Lloyd’s/London
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.
Lower claims frequency hits Charles Taylor adjusting profit
Growth in Charles Taylor's management services and Isle of Man-based run-off insurance business in 2012 have offset reduced earnings in its adjusting services business, which was hit by a lower number of complex claims than the previous year.
Plum role for Chubb's Madders
Household insurer Plum Underwriting has swooped to appoint a new senior technical underwriter in the shape of Chubb's Niall Madders.
Xchanging names Brit’s head of group services as Netsett boss
Technology provider Xchanging has recruited a new leader for its global net settlement platform Netsett in the form of Brit’s head of group services.
Equity pair hit with Lloyd’s sanctions
Equity Red Star’s former active underwriter and finance director have been hit with Lloyd’s costs and barred from holding Lloyd’s director positions.
Lloyd’s players call for clarity over vision for the market
Lloyd’s is facing scepticism from market members over the progress of two of its highest-profile campaigns – infrastructure plan Central Services Refresh, previously known as Project Darwin, and Vision 2025.
Hurst-Bannister expands Xchanging role
Former London Market Group and Travelers chairman Barnabas Hurst-Bannister has been given an expanded role at technology provider Xchanging.
Lockton expands Manchester wholesale team
Lockton has boosted its Manchester-based Lloyd's London market wholesale unit with the appointment of Greg Sands an experienced as business development executive.