Lloyd’s/London
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.
Axa Corporate Solutions plans UK push under new CEO Brown
Axa Corporate Solutions, the global division of the French insurer that focuses on large corporate risks, is planning to grow the volume of business it sources from the UK market following the hiring of London market veteran and former Aon EMEA head Rob…
RSA pushes wholesale presence in Lloyd's market
RSA is the latest insurer to push its wholesale business, with a move into the Lloyd’s building.
Lloyd's partners with modelling firms on cyber data requirements
Lloyd's has agreed a common core set of data requirements for cyber risks in collaboration with modelling firms AIR Worldwide and RMS alongside the Cambridge Centre of Risk Studies.
Lloyd's Iranian oil insurance embargo lifted
Lloyd's of London has confirmed this week that its managing agents can offer cover for the transportation of Iranian oil and petroleum products again.
Novae raids Marketform for A&H launch
Listed Lloyd's insurer Novae Group has launched an accident and health (A&H) offering with the hire of a five-strong team from Marketform.
Cobalt gets backing of Bermuda insurance group
Shariah compliant insurance provider Cobalt Insurance Holdings has received an investment boost from Bermuda-based Armour Group Holdings.
New CEO and board members for marine cargo insurer NMU
Lloyd’s marine insurer NMU has made a number of changes to its executive board, including a new CEO.
Quiz of the week – 15 January
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Beale challenges Carney on SII investment weightings
Lloyd's CEO Inga Beale has hinted the Bank of England should consider different capital weightings under the Solvency II regime depending on what a company's investment policy is.
Ironshore's Pembroke to open in Shanghai
Ironshore is to open an office in Shanghai for its Pembroke Managing Agency to join Lloyd's China platform this month.
Blog: Five reasons Sian Fisher is a good choice for CII CEO
This morning Sian Fisher was unveiled as the new CEO of the Chartered Insurance Institute.
MSIG-led D&O consortium offers £51m line size in 2016
MSIG at Lloyd's is to provide a commercial directors' and officers' liability line size of $75m (£51.3m) through the Mitsui Sumitomo Insurance Group-led excess D&O consortium at Lloyd's in 2016.