Lloyd’s/London
BIS 2010: Aviva chief insists risk management message needs to be hammered home
Accountability for risk management is vital for companies to develop strong responses to emerging issues, according to Robin Spencer, chief risk officer at Aviva.
Ceiops welcomes Euro-super regulator news
The CESR, Committee of European Banking Supervisors, and Committee of European Insurance Occupational Pensions Supervisors have welcomed today’s decision of the European Parliament to endorse the EU financial supervision reform package.
BIS 2010: Fortis issues SII standard model warning
Fortis has warned insurers against using a standard formula to set capital requirements for Solvency II.
Career development & CSR news: New cohort gets stuck into graduate training scheme
Six new graduates have started at Lloyd's, marking their first step into the insurance industry.
Brit shareholders set to accept new Apollo bid
Brit Insurance shareholders are expected to accept a renewed offer to buy it outright from Apollo Management, after the investment company secured the backing of CVC Partners.
Lloyd’s names new American director
Specialist insurance market Lloyd’s has appointed Pat Talley as the regional director of its Central US region.
Resumé: Drinking and driving
Miller facultative reinsurance head Michael Papworth explains how a gin and tonic at Lloyd's got him hooked on broking despite his Formula One career dreams.
Biba: brokers will have to change if ELIB introduced
The British Insurance Brokers’ Association has responded with support to the Financial Services Authority consultation paper for the new Employers’ Liability Insurance Database, operated by the Employers Liability Tracing Office.
QBE boss acclaims "leading edge" property underwriting deal
QBE has developed a combined rating and geographical risk system which it claims will help its property underwriters deliver more accurate pricing for clients.
Aon warns food industry of walking "blindly" into China media storm
Businesses in the EU involved with importing or selling food and beverage products from China are walking, often blindly, into a potential legal and media storm, according to Aon.
Tysers on the move
Lloyd’s broker, Tysers, has announced that the company is moving out of its office on Camomile Street, where it has been conducting business for the last 28 years.
Lloyd's insurer Chaucer raids Willis for new COO David Mead
Lloyd's insurer Chaucer Holdings has appointed David Mead as chief operating officer of Chaucer Syndicates, Chaucer's Lloyd's managing agency and main operational subsidiary, from 1 November 2010.
Apollo and CVC make new offer for Brit
Brit Insurance has received a new offer of £10.75 per share on cash from a consortium consisting of Apollo Management and funds advised by CVC Capital Partners.
Collins Stewart: main reinsurance markets will continue to soften
Collins Stewart hosted a call with Alistair Lockhart-Smith, MD of JLT Re, for feedback from Monte Carlo on Thursday afternoon.
London remains "key location" for insurance industry
A new report into the issue of domiciles for property & casualty insurers and reinsurers has found access to markets was overwhelmingly the key criteria.
Hardy appoints property underwriters
Hardy Underwriting Bermuda has recruited two underwriters within its non-marine property division of its Lloyd’s Syndicate 382.
Charles Taylor wins LMA contract
Charles Taylor Insurance Services and Xchanging Claims Service have been selected by the Lloyd’s Market Association to provide claims services to address non-moving claims on behalf of managing agents.
Brit global markets unit promotes trio
Brit Insurance has made new appointments within its global markets strategic business unit.
Ecclesiastical turns focus onto core UK business
Ecclesiastical intends to focus on developing its core UK business, having opted to close its London market operation.
MSIG announces three appointments
Mitsui Sumitomo Insurance Underwriting said that as part of an ongoing strategic development programme in the UK and Europe, is has made three new senior appointments in PI, business planning and reinsurance.
Lloyd’s moves underwriting room to Dublin for industry event
Lloyd’s recreated its underwriting room in the Dublin Convention Centre for ‘Meet the Market’ day, the first event of its kind in Ireland.
AM Best affirms ratings of Omega
Omega has announced that AM Best has removed from under review with negative implications and affirmed the ICR of “bbb” of Omega and the FSR of A-(Excellent) and ICR of “a-“ of Omega Specialty Insurance Company Limited.
Markel extols value of ECF
A pilot project led by Markel International has found the time taken for lawyers to recover fees from insurers can be "slashed" using the Electronic Claims File system.
Report finds "convergence" between Lloyd's and Bermuda markets
Lloyd’s and Bermuda represent distinct and different approaches to underwriting, but that their work practices and risk evaluation methods are showing signs of convergence.