Lloyd’s/London
Chaucer takeover completed
Chaucer has confirmed its takeover by US-based The Hanover Insurance Group has been completed.
Novae-Omega merger falls through
Novae has announced to the London Stock Exchange that “it is unlikely a transaction can be structured in its interest” with fellow Lloyd’s insurer Omega.
Post history - 20 years ago: US blamed for Lloyd's record losses
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
Escott returns to London market as Capita MD
The former boss of Brit Insurance's UK business has returned to the London market commercial space with Capita. Brent Escott — who worked for the Lloyd's group between 2002 and 2007, holding the position of managing director of the UK division, before…
Ex-HSBC staff to support Capewell's venture
A team of former HSBC Insurance Brokers employees are poised to facilitate the launch of the new venture headed by Martyn Capewell, the chief executive of the bank's now defunct insurer arm.
News analysis - Regulation: The more things change
With detail emerging on what life under the Prudential Regulation Authority will look like, Mathew Rutter analyses the similarity of themes to the current approach and pinpoints potential problem areas.
Doors open at first RFIB Saudi office after licence secured
RFIB plans to open branches in Jeddah and the Eastern Province of Saudi Arabia after being granted an intermediary licence to conduct insurance and reinsurance business in the Kingdom.
Career development & CSR: Canoeist boosted with Sportscover sponsorship
Specialist insurer Sportscover has signed a sponsorship deal with British Olympic hopeful Ben Farrell.
Penny Black's insurance week
Last week, Penny found herself at the Association of British Insurers' biennial conference, where star guests included business secretary Vince Cable, Allianz chairman Clement Booth and BBC political editor Nick Robinson.
Post history - 10 years ago: DVT claims dismissed as alarmist hype
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
KGM Motor CEO exits during restructure
Colin Hart, chief executive of Canopius-owned KGM Motor has left the group, amid a restructure that sees the formation of a new UK retail division.
Post Magazine - 30 June 2011
The latest issue of Post Magazine is now available to subscribers as a digital and interactive e-book.
Regulation tops London market agenda
Uncertainty around regulatory issues - from the replacement of the Financial Services Authority to a global focus on the perceived systemic risks of the insurance sector - remain top of the agenda for London company market insurers.
Axa ready for referrals ‘hurt’ - Insurance News Now – 30 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the response of Axa personal lines boss Steve Hardy, on the insurer’s decision to stop accepting referral fess from personal injury lawyers.
Claims solution targets London market
IT provider Scyllogis Consulting has formed a partnership with Fineos Corporation to support the integration and implementation of new automated claims related software aimed at the London market.
Mitsui appoints P&C head
Mitsui Sumitomo at Lloyd’s has appointed Graeme Rayner as head of underwriting, property and casualty, as part of a plan to expand ni the UK and Irish markets.
Aspen names head of distribution
Aspen Insurance has appointed Jonny Atkinson as manager, distribution and business development in the UK.
Chaucer outlines delisting timetable after scheme sanctioned
Following an application by Chaucer to the UK Listing Authority, it is expected that trading of Chaucer Shares on the main market of the London Stock Exchange will be suspended from 4:30pm on 30 June 2011.
Another Aviva exec departs as Marsh is hit with new lawsuit
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US tornadoes cost Hiscox £35m
Hiscox has estimated net claims arising from the April and May tornadoes in the US to be approximately £35m based on insured market losses of $15bn-$25bn.
Liberty Mutual appoints Bristol boss
Liberty Mutual Insurance has promoted Martino D’Aliesio to regional manager at its Bristol office.
Ascot increases 2011 capacity by £50m
Ascot Underwriting has increased its capacity from £600m to £650m to support its 2011 business plan.
Arthur J Gallagher swoops for Lloyd's broker business
Arthur J Gallagher (UK) has acquired part of the liability and affinity portfolio of Lonmar Global Risks.
RFIB granted licence in Saudi Arabia
RFIB Group, the Lloyd’s insurance and reinsurance broker, has been granted an intermediary license by the Saudi Arabian Monetary Agency to conduct insurance and reinsurance business in the Kingdom of Saudi Arabia.