Lloyd’s/London
Catastrophe exposure hits Hiscox profits
Hiscox has reported a fall in profits of more than £100m for 2010 after being hit a number of global catastrophes.
Exclusive aggregator content now available on Post Europe
Post Europe’s weekly update is now live with an article discussing the potential for aggregator growth in France; and XL's Stuart Essex on the pitfalls of European expansion.
Post Europe: view from the top
Many firms believe that expanding their geographic footprint will not only increase their roster of clients, but also make them less dependent on one region or sector. But with wider reach comes added risk and firms looking to diversify should guard…
Brit Insurance CEO heralds performance in "stodgy" market
Brit Insurance has reported a profit before tax excluding the effect of foreign exchange on non-monetary items of £119.2m in 2010 (2009: £171.3m).
Chartis records $4bn loss in Q4 2010
Chartis reported a fourth quarter operating loss of $4.0bn, due to reserve additions net of discount and loss sensitive premium adjustments of $4.2bn, compared to a loss of $1.8 bn in the fourth quarter of 2009.
Post history - 30 years ago: Loss adjuster heads to Indonesia
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
News analysis - regulation: Questions over reform
The latest consultation paper over regulation reform has left many questions unanswered. Amy Ellis talks to industry figures to find out more.
Gallagher acquires Woodbrook
Arthur J. Gallagher International has acquired the business and certain assets of Woodbrook Underwriting Agencies.
Dual appoints property head
Dual Corporate Risks has appointed Markel's former international property division managing director to run its international property business.
Plum looks to boost team following growth
Non-standard household insurance specialist Plum Underwriting has said it is on the look-out for underwriters to join the business after its sales increased by 54% and its agency base doubled in the last 12 months.
Capita secures contract extension with Ascot
Capita Commercial Insurance Services has secured a five-year contract extension to run risk capture, aggregations and pre-bind checking services for Lloyd’s managing agent, Ascot Underwriting.
Channel Syndicate appoints property division head
Lloyd’s Channel Syndicate 2015 has appointed David Leathem as head of its property division.
THB adds to London market team
Insurance broker THB has recruited three new staff to the motor fleet and commercial units of its London market offering
Mitsui strengthens Lloyd’s team
Mitsui Sumitomo at Lloyd’s has made five appointments to it’s corporate, mid-market and regional distribution teams.
Lloyd's welcomes regulatory clarity
Lloyd's has welcomed clarity on the future of its regulatory structure following publication of a government report today.
Lloyd's to be dual-regulated by PRA and FCA under new financial regime
The Government today outlined its view that Lloyd’s and Lloyd’s managing agents should be dual-regulated firms with the Prudential Regulatory Authority responsible for prudential regulation (including the activities of ensuring the adequacy of members’…
Achilles lowers Brit deal acceptance threshold
Achilles offer for Brit Insurance has been declared unconditional after the private equity consortium lowered the threshold for acceptance on its offer from 95% to 80% of issued share capital.
Cobra names professional risks manager
Cobra London Markets has appointed Mark Crisp as manager of its professional risks division.
Nato to consult Lloyd's on piracy
The Lloyd’s Market Association is to discuss anti-piracy issues in Germany with officers from Nato.
The professionalism push: Video interview with Sandy Scott, CII
Sandy Scott, chief executive of the Chartered Insurance Institute talks to Jonathan Swift about the challenges and opportunities facing the general insurance industry in its quest to embrace professionalism.
FSA boss assuages fears over insurance regulation
Financial Services Authority chief executive Hector Sants has assured the UK insurance market the new regulatory landscape will see insurance retain a separate identity from the banking sector.
Insurer mergers & acquisitions: Is 2011 the time to strike?
After a lean period for insurer mergers and acquisitions through the economic downturn, Daniel Dunkley reports that the first rays of sunlight might begin to show in 2011.
Learning from life: Could Solvency II bring life and general insurance closer together?
When the First Life Assurance Directive was passed in 1979, it spelled the end for new composite insurers. Steven McEwan explains why the advent of Solvency II may bring life and general insurance back in contact again.
Achilles receives FSA and Lloyd's go-ahead for Brit takeover
The Financial Services Authority has today given formal notice of its approval in respect of Achilles' acquisitions of Brit Insurance.