Lloyd’s/London
Post in print - 12 August 2010
Post reporter Amy Ellis outlines the main news from this week's issue of Post.
Hannover Re profits hit by major losses in H1 2010 results
Hannover Re has reported that it booked gross written premium totalling €5.7bn as at 30 June 2010, an increase of 8.2% relative to the corresponding period of the previous year.
Former Swiss Re UK boss Carroll joins Chaucer board
Chaucer Holdings has appointed Tim Carroll as a non-executive director of Chaucer Syndicates, its managing agency and main operating company.
Postscript - 10 years ago: CGNU turns back on big risk business
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Postscript - 30 years ago: Warrants issued over oil fraud
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.
QBE restructures exec to better reflect growth
As a result of its continued expansion, QBE has decided to restructure into three main operating divisions – Europe, the Americas and Australia Asia Pacific.
Markel International profits hit by major losses in H1 2010
Markel International reported gross written premiums of $395.3m for the six months to 30 June 2010, compared to $358.1m for the first half of 2009.
Dual links up with Odyssey Re for German D&O push
Dual Deutschland, the German cologne based MGA and part of The Dual Group, has secured new capacity from British insurer Newline Insurance Company, part of reinsurer Odyssey Re Group, to underwrite D&O for large financial institutions in Germany.
Swiss Re reports Q2 2010 profit following previous year's loss
Swiss Re recorded net income of $812m for the second quarter of 2010 despite what it described as "challenging market environment".
Novae H1 2010 results reveal 50% bounce in investment returns
Novae Group's interim results have been boosted by strong investment returns.
Lancashire shrinks property book by 35.4% in Q2 2010 results
Lancashire Holdings this morning reported a fall in gross written premium, net written premium and net operating profit to $232.1m in the first half of 2010 to $232.1m (H1 2009: $241.9m), $218m (H1 2009: $238.7m) and $77.8m (H1 2009: $103.3m)…
Hardy profit nosedives in first half results
Hardy Underwriting Bermuda's profit before tax has fallen to £0.8m (H1 2009: £7.8m) after it was hit by a string of catastrophic events.
IUA welcomes US financial services reform
The International Underwriting Association of London has stated new US legislation will help London Market companies writing surplus lines business.
Former Lloyd's broker sentenced to 3½ year jail term in fraud case
A former Besso broker has been jailed for three-and-a-half years after siphoning close to £1m of client money, according to reports.
Torus targets London market with new casualty head from Aon
Torus has appointed David Whyman as senior vice president, UK head of casualty, based in London.
XL CEO bemoans "anemic" pricing as it unveils 2010 Q2 results
XL has reported its operating income was $242.6m in the second quarter of 2010, compared to $291.4m in the second quarter of 2009.
Ropner launches ship repairers liability product
The Ropner Yacht Team, part of Ropner Insurance Services, has announced the launch of a first party ship-repairers liability insurance product for individual yacht owners and underwriters.
Postscript - 10 years ago: Aggressive start to new solicitors' PI
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Postscript - 30 years ago: P&I club braced for record loss
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.
Aon UK reports an 8% decrease in commission and fees
Aon has reported an 8% decline in commission and fees for its UK arm in the second quarter of 2010 to $167m (£106.9m) (Q2 2009: $181m).
Brit CEO: shareholders are key, not my own future
Brit Insurance has boosted profits and reduced its overall book, in what is expected to be its last set of results before its sale to Apollo Management.
Liberty Syndicates enters UK motor market
Liberty Syndicates is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
Cooper Gay targets binder growth
Cooper Gay has laid out plans to double the number of binding authorities it handles worldwide within three years.
Asda signs up Leeds law firm for liability work
The Leeds office of Forbes Solicitors has announced that Asda has become a new client of the firm.