Lloyd’s/London
New LMA property risks wordings to provide clarity for underwriters
A new standard wording for power and utility property risks placed in the Lloyd's market was unveiled at this week's London Power Forum.
Two aviation underwriters join Antares
Lloyd's insurer Antares has appointed Simon Hennessy and Russell Mason as aviation underwriters.
Xchanging secures Lloyd's claims reporting contract
Business technology services provider Xchanging has landed a contract to build a platform for the Lloyd's claims reporting suite.
Novae insurance income to dwarf reinsurance earnings
Novae Group's investment returns grew by £6.5m to £22.1m for the first nine months of 2012, but gross written premiums remained flat at £510.6m (2011: £516.4m).
ProSight names Towers Watson director as syndicate CRO
ProSight has appointed Ryan Warren as chief risk officer for its Lloyd's Syndicate 1110.
Equinox Global snaps up Scandinavian senior underwriter
Trade credit specialist Equinox Global has swooped for a new senior underwriter in the form of Coface global deals executive Lars-Erik Granqvist.
Hiscox attributes £1.2bn GWP to errors and omissions rate rises
Hiscox has reported gross written premium of £1244.4m for the nine months to 30 September 2012, a 6.4% increase on £1169.5m for the same period in 2011.
Nexus Underwriting names interim COO
Speciality managing general agent Nexus Underwriting Management has made four new operational appointments.
Select & Protect joins Paradigm GI panel
Select & Protect has entered into a strategic partnership with Paradigm Mortgage Services providing access to its home insurance products.
Smith leaves Ink
The managing director of Ink Insurance Mike Smith has been placed on gardening leave.
RSA expands marine offering with Dutch deal
RSA is to provide up to $100m of charterers' liability capacity to Charterama, a Rotterdam-based underwriting agency.
IMR extends Xchanging tie-up
Xchanging has been awarded a five-year extension to its contract to operate the Insurers' Market Repository.
Aspen insurance segment drives GWP growth
Aspen has reported a 12.7% increase in gross written premium in the third quarter to $558.4m, the majority of the growth resulting from a 36.2% increase in the insurance segment.
Argo expands treaty offering with Lloyd's platform
Argo Group International Holdings is expanding its offerings in the international casualty marketplace with treaty reinsurance business written through Lloyd's.
BP Marsh eyes insurance opportunities
Venture capital provider and Hyperion investor BP Marsh has reported profit after tax of £2.2m, representing an increase from £2.0m for the six months to 31 July 2011.
IUA report shows £22bn of 2011 premium income controlled by London
The amount of wholesale and commercial business governed by London companies reached a combined premium total of £22bn last year, according to statistical analysis by the International Underwriting Association.
PRA aims for "judgement-based" approach
Two documents outlining the Prudential Regulation Authority's approach to supervision when it is established in April 2013 have been presented today to stakeholders.
Aegis targeting short-tail marine with underwriting appointments
Aegis London has recruited two underwriters to lead a book of short-tail marine business, following their appointments on 8 November.
Fraud 2012: IFED courts Lloyd's players
Nine Lloyd's syndicates are in talks with the Association of British Insurers with a view to signing up to use the Insurance Fraud Enforcement Department.
Beazley buys Lloyd's small business unit
Beazley has acquired the team that underwrites the Lloyd's Small Business Consortium, which has been managed by SA Meacock Syndicate 727 for nine years.
Lloyd's gains from best first half in five years
Lloyd's has recorded its best first-half results for five years, according to figures from Aon Benfield, reporting a pre-tax profit of £1.5bn for the first six months of 2012.
Liability insurance lines growing faster than global economy
Commercial insurance premiums in emerging markets have grown by an average of 14% a year in the past decade, two to three times faster than in developed markets.
Barbon hires Bluefin and Axa heads for CKW roles
Barbon Insurance’s Cadogan Keelan Westall has appointed Amanda Hindman, pictured standing, and Sue Filsell.
Xchanging unveils Xuber brand
Xchanging has upgraded the tools and products in its insurance software operation, which will now operate under the name Xuber, following £20m of investment by the group.