Lloyd’s/London
Liberty strengthens marine division
Liberty Syndicates has hired Rob Henbury to the position of class underwriter to head up the line of business.
Reinsurance aids Beazley's "modest" GWP growth
Beazley has reported that its gross written premium increased by two per cent to $1.35 bn (£840.7 m) in the first nine months of 2010 compared to the same period in 2009 (2009: $1.33 bn).
Beazley appoints Ken Sroka to its board
Former head of product development at Zurich Financial Services, Ken Sroka has been appointed to the board of Beazley with effect from 12 November.
Amlin posts 39% GWP surge
Specialist insurer and reinsurer Amlin has recorded a 39% increase in gross written premium for the 10 months ended 31 October despite a “mixed” trading environment.
Hardy rejects Beazley's second bid
Hardy has rejected a renewed offer for all of its shares from Beazley.
Postonline launches new mobile friendly web service
Post has launched a new mobile friendly version of its award winning website allowing subscribers to read all the latest news, views and analysis on their mobiles as well as search the full archive, post their own comments and much much more.
CNA builds non-exec team
CNA Europe has appointed two non-executive directors.
Ceiops advises on the revision of the Insurance Mediation directive
Ceiops has submitted to the European Commission its advice on the revision of the Insurance Mediation Directive, the original version of which resulted in the regulation of UK brokers by the Financial Services Authority.
Non-London business now accounts for 43% of Catlin's GWP at Q3
Catlin this morning reported that gross premiums written were up nine per cent to $3.28 bn for the nine months to the 30 September.
Willis appoints two new MDs for its network business
Willis has appointed two new regional managing directors for Willis Networks, the broker’s alliance with local, independent brokers in the UK.
AM Best affirms Hiscox 'A' rating
AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Hiscox Insurance Company (Bermuda), Hiscox Insurance Company and Hiscox Insurance (Guernsey), all operating companies of Hiscox Ltd …
Postscript - 30 years ago: Christopher Moran Group suspended
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.
Hannover Re CEO raises profit forecast in Q3 results
Hannover Re this morning said gross written premium in total business grew by an appreciable 11.5% as at 30 September 2010 to reach Euro 8.6bn.
Novae acclaims move to short tail classes in Q3 results
Lloyd's insurance group Novae has reported gross written premium for the first nine months of 2010 to £473.3m, up 54% (Q3 2009: £308.2m).
Former Axa and HSBC manager Wheddon to head up R&Q MGA start up
Randall & Quilter has received regulatory approval for its first two group owned managing general agents, R&Q Commercial Risk Services and R&Q Risk Services Canada. Both MGAs have now commenced underwriting.
MMC reports Risk and Insurance Services operating income up 12% in Q3 to $142m
Marsh & McLennan Companies' risk and insurance services segment revenue in the third quarter of 2010 was $1.3 bn, an increase of 8 percent from the third quarter of 2009.
Trio joins Markel's MGA business
Markel International has sought to strengthen its managing general agent division with three senior appointments.
Munich Re raises year end profit forecast by €400m
Munich Re is now predicting a higher consolidated result for 2010 than previously expected: following a profit of €1.955 bn for the first nine months of 2010 (same period last year: €1.784 bn).
JLT CEO Burke "optimistic" as it enters final quarter of 2010
Jardine Lloyd Thompson has reported its "trading performance is in line with our expectations, notwithstanding continued challenging conditions" in its interim management statement for the period from 1 July to 8 November.
Chartis sees COR improve to 99.3% in Q3 2010, as AIG records $2.4bn loss
Chartis’ third quarter 2010 operating income before net realised capital gains (losses) was $1.1 bn compared to $719 m in the third quarter of 2009.
Markel International combined ratio slips to 99% following H1 losses
Markel International has reported gross written premiums of $574.0 m for the nine months to 30 September 2010, compared to $510.0 m for the same period in 2009.
Lancashire reduces property and energy exposure in Q3 results
Lancashire Holdings has seen an increase in gross written premium for the nine months ended 30 September 2010 to $595.1 m (Q3: $524.4 m).
Qatar Insurance Services buys RI3K
London market technology provider RI3K has been bought by Qatar Insurance Services, parent of technology-based trade fulfilment system Qatarlyst.
Norwegian P&I Club gets Lloyd's green light for new syndicate
R&Q Managing Agency has announced that it has received approval from Lloyd’s to form a new syndicate on behalf of Assuranceforeningen Skuld, the Oslo headquartered P&I Club.