Lloyd’s/London
View from the top: A hard market is coming
I started talking about positive signs of rate movement more than a month ago. While many agreed, not all of the market's 'big three' brokers shared this view. But a few weeks can effect considerable change and now even Aon's soothsayers will probably…
Post magazine – 2 June 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Xchanging disposes of US asset
Outsourcing firm Xchanging has sold its US Cambridge workers' compensation operation for $22.7m as part of plans to restructure its business.
Sign up now for the 2011 Prince's Trust Insurance Cup
With the 2010/11 football season over, whether your team finished top, rock bottom or stuck in mid-table obscurity, it’s time to start looking forward to The Prince's Trust Insurance Cup.
BP Marsh to cut Besso stake
BP Marsh is set to sell 4% of its stake in Besso just two months after increasing its shareholding in the Lloyd's broker.
Aon: Aerospace market sees fifth consecutive year of falling premium
The aerospace sector weathered the global financial crisis relatively well, but confidence is still in short supply, with passenger and revenue forecasts still relatively conservative, according to Aon Risk Solutions.
Swiss Re completes £1.6bn deal
Swiss Re has announced plans to acquire approximately 300 000 policies and £1.6bn in assets from American Life Insurance Company.
Kiln launches reputation restoration product
A new product designed help restore the reputation of a business following a crisis has been launched by Lloyd’s insurer Kiln.
Novae in "due diligence" over Omega merger proposal
Novae has become the latest Lloyd's insurer to consider entering merger talks with a rival.
Chaucer takeover set
The acquisition of Chaucer by The Hanover Insurance Group, set for completion by 1 July, will create a combined premium income of $4bn, and bring scale, diversity and financial strength benefits to all stakeholders, according to the Lloyd's insurer.
Insurers rail against solicitors' PI burden
The insurance market should not bear the burden of "regulating the solicitors' profession" due to insufficient regulatory intervention, the Association of British Insurers has warned.
Penny Black's insurance week
Still fresh in the mind, this month's Biba conference was awash with the usual rumours that started on stands and, by the second night, were sworn gospel.
Lloyd's & London Market - Remuneration: War of the words
Lloyd's brokers are on the defensive after controversy surrounding commissions and fees re-emerged. But as underwriters demand clarity once and for all, are buyers happy as long as premiums stay low and their own charges stay transparent? Ralph Savage…
Post magazine – 26 May 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
LMA announces new board members
Lloyd’s Market Association has announced the results of its 2011 board election.
Transatlantic to launch UK personal lines brand - Insurance News Now – 26 May 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories that include how Transatlantic Re is poised to launch a new UK personal lines general insurance venture to capitalise on hardening premium rates in the motor market.
Whittington sponsors launch of Sirius Lloyd’s Syndicate 1945
Lloyd’s managing agent Whittington Capital Management is sponsoring the launch of a new Lloyd’s syndicate. Syndicate 1945 will be supported by Sirius International Insurance, the Swedish reinsurer that is a member of the White Mountains Insurance Group.
Xchanging restructures UK business
Business process outsourcing company Xchanging has restructured its UK business.
Lancashire unveils new $250m reinsurance vehicle
Lancashire Holdings has today announced that it will launch Accordion Reinsurance, a fully collateralised side car quota share reinsurance arrangement with what it describes as "an innovative capital draw down feature".
BMS grows US wholesale team
Broker BMS Group has recruited Glencairn property boss Ian Gormley to help grow its US wholesale business.
Lloyd’s recreates underwriting room in Warsaw
The historic Lloyd's Underwriting Room has been recreated in Warsaw at an event in Poland.
Chaucer bolstered by rate rises across UK and energy portfolios
Chaucer this morning reported gross written premium income of £274.1m for the first quarter of 2011 (2010 Q1: £250.1m).
Hebburn and Hiscox among winners at first ever Claims Awards
Roy Hebburn, divisional claims manager (technical) at Allianz was handed the inaugural achievement award at last night’s Claims Awards ceremony.
Schemes: Scheming for success
Schemes business requires significant investment to make it work and underwriters are not prepared to tolerate poor profitability. But, as Jane Bernstein reports, the benefits are many and it remains attractive to brokers.