Lloyd’s/London
London market has 'resilience to survive $200bn loss event'
The London market has sufficient resilience to withstand a $200bn (£160bn) loss caused by two major events over a two week period, according to a stress test conducted by an industry steering group.
Aegis London secures Meco marine deal
Specialist marine insurance managing general agent Meco Group has partnered with Aegis.
McKee named as Cathedral CEO
Andrew McKee has been appointed as CEO of Lancashire’s Lloyd’s business Cathedral Underwriting.
UK boss Alan Moore hails Generali as a 'viable alternative' to corporate insurance establishment
Generali is "a sleeping giant" in terms of corporate multinational business and could position itself as a real competitor to the likes of AIG, Allianz and Zurich, says its UK head.
Ed appoints Corke as CEO of underwriting
Newly rebranded Ed has appointed Gary Corke as CEO of underwriting.
DWF secures 215 jobs through Triton purchase
Manchester-based Legal firm DWF has acquired Triton from its administrators, saving 215 jobs from the multi-disciplinary practice.
Neon boosts capacity to £75m for M&A consortium
Neon has bolstered capacity in its M&A consortium, with available capital increasing from £50m to £75m.
Beale rules out Malta as post-Brexit Lloyd's base
Lloyd’s of London has ruled out Malta as the location for a European-based subsidiary, as the market continues to narrow its focus on a post-Brexit contingency plan.
Paul Jardine replaces McMellin as XL Catlin CEO
Paul Jardine has been named CEO of XL Catlin and Catlin Insurance Company UK syndicate, succeeding Andrew McMellin.
Lloyd’s to open India branch ahead of April renewals
Lloyd’s of London is to open a reinsurance branch in India, in time for the April reinsurance renewals.
Brit launches $250m Lloyd's yacht consortium
London market insurer Brit is to lead a $250m (£202m) capacity Lloyd’s consortium for yachts.
Novae names Patel as CFO
Novae has appointed Reeken Patel as group chief financial officer and executive director.
Lloyd's has grown beyond £240m GWP in China, says Nelson
Lloyd's chairman John Nelson has said the organisation is confident it wrote more than 2bn yuan (£240m) of gross written premium in 2016 - more than double the 790m yuan in 2015.
EU and US regulators agree new bi-lateral transatlantic insurance agreement
The US and EU have agreed to reduce legal and capital barriers to boost the transatlantic insurance and reinsurance market.
Probitas appoints PI underwriter
Kiran Wignall is to join Lloyd’s underwriting syndicate Probitas 1492 as a professional indemnity underwriter in its financial lines team.
Fidelis co-founder McConachie to leave
Neil McConachie, group chief financial officer and co-founder of Fidelis, is leaving the firm.
Pardus launches Lloyd's backed contingency facility
Managing general agent Pardus has launched a contingency facility.
Pana Harrison aims for $100m premium following acquisition
Singapore-based Lloyd's reinsurance broker Pana Harrison (Asia) has acquired five person Labuan broker AIH Reinsurance Brokers for an undisclosed sum.
Lloyd's underwriters join forces to boost Bermuda property D&F capacity
Lloyd’s catastrophe-exposed property underwriter Icat and Lloyd’s underwriter Neon have teamed up in a capacity arrangement to bring additional capacity to the Bermuda property D&F market.
QBE’s Pryce joins Lloyd’s franchise board
QBE's chief of European operations, Richard Pryce, has been appointed as a non-executive director of the Lloyd's franchise board, the body responsible for the day-to-day running of the Lloyd's market.
RSG acquires Navigators' Nordic operations
Insurance services business Ryan Speciality Group has entered into a deal to buy Navigators' operations in Sweden and Denmark.
BP Marsh sells stake in Besso
BP Marsh has sold its stake in Besso, citing an inability to provide the “financial firepower” the Lloyd’s broker requires for further growth.
Inga Beale awarded damehood in honours list
Lloyd’s CEO Inga Beale has been awarded a damehood in the Queen’s New Year Honours list.
Trumped out of Iran: US politics and the London Market ‘gold rush’
One year on from the lifting of sanctions on Iran, what has changed?