Lloyd’s/London
Travelers hires ex-Catlin director for aviation division
Travelers has appointed David Watts as head of general aviation for Travelers Syndicate Management, Syndicate 5000 at Lloyd’s.
Costa Concordia righted
The operation to set the Costa Concordia on its keel has succeeded, after taking all of Monday and most of the night.
Jubilee and ANV to combine Lloyd’s operations
Ryan Specialty Group and ANV have announced plans to combine their Lloyd’s businesses, ANV Syndicate Management and Jubilee Managing Agency.
Skuld sees H1 post-tax profits climb $10m
Marine insurer Skuld has seen combined post-tax profits for its P&I and commercial business climb more than five-fold on a year-on-year basis.
Costa Concordia salvage begins
The operation to right the Costa Concordia is underway today, after beginning at 07.00 GMT.
Asta appoints new non exec
Asta Managing Agency, the Lloyd’s leading third party syndicate manager, announces that Andrew Hubbard has joined the board as an independent non executive Director with effect from 01 September.
Willis unveils seafarer repatriation policy
Broking giant Willis has launched a new liability policy to cover costs from repatriating stranded seafarers.
Interview: Julian James: Creating an Allied World
Six months into his role as president of Allied World Europe, Julian James is targeting new lines and new regions as he plans to build a bigger and stronger business
Penny Black's Insurance Week - 12 September 2013
Penny was fascinated to see Scottish knitwear brand Lyle & Scott announce a bold new strategy for choosing its next CEO - Twitter.
Lancashire shareholders back Cathedral buy
A £266m acquisition of Cathedral Capital looks set to go ahead after shareholders of Lancashire Group voted overwhelmingly in favour of the deal.
Shariah compliant MGA closing in on QBE capacity deal
The chief executive of a newly launched shariah compliant managing general agent has revealed the business is close to adding support from QBE Europe and a further “major” underwriter to existing capacity from XL.
Argo International swoops for Willis wordings specialist
Lloyd’s insurer Argo International has recruited Willis wordings specialist Jill Unsworth.
Lloyd's boss warns flood of investment could undermine stability of market
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, according to Lloyd's chairman John Nelson.
Canopius H1 GWP spikes 54% after UK retail growth
Gross written premiums soared more than 50% year-on-year for the first half of 2013 at Canopius, with UK retail growth cited as key to the improvement.
Insurers urged to comply as US regulator turns to Lloyd’s in Iran sanctions inquiry
The New York regulator’s request for information on sanctions breaches from Lloyd’s of London indicates the watchdog’s attentions have shifted away from banks and onto insurers, market insiders have warned.
Market Moves: Brokers lead the charge again as Bluefin and US Risk add fresh faces
Brokers dominated the recruitment space once again this week, with Bluefin and Howden among the firms to add new faces. Having brought in Dane Douetil to head up BMS Group last week, subsidiary Pioneer Underwriting has swooped for an equally high-profile…
Canopius appoints HR head
Canopius Group has named Barbara Turner group head of human resources.
Markel swoops for Marketform marine claims boss
Markel has bolstered its marine claims operation with the recruitment of Marketform’s head of marine claims.
Lloyd's supports Ifed with £200k investment
Lloyd’s of London will support the Insurance Fraud Enforcement Department by investing more than £200 000 in the City of London Police unit.
Pioneer opens property cat division
David Carson has been appointed to grow Pioneer Underwriting's new property catastrophe reinsurance underwriting division.
David Harries appointed Syndicate 386 active underwriter
QBE has appointed David Harries as active underwriter of Lloyd’s Syndicate 386.
Post magazine – 29 August 2013
This week's issue of Post is now available to subscribers.
Underwriters under pressure to secure facility deals to remain in London market
Lloyd’s underwriters have been warned they may have to secure facility deals with brokers in order to conduct business in the market in the future, despite a question mark remaining over whether these practices are anti-competitive.
Interview: Mark Cloutier: Maintaining momentum
After restructuring last year, Brit has posted impressive results for the first half of 2013 – and chief executive Mark Cloutier insists the firm is on the right track to becoming top dog at Lloyd’s