Lloyd’s/London
Penny Black's Insurance Week - 17 March 2016
Penny is feeling empowered as a women after spending Friday at the Southbank’s Women of the World festival of diversity.
Sompo Canopius hires from Chaucer for Asia head of engineering
Global specialty insurer Sompo Canopius has hired Wah Chuang Ng to become head of engineering for its Asia operations.
Post Digital Insurance Collective Blog: Design thinking, feeling uncomfortable and three centuries of caffeine fuelled innovation
Following last week's Digital Insurance Collective meeting, I promised to put together a blog consisting of my top eight take homes from my discussions and observations. So here are my thoughts, please share your own in the comment box below.
Inga Beale: ‘I started to behave like a man to fit in'
Lloyd's CEO Inga Beale has spoken of the challenges she faced working in the London insurance market in the 1980s at a gender equality festival in London today (11 March).
Sompo Canopius mulling sale of motor business KGM
Sompo Canopius is considering the sale of KGM, its UK motor insurance business.
Novae reports improved 2015 COR and GWP
Novae Group has reported a marginal increase in profit before tax of £54.9m (2014: £52.4m) and an improved combined ratio of 90.8% (2014: 91%) for the year ended 31 December 2015.
Starstone reports 383% jump in 2015 earnings
The Starstone Group has reported a significant increase in full-year net earnings for the year ended 31 December 2015 from $4.3m (£3m) in 2014 to $20.8m in 2015.
New Hiscox MGA to focus on professional indemnity and motor
Hiscox will this year set up a managing general agent in the UK focusing on areas outside its underwriting appetite, including some classes of professional indemnity and motor insurance.
Hiscox reports 6.5% pre-tax profit fall as GWP rises
Hiscox’s pre-tax profit dropped by £14.9m to £216.1m in 2015 as the company reported increased gross written premiums of £1.94bn (2014: £1.75bn).
Lancashire's Maloney to lead subsidiary Cathedral Capital
Lancashire Group CEO Alex Maloney is to take on the CEO role at Lancashire subsidiary Cathedral Capital, the holding company for Cathedral Group.
Editor's Comment: The gloves are off
Mayor of London Boris Johnson’s relationship with London’s corporate sector has featured both highs and lows during his tenure so far.
QBE drawing up ‘Brexit’ contingency plans
QBE Insurance Group is currently drawing up contingency plans in the event of a ‘no’ vote in the forthcoming UK referendum on continued membership of the European Union.
Continuing soft rating environment reflected in London market results
Full-year results released by London market players to date are reflective of the continuing soft rating environment and companies' reserve releasing strategies, according to analysts. In addition, questions have been raised over whether inflated company…
US sanctions strong disincentive for Iranian cover despite lifting of EU restrictions
Banks' reluctance to process payments is a major barrier for insurers wanting to conduct Iran-related business following European Union sanctions relief last month, while legal research has found remaining US primary sanctions are quelling the appetite…
London market at odds with Mayor Boris over EU vote
Key bodies in the London market have sought to emphasise that ‘Brexit' from the European Union could see the capital lose international business, in the wake of London Mayor and Conservative MP Boris Johnson's decision to support the ‘leave' camp in the…
#PostPeople: 23 - 29 February 2016
All the latest insurance industry market moves between 23 and 29 February 2016 in full and in one place.
Blog: Super hero insurance takes on the DC and Marvel Universes
With Marvel's Deadpool currently setting the cinema box office alight, and plenty more comic adaptions on the way starting with Batman versus Superman in March, I thought it might be time for some Friday fun.
‘Challenging environment' takes toll on Brit's 2015 profits
Lloyd's insurer Brit saw its post-tax profit plummet to $15.6m (£10.8m) in the 12 months ended 31 December 2015 from $229.3m in 2014.
Lancashire reports GWP and profit fall for 2015
Lloyd's insurer Lancashire Holdings has reported a 29% decline in gross written premiums for the 12 months ended 31 December 2015, as net operating profit dropped to $173.4m (£121.1m) from $231.9m in 2014.
Lancashire chairman Thomas to step down
Lancashire Holdings chairman and director Martin Thomas is to step down from both positions following the company's annual general meeting on 4 May.
New home in Cheesegrater for Brit
Specialty insurer Brit has completed its move to the iconic Leadenhall Building in London.
#Postpeople: 16 - 22 February 2016
All the latest insurance industry market moves between 16 and 22 February 2016 in full and in one place.
Brit to lead US partner to $175m capacity
Brit will help increase capacity at US-based Ambridge Partners to $175m (£120m), with the specialty insurer acting as lead partner to increase Ambridge’s transactional liability facility.
Industry will have time to deal with business implications of Brexit
Market commentators are divided over whether it is too early to start contingency planning ahead of the planned referendum on the UK's membership of the European Union, despite a senior Lloyd's official warning the sector to be prepared for all possible…