected to the position of corporate-external member to the Council of Lloyd’s.
Government must 'fight fire with fire' over Brexit business
The UK government needs to "fight fire with fire" when it comes to keeping business within the City of London during Brexit negotiations.
LMG seeks new EU cross-border deal for market
The London Market Group has called for a new trade deal between the UK and the European Union that will allow insurers to operate across borders.
Novae hit by US catastrophes and Ogden as profit drops 45%
Novae has described its 98.3% pre-Ogden 2016 combined operating ratio as disappointing while the Lloyd's (re)insurer's investment portfolio performed well.