Lloyd’s/London
Market Moves: Insurers and brokers make new hires, with some top-level appointments
It was even between insurers and brokers this week in recruiting stakes, as Simply Health filled the void left by its departing CEO and Bluefin made four hires within its professions division. Hires were finalised at Hyperion’s underwriting arm Dual and…
Flood: A Dutch Obligation
For the first time in decades Dutch citizens can purchase flood insurance but should the product be compulsory?
Lloyd’s consortium has construction covered
Four construction risks syndicates in the Lloyd’s market have joined forces to offer underwriting capacity of up to $166m (£108m), in a move that seeks to place the consortium at the forefront of insuring the largest construction risks in the world,…
Catlin reports 12% GWP hike in cat-free quarter
Catlin has reported a 12% increase in gross written premium to $1.84m in the first quarter of the year compared to the same period in 2012 (Q1 2012: $1.64m).
Liberty signs cricket sponsorship deal
Broking partners of Liberty Mutual Insurance can look forward to invitations to test matches after the insurer was appointed as an official sponsor of cricket grounds for 2013.
R&Q recruits two to high-net-worth MGA
Randall & Quilter’s high net worth managing general agent Synergy has recruited underwriters from Chubb and Gallagher Heath.
Argo names Amlin’s Harris MD of Lloyd's operations
Argo International has recruited Amlin’s former chief operating officer to head up its Lloyd’s business.
Beazley records 11% Q1 premium increase
Growth in the marine division has seen Beazley record gross written premiums up 11% to $518m (£333m), increasing from last year’s Q1 total of $465m.
Lloyd’s and XL back shariah-compliant MGA to succeed where others failed
The boss of a new shariah-compliant underwriting agency has vowed to succeed where previous Islamic insurance propositions have failed by focusing solely on the commercial market.
Prosight recruits from Mitsui Sumitomo for ops manager
Prosight Specialty Underwriters has recruited Colin Smith from Mitsui Sumitomo at Lloyd’s to serve as its new operations manager.
View from the Top: The American invasion gathers speed
Private equity investment from the US into London Market brokers is seemingly in vogue in 2013, with a considerable amount of new capital entering the market.
Capita and XL back Lloyd's-based Shariah-compliant start-up
A Shariah-compliant underwriting agency has been launched in the London market with the financial backing of Capita and the Bank of London & Middle East, and capacity provided by XL.
Hiscox UK reports Q1 GWP up 8.5%
Growth in luxury motor and professional indemnity business has seen Hiscox’s UK operation report improved gross written premiums for the first quarter of 2012, rising 8.5% on last year.
AIG targets marine, P&C growth in London
US insurance giant AIG is hoping to see its European operation, which includes the business formerly known as Chartis, grow in London’s wholesale market.
Lancashire CEO Brindle admits Aon/Berkshire deal concerns as it unveils $77.9m Q1 profit
Lancashire Holdings this morning reported a jump in pre-tax profit and post tax profit for the first quarter of 2013 to $78.9m (Q1 2012: $46.5m) and $ 77.9m (Q1 $45.6m) respectively.
Simply Business closes in on MBO as Brit CEO Cloutier admits u-turn over broker commitment
Simply Business is close to a deal which will see it separate from Brit Group through a management buyout, Postonline has learnt.
Qatarlyst buyer Ebix wins Ropner tech deal
Independent Lloyd’s broker Ropner Insurance Services has recruited Ebix Europe to work on its electronic accounting, endorsement and settlement capabilities.
Prosight appoints leisure and hospitality underwriters
Prosight has appointed Peter Lodge and Stephen Kiedish as underwriters in the newly formed leisure and hospitality teams.
Regulatory uncertainty raises domicile questions
Splitting tax domiciles and regulators could be an enticing prospect for insurance groups looking to avoid the European Union’s Solvency II regulations.
Surgeons offered complication cover following breast implants scandal
A compulsory scheme providing cosmetic surgeons with complication insurance cover has been earmarked as an important step towards avoiding a repeat of the aftermath of the Poly Implant Prothèse scandal.
Market Moves: Ecclesiastical, Hiscox and Mitsui Sumitomo lead the way in busy week for insurers
This week saw a host of major insurers complete hires in business areas ranging from sales to claims. Among the firms leading the recruitment race were Hiscox, Ecclesiastical and Mitsui Sumitomo. Elsewhere, while the broking sector registered little of…
Solvency II “ground to a halt” by national interest PRA boss says
Disagreement over the final Solvency II rules at a national level has seen negotiations “ground to a halt” according to Prudential Regulatory Authority boss Andrew Bailey.
Post Intelligence app brings insurance white papers straight to your iPad/iPhone
Post has launched a new free tablet and mobile compatible app that offers readers the latest insurance white papers straight to their iPhone or iPad with minimum fuss.
Tysers plots LLP move for talent retention
Independent Lloyd’s broker Tysers is to move to a limited liability partnership in a bid to attract and retain talent.