Lloyd’s/London
Post Magazine – 28 July 2011
This week the Post team reports on the confusion over reports in the Irish press that Quinn Insurance founder Sean Quinn has acquired a Malta-based insurance licence and as set to launch new company Q2 in competition with his former business which fell…
Swiss Re denies Quinn links as regulators probe claims – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories.
US legislative changes offer opportunities for London Market
Legislative changes in the US could present “significant” business opportunities for London market companies, according to the International Underwriting Association.
Ace reports 40% fall in net income at the half year mark
Ace has recorded net income of $607m (£370) in the second quarter of 2011, a drop of 10% on Q2 2010.
Lancashire to redomicile from Bermuda to the UK
Lancashire Holdings today announced that it plans to move to UK tax residency.
QBE raids Amlin for new European boss
QBE has appointed Patrick Coene as managing director, European Markets.
Aon claims the aviation market remains stable, with premiums up 1%
Aon Risk Services has reported that average lead hull and liability prices in the airline insurance market have been relatively stable so far in 2011, held in check by the low level of losses and abundant market capacity.
AM Best Europe recruits new MD
Stefan Holzberger has joined AM Best’s European business in the role of managing director, analytics.
Brit still in profit at H1 2011 despite 15.5% COR hit for major claims
Brit Insurance has this morning reported that its profit before tax was £6.8m for the first six months of 2011 (30 June 2010: £77.5m). Excluding the effect of foreign exchange on non-monetary items it was £1.6m (30 June 2010: £72.8m).
RFIB recruits new international boss from Price Forbes
RFIB Group, the Lloyd’s insurance and reinsurance broker, has recruited Andrew Hutchings as divisional director in RFIB International.
Fitch affirms Lloyd's IFS rating at A+
Fitch Ratings has affirmed Lloyd's insurer financial strength rating at 'A+'.
Blasts prompt rethink over Indian appetite
Insurance claims arising from the recent terrorism attack in Mumbai are unlikely to have an immediate impact on rates, according to market observers.
Sport - Olympics: The Olympic challenge
With only 12 months to go until the opening ceremony, Rachel Gordon attempts to break through the veil of secrecy and assess the insurance industry's role in the London 2012 Olympics.
Post history - 20 years ago: Australian coast escapes Kirki oil spill
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
Public sector - Insurance procurement: Strength in numbers?
Will the Insurance London Consortium succeed where its predecessor failed and provide the blueprint for public sector procurement? asks Edward Murray.
Paladin pull out provokes upset from market brokers
Paladin Underwriting Agency's managing director Bill Adamson is on gardening leave after exiting the Lloyd's business, Post has learnt, after policy cancellation leaves brokers incensed.
Lockton's literary scheme
As part of the Lloyd's community programme, Lockton's London associates have been helping girls at Mulberry School for Girls in Tower Hamlets for the past four years, offering help with their reading and mentoring them.
Post Magazine – 21 July 2011
This week the Post team reports on DAS’ decision to close the Amicus Legal office in Colchester, a move which will cost 21 people their jobs.
Amicus to close Colchester office in efficiencies push – Insurance News Now – 21 July 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including DAS’ decision to close the Amicus Legal office in Colchester, a move which will cost 21 people their jobs.
Global Takaful contributions set to rise
Global Takaful contributions are expected to reach US$12bn by the end of the year, according to analysis by Ernst & Young.
Catastrophe rates on the rise as insurers look to recoup losses
Catastrophe rates are on the rise as insurers attempt to recoup heavy losses, however, non-catastrophe accounts with good loss experience remain highly sought after, according to a Marsh report published today.
AM Best: "Smooth" Solvency II transition will help Lloyd's
AM Best has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China).
Lonmar appoints new board member
Independent Lloyd’s broker Lonmar today announced the decision to appoint Alan Newall on to the board.
Lloyd's broker THB still on the hunt for deals despite AmWINS interest
Lloyd's broker THB this morning reported that fees and commissions were up 6% to £26m for the 6 months to 30 April.