Lloyd’s/London
Lloyd’s relaxed on Ping An building deal
The Lloyd’s insurance market is confident that the acquisition of the Lloyd’s building by Chinese life insurer Ping An would not affect operations.
Lloyd’s building to be bought by Chinese insurer
The Lloyd’s building is to be acquired by life insurer Ping An in a deal worth £260m according to The Times.
View from the Top: Take risks on bright young things
My two-year-old can’t talk yet, but he can give me a tutorial on the use of my iPad. There is more to this statement than a reflection on my ability to use handheld computers.
Ironshore extends Japanese reach
Ironshore International's Lloyd's Pembroke Syndicate has been authorised by the Japanese Financial Services Authority to offer representations and warranties coverage through Lloyd's Japan.
Antares returns profit of £12m and sub-100% COR
Antares' managed syndicate 1274 has reported a leap in profit to £16m for the full-year 2012 compared to a loss of £12.2m in 2011.
Capita launches London market risk capture programme
Capita Insurance Services aims to improve efficiency in the London market by applying its market level risk capture programme already used by managing agents with service companies in Singapore.
Xchanging launches free London wi-fi
Xchanging has begun the roll-out of free wi-fi access throughout the City of London with the firm’s Leadenhall headquarters leading the way.
Markel moves to single tech platform
Markel has streamlined its business processes by replacing several back office systems with a single business platform.
APC sets up London market team
Underwriting agency APC has launched a London market broking team to place risks that cannot be facilitated under its regular binding authorities with regional brokers.
PWC names Bichard London market leader
PWC has followed January’s appointment of Jonathan Howe as UK insurance leader by naming a new London market boss.
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Law firms urged to go global to secure place on London market insurer panels
Law firms must improve their international focus if they are to earn a position on London market insurers’ panels, as claims bosses plan reviews of their legal partners.
Barbican joins Home & Legacy panel
Barbican is set to join the household insurance panel of high net worth specialist Home & Legacy.
Ace appoints ex-Chubb casualty manager
Chubb's former European casualty manager Mark Roberts has joined Ace as casualty manager for the UK & Ireland as part of the insurer's bid to build its liability insurance capabilities.
Torus given green light to launch Lloyd's managing agency
Torus has received approval from the Financial Services Authority and Lloyd’s to launch its own Lloyd’s managing agency, to be known as Torus Underwriting Management.
Lesbian, gay, bisexual & transgender insurance network launched
Two hundred insurance professionals attended last night's launch of the Lesbian, Gay, Bisexual and Transgender Insurance Network known as Link.
Interview: Vinicio Cellerini: On top of the world
After 27 years at the firm, Zurich UK global corporate chief executive Vinicio Cellerini explains his is the best job in the company – and that the CEO should be jealous.
Savage upbeat on motor market outlook
Lloyd's finance director said the UK motor insurance market is "over the worst of the soft cycle" and has expressed confidence that upcoming government reforms will further improve the sector's outlook.
Lloyd's profit hits £2.8bn after lower cat losses
Lloyd's has reported a 2012 pre-tax profit of £2.77bn following a loss of £516m in 2011.
Robert Hiscox awarded Lloyd’s Gold Medal
Former Hiscox chairman Robert Hiscox has been honoured by Lloyd’s for services to the London market.
ProSight appoints technology underwriter
ProSight, which operated Syndicate 1110 at Lloyd’s, has appointed Dennis Huggins as technology underwriter with immediate effect.
Argenta recruits Hardy claims head for syndicate role
Argenta has recruited Hardy’s claims boss to serve as its own head of claims and reinsurance at its Lloyd’s syndicate from 2 April.
British Insurance Awards deadline today
The deadline for entries for the 19th British Insurance Awards is fast approaching.
LMA completes marine claims standardisation project
The Lloyd’s market association has completed a year-long project to standardise engagement terms for marine surveyors and loss adjusters working in the London market.