Lloyd’s/London
QBE boss acclaims "leading edge" property underwriting deal
QBE has developed a combined rating and geographical risk system which it claims will help its property underwriters deliver more accurate pricing for clients.
Aon warns food industry of walking "blindly" into China media storm
Businesses in the EU involved with importing or selling food and beverage products from China are walking, often blindly, into a potential legal and media storm, according to Aon.
Tysers on the move
Lloyd’s broker, Tysers, has announced that the company is moving out of its office on Camomile Street, where it has been conducting business for the last 28 years.
Lloyd's insurer Chaucer raids Willis for new COO David Mead
Lloyd's insurer Chaucer Holdings has appointed David Mead as chief operating officer of Chaucer Syndicates, Chaucer's Lloyd's managing agency and main operational subsidiary, from 1 November 2010.
Apollo and CVC make new offer for Brit
Brit Insurance has received a new offer of £10.75 per share on cash from a consortium consisting of Apollo Management and funds advised by CVC Capital Partners.
Collins Stewart: main reinsurance markets will continue to soften
Collins Stewart hosted a call with Alistair Lockhart-Smith, MD of JLT Re, for feedback from Monte Carlo on Thursday afternoon.
London remains "key location" for insurance industry
A new report into the issue of domiciles for property & casualty insurers and reinsurers has found access to markets was overwhelmingly the key criteria.
Hardy appoints property underwriters
Hardy Underwriting Bermuda has recruited two underwriters within its non-marine property division of its Lloyd’s Syndicate 382.
Charles Taylor wins LMA contract
Charles Taylor Insurance Services and Xchanging Claims Service have been selected by the Lloyd’s Market Association to provide claims services to address non-moving claims on behalf of managing agents.
Brit global markets unit promotes trio
Brit Insurance has made new appointments within its global markets strategic business unit.
Ecclesiastical turns focus onto core UK business
Ecclesiastical intends to focus on developing its core UK business, having opted to close its London market operation.
MSIG announces three appointments
Mitsui Sumitomo Insurance Underwriting said that as part of an ongoing strategic development programme in the UK and Europe, is has made three new senior appointments in PI, business planning and reinsurance.
Lloyd’s moves underwriting room to Dublin for industry event
Lloyd’s recreated its underwriting room in the Dublin Convention Centre for ‘Meet the Market’ day, the first event of its kind in Ireland.
AM Best affirms ratings of Omega
Omega has announced that AM Best has removed from under review with negative implications and affirmed the ICR of “bbb” of Omega and the FSR of A-(Excellent) and ICR of “a-“ of Omega Specialty Insurance Company Limited.
Markel extols value of ECF
A pilot project led by Markel International has found the time taken for lawyers to recover fees from insurers can be "slashed" using the Electronic Claims File system.
Report finds "convergence" between Lloyd's and Bermuda markets
Lloyd’s and Bermuda represent distinct and different approaches to underwriting, but that their work practices and risk evaluation methods are showing signs of convergence.
Fineos release softens impact of ECF2 delays
Fineos Corporation, a provider of core software solutions for London Market, insurance and government social insurance, today announced the launch of a range of enhancements to its claims solution, in the face of the stated delay in the launch of the…
Lloyd's chief calls on industry to engage with regulators
Lloyd’s chief executive Richard Ward has called for the reinsurance industry to take active role in regulatory debate.
WCM appoints independent non-executive
Lloyd’s managing agent, Whittington Capital Management, has appointed Jim Ramage as an independent non-executive director.
Marsh adopts Sequel software
Marsh has replaced heritage technology systems within its London market business with one broking software package.
10 years ago: Ace pulls plug on life syndicate
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Cunningham Lindsey New Zealand CEO: clear up could take “years”
Speaking to Post from Christchurch, New Zealand, Martyn Norrie, chief executive of loss adjuster Cunningham Lindsey’s New Zealand operation, said the operation to restore the city to normality could take “years”, considering government planning and…
Cobra slides back into profit
Cobra has returned to a pre-tax profit in the 12 months to 31 March 2010.
Ecclesiastical London market business to go into run-off
Ecclesiastical is to put its London market business into run-off.