Lloyd’s/London
Policyfast enters Lloyd's
Wholesale broker Policyfast has achieved Lloyd's cover holder status.
QBE to acquire Belgian reinsurer
QBE has signed a share purchase agreement to acquire Belgian-based specialist reinsurer Secura for €267m.
Argo signals international push
Argo International has recruited Tony Cabot to support its active international growth strategy.
London market focused on M&A
Expansion, growth and mergers are highest on a list of issues of most concern to London market brokers and carriers, according to a recent survey.
Brit rejects £10.50 share bid
The board of Brit Insurance has posted an update on the progress of its sale negotiations with private investment firm Apollo Global Management.
Hurricane Alex losses of $200m predicted
Catastrophe risk modeling firm AIR Worldwide estimates that insurable losses (losses from properties that are eligible for insurance, whether or not they are actually insured) from Hurricane Alex are not expected to exceed $200m.
Post script – 10 years ago: Garwyn in limbo as QBE goes to Limit
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.
Amlin backs new Dual division
Dual Corporate Risks has launched a property & casualty division with initial capacity to be provided by Amlin.
Markel revamps property division
Markel International has reorganised its property division in a bid to enhance the service it offers brokers and ensure better market coverage.
Jubilee names new motor boss
Jubilee Managing Agency has appointed John Shepherd as head of motor at Jubilee Syndicate 5820.
Canopius completes KGM deal
Canopius Group today confirmed that it has acquired the business of KGM Underwriting Agencies, which manages Syndicate 260, together with approximately 60% of Syndicate 260's capacity.
Reinsurance pricing resists pressure
Major losses from the Chile earthquake and storms in Australia in the first quarter of 2010 have had little impact on pricing in the global reinsurance market.
Catlin joins solicitors' PI market exodus
Bermuda-based insurer Catlin has become the latest player to withdraw from the troubled solicitors' professional indemnity insurance market.
Technology - Underwriting: Shifting focus
Insurers are upping the pace at which they investigate underwriting IT options and, over the past six months, there has been a substantial jump in the number of carriers looking to engage software houses with projects in this area, says Edward Murray
Post in print - 1 July 2010
Post reporter Amy Ellis provides a 60-second round-up of the major news headlines from tomorrow's issue of Post.
Post Magazine – 1 July 2010
Subscribers to Post can now read the latest edition online as a digital interactive e-book.
Aviation - Emissions trading: Ground for concern?
In less than 18 months, the aviation industry will be brought into the EU Emissions Trading System. Barry Moss considers the implications for insurers.
Government budget cuts impacting UK, claims THB
THB group chief executive Frank Murphy has said that the sale of the majority of underwriting agency Unicorn and recessionary pressures accounted for the broker's UK business making a loss.
Hiscox Syndicate 33
Hiscox has published a summary of its initial 2011 business forecast for Syndicate 33 and envisages a syndicate capacity of £900m for 2011, a reduction of £100m from 2010.
Lloyd's insurer continues diversification with Swiss plan
Catlin's plan to establish a reinsurance company in Switzerland has been described as another significant move by the group to diversify away from its Lloyd's roots.
Catlin to join solicitors' PI market exodus
Bermuda-based insurer Catlin has become the latest player to withdraw from the troubled solicitors' professional indemnity insurance market.
No grace period on IPT
London market insurers and brokers have been told they will not be given the same grace period as when faced with the last hike in insurance premium tax.
Amlin raids Catlin for lead specie underwriter
Amlin has appointed James Farquhar from Catlin with a brief to build up the account together with Class Underwriter, Rod Little.
QBE to combine London market teams
QBE is to merge its direct and reinsurance personal accident teams to create a single London market unit with a combined GWP of £45m, operating out of Lloyd’s.