Lloyd’s/London
Fitch affirms Lloyd's A+ rating despite pressures
Fitch has today affirmed Lloyd's of London's Insurer Financial Strength rating at 'A+'.
Aspen updates New Zealand loss estimate by $33m
Aspen has announced an updated pre-tax loss estimate for the New Zealand earthquake which occurred in September 2010. Losses are now expected to reach US$53m, revised up from US$20m net of reinstatement premiums.
Jubilee appoints business development chief
Lloyd’s insurer Jubilee Managing Agency has appointed Nick Grazier as head of marketing and business development.
Former Lloyd's CEO Prettejohn linked with top job at Brit Insurance
A former chief executive of Lloyd's has emerged as leading candidate to become the new Brit Insurance chairman.
Career development & CSR news: Lloyd's launches bursary to help Tower Hamlets students
Lloyd's is seeking to ease the financial burden for university students with the launch of a new bursary scheme to help students in Tower Hamlets afford to continue their higher education.
Interview - Roger Brown: Adding value for members
Roger Brown is nearing his second full year as managing director of the ECIC. Mairi MacDonald talks to him about the changes instigated and challenges ahead.
Wells Fargo plans sale of 37% stake in Besso
Wells Fargo is seeking a buyer for its stake in Lloyd's broker Besso.
Lloyd’s & London market – review of the year: Troubled times
A succession of natural catastrophes got 2010 off to a bad start and the market continued to struggle - but the resolution of Brit’s future and the prospect of consolidation could see the year end on a high. Mairi Macdonald reports.
Warning over reserves as retirement age rises – Post in print: 16 December 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post, which includes reports that insurers have been urged to review their reserves, as the proposed abolition of the retirement age could see claimants seeking increased…
Hardy responds to Beazley withdrawal with share buy-back
Hardy has revealed that the share buy-back programme announced on 26 November 2010 will now commence under existing authority from shareholders and will be administered by Peel Hunt.
Sagicor raids Broker Direct for new business development manager
Sagicor Underwriting has appointed an additional business development manager.
Lloyd's broker RFIB expands with Kazakhstan office
RFIB, the Lloyd’s insurance and reinsurance broker, has expanded its presence in Eastern Europe with the opening of an office in Almaty, Kazakhstan, and the appointment of Galina Pakhomova as chief representative for the country.
Kesh acquires Lloyd’s coverholder status
Leading Israeli underwriters, Kesh International Underwriting Agency, has acquired Lloyd’s coverholder status.
Kerry London FD Hamilton leaves broker
Finance director Ian Hamilton has left London market broker Kerry London, Post has learnt.
P&I faces challenging market in 2011, Willis warns
While investment income in the Protection and Indemnity (P&I) insurance market bounced back to $680m in 2009/10 from a $840m loss in 2008/09, record claims levels, and a continuing gap in the performance of individual P&I Clubs could present challenges…
Beazley withdraws interest in Hardy
Beazley’s final proposal of 350 pence per share has been rejected by Hardy.
CIFS adds capacity providers
Lloyd’s credit insurer Credit Indemnity & Financial Services has added Sagicor, Catlin and Omega to its current capacity providers.
IUA calls for "harmonisation" in EU insurance mediation directive talks
A public hearing today in Brussels on the proposed revision of the Insurance Mediation Directive came down in favour of "minimum harmonisation" of brokers and other sellers of insurance.
Lloyd's firm Houlder receives £1.2m cash injection
Houlder Insurance Services has received a £1.2m capital injection from its parent China Merchants Group.
Chaucer's international liability division opens for business
Chaucer's new international liability division is now accepting business, the company has announced.
Barbican turn-key approved by FSA
Whittington will retain a shareholding in its turn-key operation Barbican after the latter was granted conditional approval from Lloyd's and the Financial Services Authority to form its own managing agency.
RFIB appoints financial risk director
RFIB Group has appointed Neil Baker to the role of divisional director, financial and professional risks.
JLT boss draws parallels between terrorism and flood insurance
The Government’s £200m cuts on flood defences could have a catastrophic effect on the commercial property market by making flood insurance unavailable.
Beazley adds Tolle and Cox to its PLC board
Beazley has announced that Rolf Tolle has been appointed as a non-executive director and Adrian Cox as an executive director, both with immediate effect.