Lloyd’s/London
RSG hires Argo underwriter to lead London MGA
Chicago-based insurance services business Ryan Specialty Group has recruited Argo Re underwriter Mark Peeters to lead a new London-based managing general agent specializing in directors and officers liability cover.
Brit shrugs off 'variable' market conditions after chalking up 4.9% GWP rise
Brit CEO Mark Cloutier is confident his firm will continue to deliver “healthy returns” for shareholders after the Lloyd’s insurer unveiled a 4.9% increase in gross written premium to £990.7m (Q3 2013: £944m) in the third quarter.
Editor's comment: Is London past its best?
The insurance market is on the verge of a golden era. This is according to Inga Beale, CEO of Lloyd’s, who was speaking to more than 1000 delegates at the East Asia Insurance Congress in Taipei.
Hyperion and Willis to spearhead raft of M&A activity in London Market
IPO said to be in the offing after RK Harrison deal gives scale
Report issues warning to London over threats posed by emerging markets
Market must ‘take notice and implement changes’ to compete in future
Price softening opens door for smaller Lloyd's syndicates to grab market share
Catlin Group’s primary syndicate remains the leading Lloyd’s syndicate in terms of 2013 gross written premium, although its top spot could be under threat as other operations seek to obtain fresh market share.
LMA to offer climate change seminar for CEOs
The Lloyd's Market Association's educational arm has launched a leadership programme with the University of Cambridge to explore the implications of climate change for the insurance industry.
Equinox Global expands its presence in France
Equinox Global, the Lloyd’s cover holder, has appointed Vladimir Malenic at Equinox France, which recently moved into a new central Paris office.
Equinox Global adds Amlin and The Channel Syndicate to panel
Lloyd’s coverholder Equinox Global has increased the number of carriers on its binder panel to nine after welcoming Amlin and The Channel Syndicate.
Beazley premiums remain flat, despite 1% rate reductions
Specialist insurer Beazley has maintained premium levels after the first nine months of the year, despite noting continued pressure of rates.
Heap returns to Equitas as CEO
Jeremy Heap has been appointed CEO of Equitas which manages the run off of the general insurance arm of the Lloyd's Names.
Cheesegrater cordoned off after steel bolts break
Two steel bolts have broken on London’s Cheesegrater building, home to Aon and Amlin, among other insurance businesses.
Lloyd's appoints Mark Cooper as first Dubai country manager
Lloyd's has appointed Mark Cooper to lead the market's new operation in the Dubai International Financial Centre effective February 2015.
Insurers sign up to cyber summit agreement with government
Twelve insurers have signed a joined pledge to more actively highlight cyber threats to UK businesses and work more closely with government to improve cyber security risk management.
Argenta bolsters Syndicate 2121 with double hire
Argenta Syndicate Management has appointed two UK property and liability underwriters to Syndicate 2121.
Industry welcomes PRA survey on ‘real threat’ of climate change risk
Insurers lack understanding of climate change’s implications for investments
EAIC 2014: Insurance entering golden era, says Beale
CEO of Lloyd's Inga Beale has urged insurers and reinsurers in Asia to help embrace a golden era of insurance.
Willis and Miller a good cultural fit says Hearn
Willis deputy CEO Steve Hearn has expressed confidence in the shared values and cultures between his own business and its potential purchase Miller.
London market bosses’ wish for unified representation unlikely to be realised
Insiders doubtful over aims of CEOs and COOs that were revealed in IUA survey
Deputy Editor's Comment: Looking beyond the EU rhetoric
Is it impossible for anyone in public office to talk about the European Union without expressing or feigning anger for their own side’s short-term political gain? It seems that way this week.
London company market income from overseas offices increases 10%
Insurance business written overseas subject to oversight by London operations accounted for £6.8bn of premium in 2013, a 10% increase on 2012, according to an International Underwriting Association report.
Marie-Louise Rossi: An obituary
Marie-Louise Rossi, who died last night at the age of 58, left a huge legacy for the London insurance market for which she acted as a powerful, persuasive advocate for over a decade while at the helm of the International Underwriting Association (IUA).
Cobalt boss hails AIG appetite after capacity deal
The CEO of Shariah-compliant managing general agent Cobalt Underwriting has paid tribute to AIG after the US insurer agreed a deal to provide capacity for a range of covers.
Lloyd's £500m bond issue oversubscribed
Lloyd's of London has raised £500m from a 10-year sterling Tier 2 bond after attracting almost a £1bn of orders.