Lloyd’s/London
New regulator must understand differences
The insurance industry has claimed it must be distinguished from the wider financial services sector under the coalition government's widespread regulatory reform.
Canopius confirms KGM interest as Lloyd's deadline approaches
Canopius, the largest privately owned Lloyd's insurer, has confirmed it is in talks to acquire up- for-sale motor underwriter KGM, with the deal expected to be completed within a fortnight.
Beazley expands contingency team
Beazley’s contingency team has recruited two new staff members in order to expand its service offering in the UK and Australia.
Xchanging in Italian swoop
Xchanging has signed a letter of intent with SIA-SSB, the European specialist in financial and payment systems services, to form an Enterprise Partnership.
Argo poaches Roberts from Aon Benfield
Argo International has appointed Craig Roberts as class underwriter of its international treaty team following the departure of James Braddock.
Liberty expands French operation
Liberty International Underwriters in Europe has established an underwriting presence in France for trade credit and political risk business with the appointment of Alexandre Egnell as assistant vice president, trade credit and political risk.
Alpha Underwriting launched
Alpha Underwriting has been established to handle corporate travel and personal accident cover.
FSA to investigate Brit buy-out leak
The Financial Services Authority is investigating the leak of Apollo's takeover approach of Brit Insurance.
Hoban outlines regulation plans
Mark Hoban, financial secretary to the Treasury, has addressed the House of Commons following George Osborne's Mansion House speach last night on the breaking up of the FSA.
One Claims wins Novae deal
One Claims, the personal accident and travel claims management division of One Group, has secured a contract to handle claims on behalf Novae Group’s Syndicate 2007 at Lloyd’s.
Lloyd's team heads to Chile
Lloyd’s has sent a team to Chile to help the market better understand the impact of February’s earthquake and assist in ensuring the speedy payment of valid claims.
Julian Millar joins QBE
QBE has confirmed the appointment of Julian Millar as head of claims in its property division.
Catlin's Jardine appointed deputy chairman of Lloyd's
Lloyd’s has appointed Paul Jardine from Catlin Syndicate as deputy chairman of The Council of Lloyd’s following Ewen Gilmour’s retirement from the position earlier this month.
RICS appoints Howden as its preferred PI broker
The Royal Institution of Chartered Surveyors has appointed specialist Lloyd’s broker, Howden, as its preferred UK professional indemnity broker. This is the first time that the RICS has appointed a preferred broker for this type of insurance.
Former Lloyd's director Tolle joins Beazley
Rolf Tolle is to join the board of Beazley Furlonge, the Lloyd’s managing agency that forms part of Beazley, the company announced today. The appointment is subject to regulatory approval.
Canopius promotes four in Lloyd's
Canopius Group has announced a number of promotions following a review of its senior management organisation at its Lloyd's platform, Canopius Managing Agents.
Marsh: more companies adopting sustainability strategies
As demand grows from consumers, investors and governments for businesses to become more sustainable, companies are beginning to change their strategy and planning.
"Softer" skills key for risk managers finds Ace survey
Risk managers who can demonstrate a mastery of the so-called ‘softer’ skills are increasingly one step ahead of their peers when it comes to unlocking the door to the most senior risk management roles.
Sign up now for the Prince's Trust Insurance Cup
Calling all insurers, brokers, reinsurers and suppliers - enroll a team now in the annual Prince's Trust Insurance Cup six-a-side competition which will be held at Regent's Park on the 16 September.
Total Objects lands London Market project
Insurance software provided Total Objects has been selected to manage the ECF2 Market Acceptance Testing project for the London Market.
Commercial insurance prices remain level for fifth straight quarter
A fragile global economy, excess capacity in virtually every line of commercial insurance and last year's below-average catastrophic losses combined to keep commercial insurance prices flat during the first quarter of 2010, according to global…
EMB: Company market lags behind Lloyd's on commercial performance
Commercial property insurance rates are unlikely to rise significantly any time soon despite attempts by some companies to talk up the market, according to an assessment by actuarial consultancy EMB.
Lloyd's broker seeks new deals after PE cash boost
Lloyd's broker NCG Professional Risks has targeted a move into UK retail, international reinsurance and international commercial property and casualty after receiving £1.4m of investment from BP Marsh.
Editor's comment: Brit offer makes waves
Last week, Brit Insurance certainly made waves on the Stock Exchange when its share price rocketed on news that US private equity house Apollo was sniffing around the business and had made a £10 per share cash offer.