Lloyd’s/London
Benign weather and rate rises result in record reported profits for insurers
Insurers have reaped the rewards of benign weather and rate rises in catastrophe hit regions, but analysts warn the worst could be yet to come.
BIBA 2012: Lloyd's vows to build up SME business
Lloyd's has revealed potential plans to hold regional broking events outside London next year in a bid to build on the 5% growth achieved in its small and medium size book of business last year.
BIBA 2012: Bridge Insurance Brokers in Chubb tie up
Bridge Insurance Brokers and Chubb Insurance have teamed up to offer a product which the pair claims delivers high spec cover for precision engineers, metal fabricators and metal processors.
BIBA 2012: Jelf outlines plans to break into the London HNW market with Parker hire
In a move aimed at boosting its mid and high net worth proposition, Jelf Insurance Brokers has appointed Tony Parker as business development director for private clients.
Canopius target Omega blames Bermuda non-renewals for GWP drop in Q1 2012
Omega Insurance Holdings has reported that group gross written premium in the first three months of 2012 totalled $120.6m (Q1 2011: $129.4m).
Tim Johnson takes new MD role at Gallaghers
Tim Johnson has been appointed managing director of Gallagher Benefits Consulting (subject to FSA approval) and Gallagher Employee Benefits, in addition to his current role as MD of Gallagher Risk & Reward.
Former Howden board member switches to Bond Pearce
National law firm Bond Pearce has recruited Simon Gildener, partner, to its insurance professional risks team in London.
MGA Dual continues to expand in Asia with Singapore branch
The Dual Group, the underwriting arm of Hyperion Insurance Group, has unveiled plans to open Dual Singapore in the second half of 2012.
Online video: Future technology and risk in the commercial lines sector
As companies become more ensconced in technology and reliant on it for all facets of business this video discussion looked at future technology, the risks such technology might bring for businesses, and how insurers should react.
Online video: Commercial property - managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, highlighting flood risk as an issue of major concern for corporates, their brokers and insurers.
London-bound Aon backs Lloyd's plans
Aon Risk Solutions, the broker's global risk management business that is moving back to London, is supporting Lloyd's attempt to make London the world's insurance hub.
Lloyd's set out Vision 2025 to make London global insurance hub
Lloyd's has set out plans to become the major global hub for specialist insurance and reinsurance.
Whittington to be known as 'Asta' following MBO
Whittington UK has signalled the completion of its management-led acquisition by announcing the rebranding of the firm, which will now be known as Asta.
London must alter loss of hire wordings
The London insurance market needs to address shortcomings in standard loss of hire wordings if it is to be a 'go-to’ market for this important type of marine business, the chairman of the Association of Average Adjusters has warned.
Post Broking Supplement: Biba 2012 conference timetable
The event programme for the Insurance Brokers' Association Conference - Shaping our futures - on Wednesday 16 and Thursday 17 May 2012.
Lloyd's: Can the market fully recover from the losses in 2011?
Lloyd's' market performance and underwriting discipline has long been praised by the industry but, after the near unprecedented losses in 2011, many are wondering whether it can fully bounce back.
Market moves: A reinvigorated rehabilitation sector
Hot on the heels of its management restructure, and luring of QBE claims director Andrew McBride to work in its New York office, Ace has unveiled a double promotion in UK & Ireland casualty.
Post magazine - 10 May 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Jubilee hires former Swiss Re boss for speciality role
Lloyd's insurer Jubilee has appointed David O'Sullivan as head of life in a bid to grow the speciality life business.
Election grips Lloyd's Market Association
The Lloyd's Market Association is facing the most competitive election in its 11-year history for four new members of the governing body.
Canopius makes play for Omega in bid to grow PE-backed Lloyd’s insurer
Canopius chairman Michael Watson has acted on ambitions to grow his private equity-backed Lloyd's insurer, with a £164m takeover of struggling Omega in a deal that sees a slice of the business sold to US insurer Tower Group.
Editor's comment: The lure of Lloyd's
London's bid to elevate its appeal and competitive edge for financial services businesses deciding on the best domicile may still be subject to speculation on likely success, but the lure of Lloyd's is undeniably as strong as ever to international…
Novae posts 6% jump in GWP
Novae has reported a gross written premium of £231.1m in its Q1 results representing a 5.7% increase on last year (2010: £219.7m).
Lloyd's upbeat on prospects after low cats
Lloyd's has reported that a lack of catastrophes in the first quarter has left it on target for the year, and gave a positive outlook for growth.