Lloyd’s/London
Torrance joins Novae board as NED
Former Allianz CEO Andrew Torrance has been appointed as independent non-executive director to the board of Novae Group, effective 1 March 2016.
Lloyd’s CRO: Brexit could damage London market
A vote to leave the European Union in the forthcoming UK referendum could fundamentally damage the London market, according to Sean McGovern, Lloyd's CRO and general counsel.
The Post Power List 2016
In a year where regulation, natural disasters, consolidation and cyber/digital again look set to make waves, and when the country could learn if it’s in or out of the European Union, Post had a mind mapping session – with a bottle of wine – to see who…
Tokio Marine Kiln expands Birmingham-based underwriting team
Tokio Marine Kiln has appointed Mark Bradshaw from Zurich and Owen Shelley from Aviva to underwriting roles in the Midlands.
MGA venture by Cunningham Lindsey gets MGAA backing
Cunningham Lindsey will support managing general agents with a new service designed to assist with regulatory requirements and back office functions, a move that has been welcomed by the Managing General Agents’ Association.
Storms cost Aspen £17.8m in Q4
Aspen Insurance Holdings paid out $25.7m (£17.8m) related to UK floods in the quarter ended 31 December 2015 as it reported a combined ratio of 99.6% for the period.
LSM looks within for senior underwriting hire
Liberty Specialty Markets has promoted Mike Gosselin to chief underwriting officer for specialty.
Aon international broking revenue falls 10% to $2.76bn despite organic gains
Aon has today reported its international broking arm – which includes the UK – saw revenue fall 10% to $2.76bn (2014: $3.05bn) in 2015. A figure that jumps to 12% less currency impact.
James, Maidment and Swatman elected to Council of Lloyd's
Lloyd’s has confirmed the election of three new members to the Council of Lloyd’s.
Allied World CEO bemoans ‘challenging year’ as 2015 profits plummet
Global insurer Allied World recorded a significant fall in net income from $490.3m (£337.6m) for the full year in 2014 to $83.9m in 2015.
Blog: It's Superbowl 50 - the insurance market as NFL teams
With the climax of the NFL season this weekend to commemorate Superbowl 50 I wondered: If these insurance names were American football teams, which franchises would they be?
Beazley reports 87% COR as it prepares for London HQ move
Lloyd's insurer Beazley saw its profits and gross written premiums increase for the year ended 31 December 2015 while its combined operating ratio improved to 87% (2014: 89%).
Munich Re releases €1.4bn of reserves as it records €3.1bn profit despite Ergo struggles
Munich Re this morning reported a consolidated profit of €3.1bn (£2.5bn) (2014: €3.2bn) for 2015 on gross written premiums of €50.4bn (2014: €48.8bn).
Rank: 7 - Inga Beale, CEO, Lloyd’s
Leading the way for women now Jacqueline McNamee is no longer at AIG, Beale is putting all her efforts into making sure her employer remains a pre-eminent global brand at the forefront of innovation.
Gallagher to snub 'major' deals in 2016 and may raise up to £300m from debt markets
Arthur J Gallagher chairman, president and CEO Patrick Gallagher Junior has today said the firm has no “large deals on its plate” and that any buys would be “tuck in” ones.
Canopius retail boss Tim Rolfe to step down next month
Canopius retail CEO Tim Rolfe is to depart the specialist Lloyd’s market company at the end of March after more than five years in the retail hot seat, Post can reveal.
Personal and commercial profit pressures spark insurers' wholesale interest
Growth ambitions have been pegged as the main driver behind prominent UK insurers expanding their wholesale market presence with competitive personal and commercial lines conditions forcing insurers to deploy capital elsewhere.
Canopius rebrands as Sompo Canopius
Canopius today unveiled a new visual identity and confirmed that it is now operating under the brand Sompo Canopius.
Lloyd's extends broker sessions in Singapore
Lloyd's has extended its open trading sessions at its new Singapore hub in Capita Green.
LMA outlines focus for 2016
The Lloyd’s Market Association will focus on delivering several initiatives this year, specifically electronic placing support and the Oasis catastrophe loss modelling platform.
Trade Voice: Fair’s fair
The call to action for #FairnessForAll is not an unattainable ideal.
Europe: March of the European giants
European insurers have huge influence in the UK, so how are their strategies set to unfold?
Mitsui to complete Amlin takeover next month
Mitsui Sumitomo Insurance Company's £3.47bn acquisition of Amlin is expected to complete on 1 February.