Lloyd’s/London
Lloyd’s buys back £102m of debt securities
Lloyd's will repurchase the local currency equivalent of £102m of its outstanding debt securities, following its invitation to holders to submit offers to sell their holdings. Lloyd's had offered to purchase up to £100m of the securities.
New chairman at the CII’s London Market Faculty
David Gittings has stepped down as chairman of the Chartered Insurance Institute's London Market Faculty board, and that the new chairman is Adrian Ballardie of Tokio Marine Global.
Max Capital adds two underwriters to Lloyd's syndicate
Max Capital has said that senior underwriters Clive Hatto and Hugh Sprowson have joined Max at Lloyd's Ltd, the Lloyds managing agent for Syndicates 1400, 2525 and 2526.
Appointment at Brit Insurance
Brit Insurance has appointed Neil McMillan as class underwriter for property liability within its ...
Higher and higher
Lloyd's & the London Market
Ex Marsh CEO to head up Lloyd's broker
Specialist broker THB Group has appointed a new chief executive for its London-based Lloyd's broking operation Thompson Heath & Bond Limited.
Prince's Trust ILG hits £4.3m
The Prince's Trust Insurance Leadership Group raised £1m in the financial year 2008/09 via 42 insura...
Pembroke launches electronic infrastructure insurance
Ironshore's Pembroke Syndicate has launched its Electronic Infrastructure Insurance (Eii) product. This will provide cover to businesses for lost revenue and increased costs following a cybercrime, software failure or human error using an IT system.
Liberty snags risk management exec from Canopius
Liberty Syndicates, the Lloyd's of London arm of US insurance giant Liberty Mutual, said it has appointed Jamie Crookenden to the position of underwriting risk manager.
Brit grabs underwriter from Canopius
Brit Insurance said it has appointed Neil McMillan as class underwriter for property liability with its global markets business.
Pembroke approval
Lloyd's insurer Pembroke has been given approval to increase its underwriting capacity by 30%, the c...
Pembroke allowed to increase capacity by 30%
Lloyd's insurer Pembroke has been given approval to increase its underwriting capacity by 30%, the company said in a statement.
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Marsh still unsure of Biba future after joining rival
Marsh is still in talks about renewing its membership to the British Insurance Brokers' Association,...
Pembroke confirms Liberty hires
As revealed by Reinsurance in October last year, former Liberty Syndicates duo Quentin Prebble and Grant Witheat have joined Ironshore-owned Lloyd's syndicate Pembroke.
GI sector optimistic despite sharp fall in other business levels
The UK financial services sector has been hit by record drops in income levels while business volumes have continued to fall sharply, according to research by PricewaterhouseCooper.
Liiba claims to represent 98% of London market after split from Biba
The London and International Insurance Brokers' Association today said that more than 120 firms have joined it following its formation at the end of last year to represent brokers in the London insurance market. Between them these members represent 98%…
Appointment at Red 24
Red 24 has appointed Eric Smith as a specialist advisor to its food clients, guiding on all aspect...
Argenta heads to Asia
Argenta Holdings has formed Singapore-based service company Argenta Underwriting Asia, under the Llo...
CEO Smith steps down from Swinton
Swinton chief executive Patrick Smith is to step down from his position, although he intends to rema...
Tokio Marine expects net income to slump
(BESTWIRE) - Tokio Marine Holdings Inc. [50962] said its net income is expected to fall 95.4% to 5bn yen ($52m) for the 2008 fiscal year which ends March 31, 2009, due to continuous price fluctuations in stock and foreign exchange markets.
Argenta opens new Singapore office
Argenta, the Lloyd's (re)insurer has formed a Singapore-based service company, Argenta Underwriting Asia Pte Ltd (AUA), under the Lloyd's Asia Scheme, which will act as a regional coverholder for Syndicate 2121.
Brokers tipped to follow NMB in LLP status move
A number of Lloyd's brokers are considering changing their status to limited liability partnerships ...