Lloyd’s/London
APC extends liability limits
Underwriting agency APC has increased the limits on the majority of its public and products liability risks to £10m and property risks to £50m in a move that it claims will help smaller brokers win larger clients.
Carlier named Cooper Gay Re CEO
Former RK Carvill and Minet Re chief executive Ron Carlier is to return to the industry leading the reinsurance subsidiary of Cooper Gay Swett & Crawford.
Kiln names former KPMG UK boss as non-exec
Kiln has recruited KPMG’s former UK chief executive to take a seat on its board, leading the insurer’s audit risk and compliance committee.
Moore tornado losses unlikely to reach London insurers
Insured losses from the devastating tornado that hit the Oklahoma City suburb of Moore are unlikely to hit the London market.
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.