Lloyd’s/London
Travelers joins IUA
Travelers Insurance Company has become the latest firm to join the International Underwriting Association.
Sompo Japan in talks to buy Canopius
Japanese general insurer Sompo Japan is in advanced talks to buy Lloyd's insurance group Canopius for around £600m ($970m).
Lloyd’s CEO announcement expected Monday
Lloyd’s is set to name its new chief executive on Monday, Post understands, with Canopius group chief executive Inga Beale the front runner for the role.
Icat appoints new active underwriter
Icat has appointed Megan McConnell as active underwriter for Syndicate 4242 at Lloyd’s.
Lloyd's MGA Lime Underwriting to offer financial lines
US Risk (UK), which owns Oxford Insurance Brokers and James Hampden International, has started Lime Underwriting, a managing general agent at Lloyd’s, for the UK and international financial lines sectors.
Gorkana founder backs insurer network
Insurance social network My Slipcase has gained backing from the founder of public relations site Gorkana, less than 18 months after launching.
Patria Re targets London market with new office
Mexico City-based Latin American insurance and reinsurance specialist Patria Re has opened a new marketing office aimed at the Lloyd’s and London market.
Review of the Year: Lloyd’s: 325 not out
After celebrating its 325th birthday this year, Lloyd’s is still looking to innovate. Key figures in the market review the past 12 months and look forward to the coming year.
LMA power group opens up to companies market
The Lloyd’s Market Association will open up members of its newly-formed power generation panel to the companies insurance market.
Canopius unveils new head of international liability insurance
Reinsurance underwriter Canopius Group has appointed Andrew Pooley as head of its international liability insurance line.
Departing Lloyd's CEO Ward named chairman of Brit
Lloyd’s chief executive Richard Ward will take up the position of chairman at Brit Insurance Holdings once he steps down from his current role at the end of the year.
Plan to double R&Q's 2014 capacity to £150m gains Qatari support
Randall & Quilter has secured the capital to support its business plan to double its capacity to £150m for the 2014 underwriting year of account for its first party syndicate DTW 1991.
Kiln and Tokio Marine Europe join forces
Kiln and Tokio Marine Europe have merged to form one insurer called Tokio Marine Kiln Group.
Industry wish list asks government to include insurance in education
ABI, Biba and Lloyd’s in talks with government over fuelling growth in market.
Interview: Ian Parker: Taking the scenic route
Ian Parker’s search for the right firm took him across the globe before he finally found his ‘sweet spot’ with Equity. The chief executive tells Post why the insurer is such a perfect fit.
Amlin UK's CEO to retire in 2014
Amlin UK’s chief executive Brian Carpenter will be retiring in 2014.
Lloyd's appoints DCS Global as ECF conversion supplier
Triton Global’s claims division DCS Global has been selected by Lloyd’s as its preferred supplier to enable the market to optionally convert many of its 33 000 remaining paper claims files to electronic claims files.
Beazley unveils upgraded D&O cover
Beazley has broadened its directors and officers cover to include regulatory investigations and inquiries.
Asta confirms launch of two syndicates for 2014
Asta is launching two Lloyd’s syndicates for 2014, Axis Syndicate 1686 and Duncan Dale Syndicate 1729.
Insurers urged to stay vigilant on avoiding sanctions violations
Accountancy firm Moore Stephens is urging insurers to remain vigilant in avoiding sanctions violations or risk facing penalties after positive signals that international sanctions on Iran are relaxing.
Insurers praise speed of London market response to Nairobi mall attack
The speed of the London market response to September’s Nairobi shopping mall siege demonstrates its authority in reacting to terrorist events, those involved in the response have told Post.
Canopius announces claims units reshuffle
Canopius has moved to align its claims operations more closes with its three business units of global property, global specialty and UK retail, including announcing an internal promotion for the role of UK retail claims head.
Q&A: Craig Cannonier and Bob Richards: Bermudian bigwigs
Bermuda’s Premier and Finance Minister discuss the island’s insurance industry and its relationship with the UK market.
Lloyd’s: A period of adjustment
In a challenging year for the market, how is Lloyd’s responding to regulatory changes, international competition and the potential threat posed by passive underwriting structures?