Lloyd’s/London
Lewis leaves Jubilee
Jubilee's group finance director, Kate Lewis, has resigned from the Lloyd's syndicate.
Insurers concerned over double regulatory burden
The lack of detail concerning the regulation of the Lloyd's market could mean insurers there have more influence than others over the eventual shape of their replacement regime for the Financial Services Authority.
Arch sees income rise $85m
Arch has recorded net income of $237m, or $4.45 per share for the second quarter of this year, compared to $152.1m, or $2.43 per share for the same period last year.
Montpelier Q2 net written premiums up 7%
Reinsurer Montpelier claims that premium growth in the last quarter has been driven by its Lloyd's and US operations, particularly its marine book.
Beachcroft warns of cost of reform
Dan Preddy, financial services litigation partner at Beachcroft, has responded to publication of the Treasury consultation paper on financial services regulation.
CEO Utley out at IAG UK
Insurance Australia Group has announced today that Ian Foy, currently CEO of IAG’s New Zealand business, will return to the United Kingdom to become CEO of IAG’s UK business, succeeding Neil Utley.
Insurers are rightly concerned about new regulatory framework
This is according to Paul Edmondson of law firm CMS Cameron McKenna, speaking about the Treasury Consultation Paper on the new financial regulatory framework announced today.
Amlin appoints former Aon director to broker role
Amlin has appointed Patrick McMillen as business development and broker relationship manager.
Argo expands D&O team
Argo International has expanded its directors' and officers' team with the appointment of Rita Mistry and Anthony Hope.
QBE adopts US dollar for reporting as it forecasts 40% profit drop
QBE has decided to adopt a US dollar presentation currency for 2010 onwards, as it is claims this is more relevant for measuring performance given that around 75% of business is now written in 48 overseas countries, and over 50% of annualised premium…
Resume: Serene progress
William Richard Adamson, managing director at Paladin Underwriting Agency, tells Reinsurance about how it all went right in his career
The Reinsurance Power List 2010: Who's the daddy?
After the usual team debates, tears and tantrums, once again the Reinsurance team presents its annual Power List. We give you our opinions on who is hot and who is not in the reinsurance world and why they are a force to be reckoned with
Beazley sees rates go backwards on renewals as it hits $115.5m profit
Lloyd's insurer Beazley achieved a profit before tax of $115.5m (2009: $30.1m). It added the profit before income tax and earnings per share includes an exceptional foreign exchange gain of $33.7m.
ABI confirms insurance fraud hit £16m a week in 2009
Insurers are detecting more fraudulent insurance claims than ever according to figures released today by the Association of British Insurers.
Ex-Morgan Stanley COO joins Kiln
Kiln has appointed Ray Faires to the newly created role of chief information officer.
Aon open to the idea of accepting contingent commissions again
Aon today announced it is working with markets to explore the various forms of alternative remuneration available to it which may include supplemental and/or contingent commissions.
Robertson Taylor names new entertainment boss
Oxygen subsidiary Robertson Taylor Insurance Brokers has named Dawn Johnstone as manager of its music and entertainment division.
Lloyd's affirmed as A+
Ratings agency Fitch has affirmed Lloyd's of London's insurer financial strength rating at A+.
Brit deal in the balance
Private equity house Apollo is not expected to up its offer for Brit, meaning the chances of the deal being successful are 50:50, according to Jefferies International.
Chaucer in Buenos Aires
Chaucer has opened a new office in Buenos Aires, Argentina, to access facultative property and related risks in Latin America on behalf of Chaucer Syndicate 1084.
Kelly quits ABI
The Association of British Insurers is on the hunt for a new director general following the announcement that Kerrie Kelly has stepped down.
Kiln appoints two in Asia
Insurance and reinsurance underwriters Kiln have appointed Paul Dreblow and Kenneth Leung to their team in Asia.
Aon broker who threw laptop into pond to cover tracks could face jail
A senior Aon broker who admits dumping a laptop in a pond to cover up his involvement in a major tender which potentially breached the terms of his gardening leave has been told he could face imprisonment.
Lloyd’s A+ rating affirmed by Fitch
Ratings agency Fitch has affirmed Lloyd’s of London’s Insurer Financial Strength rating at A+.