Lloyd’s/London
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Charles Taylor goes live with MGA service
Charles Taylor Insurance Services has launched a new service enabling independent underwriters to establish their own managing general agents.
View from the top: New syndicates essential if Lloyd’s market is to thrive
As Lloyd’s tackles the thorny issue of distribution, perhaps a fundamental issue is that it must encourage the market to continue to rejuvenate by enabling the creation of new syndicates.
Lloyd's ECF claims pass 80% target
The percentage of insurance claims managed but Lloyd's Electronic Claims File system has reached 83%, an 8% year-on-year increase.
Comment: Mind the Watford Gap
Web-based technology means the Lloyd's market can afford to look beyond London
LMG extends electronic approach
The London Market Group has extended its electronic endorsements initiative to all classes of business. Brokers can send all endorsements in every class electronically, and insurers will be able to respond to them.
Christchurch one year on: a forgotten city?
A year on from the earthquakes in New Zealand, while the Christchurch disasters may be slipping out of public consciousness, the work to rebuild the city continues.
Commercial Insurers: Global Compliance - Airmic's proposed database raises questions
With global compliance still a major concern for risk managers, will Airmic's proposed database soothe corporate clients?
A winning combination: interview with Paulino Fajardo and David Pollitt
Davies Arnold Cooper and Beachcroft merged in late 2011 under the DAC Beachcroft banner. Paulino Fajardo and David Pollitt discuss the tie-up and their plans for the future.
Watchdog set to probe KPMG over Equity Red Star audit
The Accountancy and Actuarial Discipline Board is investigating KPMG's auditing procedures of Lloyd's of London syndicate Equity Red Star.
Beazley's 623 reports 21% 2009 return
Beazley's managing agency Beazley Furlonge said its Names syndicate 623 returned 21% on capacity for 2009, but that 2010 would be nil return and 2011 just 2.5% because of catastrophes.
London Market OKs electronic endorsements
The London Market Group has announced that the electronic endorsements initiative will extend to all classes of business from 5 March 2012.
Lloyd's international director quits for CEO role overseas
Jose Ribeiro, director of international markets at Lloyd's, will be leaving in May to take a new chief executive role overseas.
R&Q takes Syndicate 1208 from Equity
Randall and Quilter has reinsured-to-close the former 2007 year of account of Syndicate 1208 into the 2012 year of account of Syndicate 3330.
Commercial Underwriting: Future Frontiers - the world of tomorrow
With the UK commercial insurance market poised to undergo significant change, management consultancy Oliver Wyman visited the year 2022 as part of its Future Frontier Insurance report to glimpse the future of the sector.
In Series: Emerging Markets - India: a land of opportunity
With the economy in India struggling less than those of its Western counterparts, coupled with a rise in consumerism, the insurance industry has major opportunities open to it
Commercial lags behind personal as major insurers reveal their 2011 hands
The results season is more than halfway through and, while analysts have highlighted the increased profit in personal lines despite market saturation, they claim commercial is lagging behind and could worsen.
Markerstudy to expand non-UK motor MGA offering
Markerstudy is to complete a number of deals with managing general agents in the non-UK motor market in the coming months.
Brit 'schtum' on UK sale as profits and GWP drop in 2011
Brit Insurance has reported a profit before tax of £75.8m in 2011 (2010: £116.4m) on gross written premiums of £1.5bn (2010: £1.53bn).
IAG reports loss of $7m for H1 2012, as CEO hails improvement
Insurance Australia Group has reported that its UK arm made an underwriting loss of Au$7m for the six months to 31 December 2011.
Markerstudy backs ex-KGM underwriter's MGA
Former KGM underwriter Colin Hart has secured £25m underwriting capacity from Markerstudy for his UK motor managing general agent Xpekt.
Lancashire CEO Brindle "cautiously optimistic" for 2012 after $219m year end profit
Lancashire has reported an 8.2%, or $56.8m, drop in gross written premium to $632.3m in 2011.
Swiss Re P&C operating income halves despite $1.3bn reserve releases
Swiss Re has seen its property and casualty operating income almost halved in 2011 to US$1.28bn (US$2.47bn).
Interview: Opportunity knocks for Capita's Brent Escott
Having set up, run and sold insurance businesses, Brent Escott is now embarking on a new challenge at the outsourcing giant.