Lloyd’s/London
London market will be impacted by Australian floods
Neil Coulson, partner at accountancy firm, Littlejohn, has said he expects Australia to be fairly well insured, so it will generate insurance losses which will be higher in a city than in rural areas.
Mitsui names new claims director
Mitsui Sumitomo at Lloyd’s has appointed Jonathan Poole as claims director.
Post in print: 13 January 2011
News editor Mairi MacDonald outlines the main news from this week's issue of Post.
Lloyd's insurer faces ex-FD's tribunal claims
Former Jubilee group finance director Kate Lewis is set to battle her ex-employer at a tribunal next week.
Interview - Karen Ellis: One's formula for success
With the management buyout of motor sport specialist Ellis Clowes & Company from THB, Karen Ellis has certainly made her mark. She talks to Amy Ellis about remaining in pole position in its niche.
2011 tipped to finally see an upturn in Lloyd's M&A action
Takeover speculation among Lloyd's insurers look set to continue throughout 2011, after Canopius kicked off the year with an approach for rival Omega.
People moves - 13 January 2011
A round-up of people moves and new appointments in the industry, as featured in the January 13 2011 edition of Post.
LMA outlines plans to cut motor costs
The Lloyd’s Market Association has outlined a range of recommendations to help reduce the cost of motor insurance at a Transport Select Committee meeting in the House of Commons.
Fitch warns Australian flood losses could "escalate substantially"
Fitch Ratings believes most of Australia's major non-life insurance companies have "reasonable protection" against the floods in Queensland and Northern New South Wales through catastrophe reinsurance.
Fitch affirms Hannover Re's A+ rating
Fitch Ratings has affirmed Hannover Re and its reinsurance subsidiary E+S Rueckversicherung AG's insurer financial strength ratings at 'A+' and Hannover Re's issuer default rating at 'A+'. All ratings have stable outlooks.
Towers Watson: 2011 will be the most "significant year of reform ever"
Preparation challenges for Solvency II costing billions of pounds are set to help make this the most significant year of reform ever faced by the UK insurance industry.
Broker AJG UK recruits new director from Hiscox
Philip Saunders has been recruited from Hiscox to join the 14-strong binding authority unit at Arthur J Gallagher UK as divisional director.
Achilles extends Brit deadline again as offer acceptances remain static
Achilles’ offer to acquire the entire issued and to be issued share capital of Brit Insurance is being extended and will remain open for acceptance until the next closing date which will be 1.00pm (London time) on 22 January 2011.
RI3K trio join rival Xchanging
Xchanging has appointed Mark Badman, Alan Ratcliff and Greg Denham to its Xchanging Ins Sure Services arm.
Three factors shaping insurance start-ups in 2011
London market specialists Northdoor has identified three key factors that will shape the start-ups market in 2011.
Omega consults largest shareholder following Canopius bid approach
Lloyd's insurance group Omega has confirmed receiving an "unsolicited" approach from rival Canopius for the business.
Insurance think tank: regulation, climate change and stability key issues for 2011
International insurance think tank, The Geneva Association, today outlined what it believes are the key issues for the insurance industry in 2011.
Jubilee set to reveal future strategy
Jubilee Managing Agency has appointed Paul Battagliola as its new head of operations.
Canopius to plant flag in Switzerland
Canopius Group has revealed plans to establish a reinsurance underwriting platform based in Zurich.
Mitsui unveils a series of new recruits
Mitsui Sumitomo at Lloyd’s has announced a string of new appointments to strengthen its underwriting team.
Omega more than doubles New Zealand quake loss estimate
Omega Insurance's loss estimate for the New Zealand earthquake has risen to US$16.8m, net of reinstatement premiums and before profit commission effects, and US$18.9m after profit commission.
FSA fines and bans director £25 000 for part in £2m London market fraud
The Financial Services Authority has fined Barry Williams £25 000 and banned him from working in regulated financial services for his part in a scheme that defrauded leading London market insurers of more than £2m.
Hannover joins Hiscox and Argo as White Oak capacity provider
Specialist automotive and equipment underwriting agency White Oak Underwriting has announced a new capacity providers for 2011.
Former Aon claims director joins Marsh
Marsh has appointed Alan Morton as senior claims advocate of its international division and property claims practice group leader, UK and International.