Lloyd’s/London
Beazley's Lam moving from Hong Kong to Singapore
Beazley's senior specialty lines underwriter Gordon Lam will be moving to the insurer's Singapore office.
Aspen says Endurance's offer 'undervalues' company
Bermuda-based insurer Aspen's board of directors has rejected an unsolicited takeover proposal from Endurance Specialty Holdings.
Thompson appointed to Argenta Syndicate Management board
Argenta Syndicate Management has appointed David Thompson to its board with effect from 1 April 2014.
Aon CEO defends merits of sidecar deal
Aon’s chief executive has defended the firm’s sidecar deal with Berkshire Hathaway in his first speech at Lloyd's since the broker moved its headquarters to London.
Four insurers subpoenaed in Iran sanctions probe
Four US insurers have been subpoenaed by New York’s Department of Financial Services as part of its investigation into potential sanctions breaches involving Iran.
Markel explores Asian contingency insurance opportunities
Lloyd's insurer Markel International is seeking opportunities to provide event cancellation insurance cover in Asia.
Allied World launches Lloyd's MGA
Allied World Assurance Company has received approval from Lloyd's, the Prudential Regulation Authority and the Financial Conduct Authority to launch its own Lloyd's managing agenct.
Nelson confirms Lloyd’s insurers have started paying MH370 claims
Lloyd’s chair John Nelson has confirmed market insurers have begun paying out claims relating to the loss of Malaysia Airlines flight MH370.
Helios increases underwriting capacity with Bernul acquisition
Helios Underwriting has acquired Lloyd’s limited liability member Bernul for £0.8m.
Brit IPO raises £240m for shareholders
Lloyd’s insurer Brit has priced its shares at 240p each as part of its IPO which has raised around £240m for shareholders.
Helios boosts syndicate profit forecasts
Helios Underwriting has increased forecasts for syndicate profits for 2011 and 2012, adding an additional £300 000 of profits to the mid-point of forecasts.
Lloyd’s forecasting tough 2014
A combination of high catastrophe claims and weak investment income has led Lloyd’s to forecast a challenging 2014 for the market in spite of today announcing a £3.2bn profit.
Brokers risking regulatory fines due to ‘misunderstanding’ of Bribery Act
Compliance experts issue warning following penalties for Besso, JLT and Aon.
Barbican to boost UK capacity with Inter Hannover deal
Barbican is to grow its UK P&C division through a capacity deal with Inter Hannover.
Lloyd’s profits up 14% following record GWP
Lloyd’s has recorded profits of £3.2bn for 2013, up 14% on a previous year equivalent of £2.8bn in 2012, after reaching a new record high of gross written premiums.
Prettejohn linked with Lloyds Bank non-exec seat
Nick Prettejohn is to be named a non-executive at Lloyds Banking Group according to a report from the Financial Times.
Missing Malaysian plane unlikely to affect rates in aviation market
Fate of Malaysia Airlines flight MH370 unknown after disappearing on 8 March.
Advent appoints Cooke as cargo underwriter
Lloyd’s insurer Advent has appointed Gary Cooke as a cargo underwriter in its marine division.
Equity Syndicate reports 12.6% capacity loss for 2011
Equity Syndicate 218 has closed its 2011 account year with a 12.6% loss of capacity.
Gable to underwrite commercial surety bonds
Gable has completed an agreement to underwrite specialist commercial surety bonds within the UK and European Union.
Beazley Syndicate 623 reports $18.6m total gains increase
Beazley Syndicate 623 reported an $18.6m (£11.1m) increase in its total gains for 2013, rising to $61.4m from $42.8m in 2012.
Managing General Agents: Tightening up
Most sectors of the insurance industry audibly groan when presented with the possibility of increased regulation – so why are managing general agents welcoming the prospect?
Kerry London posts 25% rise in Ebitda
Broker Kerry London Group posted a 25% rise in Ebitda from £1.8M to over £2.3M in 2013.
Barbican recruits Chaucer global energy head
Barbican has named Chaucer global head of energy as the underwriting manager of its own energy division.