Lloyd’s/London
White Oak seeks new capacity providers
White Oak Underwriting is seeking new capacity while looking into becoming a risk carrier itself as part of a growth strategy.
Equity closing in on "high profile" director amid overhaul of business
The new chief executive of Equity has outlined its plans to strengthen its specialist lines offering within the motor sector as it moves to a broker-only model.
Ex-Brit director joins Prosight board
Lloyd's coverholder Prosight Specialty Underwriters has appointed former Brit board member Peter Goddard as a non-executive director.
Marine: Tidal waves
Still reeling from recent huge losses, marine insurers cannot increase rates due to over-capacity – but is the outlook for the sector as negative as it seems?
Equity axing 200 jobs in motor focused re-launch
Equity Insurance Group is to cut 200 roles following its acquisition by Jeff Greenberg-led private equity house Aquiline.
Lloyd’s broker Safeonline names new COO
Cyber and technology broker Safeonline has recruited a former consultant and Cooper Gay Swett & Crawford business development boss to serve as partner and chief operating officer.
View from the Top: The slow pace of regulation
Only consistent and uniform implementation across the entire continent will bring benefits.
Penny Black's insurance week
Penny is always fascinated by quirky Lloyd’s policies – Heidi Klum’s legs are insured for $2m, Bruce Springsteen’s vocal cords are covered for $5.5m and Jeff Beck’s fingers are underwritten to the tune of $10m, to name but a few.
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.