Lloyd’s/London
Former Lloyd’s exec Langley to head government Financial Services Investment Organisation
Sue Langley, a former executive director of both Lloyd’s and Hiscox, has been named as the head of UK Trade and Investment’s Financial Services Investment Organisation.
MGA ‘fast-track’ platform launched
Castel Underwriting, a platform to fast-track the creation of MGAs, has been launched.
Willis unveils specialty capacity placement strategy
Willis has pulled back the curtains on plans for three insurers to provide additional capacity for up to 20% of the its London specialty risk portfolio.
Industry warns over reputational risk of FCA’s ‘name and shame’ policy
Regulator’s new plans could see individuals under investigation outed publicly.
Career development: LMA Academy wins full CII accreditation
The LMA Academy - the Lloyd's Market Association's professional training and development programme - has received the Chartered Insurance Institute's continuing professional development accreditation for its masterclasses and workshops, and for its…
BP Marsh reports £1.4m profit after Hyperion sale
Venture capital provider and former Hyperion investor BP Marsh has reported profit after tax of £1.4m for the six months to July 2013, down from the £2.2m reported for the same period last year.
Hardy makes senior appointment from Kiln
Hardy Underwriting has appointed Lloyd Tunnicliffe as its new property treaty business unit manager.
Equinox increases capacity by over 40%
Equinox Global has added three new syndicates to its panel and increased its underwriting capacity from $35m (£21.6) to $50m (£30.9m), effective 1 November 2013.
Marketform restructures medical malpractice division
Underwriter Marketform has reshuffled its medical malpractice division.
LMA Academy wins full CII accreditation
The LMA Academy, the professional training and development programme managed and run by the Lloyd’s Market Association has been awarded accreditation by the Chartered Insurance Institute.
Editor's comment: Your country needs you
Cuthbert Heath, one of the most innovative and influential Lloyd’s brokers, developed what we would now recognise as business interruption insurance, with the first modern policy issued in London on 1 January 1939, according to LMI Group.
Rules targeting non-UK tax residency to impact minority of Lloyd's members
New Lloyd’s rules on tax residency are likely to affect less than 10% of members, according to sources.
Kiln offers discounted cover for unmanned aerial craft
Kiln has partnered with aviation training specialist Resource UAS to offer reduced pricing on hull and liability covers for remote piloted aerial crafts.
Agencyport counts Lloyd’s as key revenue contributor
Software firm Agencyport has cited the Lloyd’s and London market as the key contributor to its 2012 revenue with 50% of its income coming from that sector.
Expert Analysis: Autumn watch
IGO4’s aggregator analysis reveals that while demand for motor quotes remains high, home insurance has stalled at a disappointing level.
Staddon named MD of the MGAA
Peter Staddon has been appointed as the first managing director of the Managing General Agents' Association.
Ambant launches MGA support firm
Ambant, the Lloyd’s of London and international insurance market services company has launched MGA service provider Ambant Underwriting Services.
IT provider Northdoor contracts with proposed syndicate
IT provider Northdoor has contracted to provide its underwriting system Ndexinsure to proposed Lloyd’s syndicate 1729 Dale Underwriting Partners.
C-Suite: Slow down and think long term
Major price swings in the motor sector in the wake of legal reform are damaging to consumer confidence.
Q&A: Richard Ward: Passing the Lloyd’s baton
Reflecting on his time at the helm, outgoing Lloyd’s chief executive Richard Ward talks about the upcoming challenges for his successor and the legacy he is leaving behind.
LMA backed by London market members
The Lloyd’s Market Association has received a vote of confidence from London underwriters, chief executives and other market members.
Lloyd's left in the shade by company market in reputation report
Catlin has been nominated the best known underwriting business and Zurich the fastest improving business, following a Gracechurch Consulting poll of more than 450 London market brokers.
Ascot recruits Navigators underwriter for marine account
Ascot Underwriting has appointed a Navigators senior underwriter to take on the role of senior vice president in New York.
Outgoing Lloyd’s CEO vows to make Aon’s sidecar deal deliver on promises
Merits of Aon’s ‘parasitic’ arrangement with Berkshire Hathaway questioned.