Lloyd’s/London
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.
Millar joins QBE claims
The former head of specialist claims operations at Royal Bank of Scotland Insurance Julian Millar has joined QBE.
Market awaits Apollo's next move on Brit
Lloyd's insurers that have been trading below book value saw their share prices jump following a private equity bid to buy Brit Insurance.
Chaucer seals Latin American tie-up
Chaucer Syndicate 1084 has formed a strategic energy alliance with well control company Boots & Coots, and two international insurance brokers, Mexbrit and Global Special Risks.
Brit confirms details of offer
Brit has confirmed that it received an offer of £10 per share in cash from private equity company Apollo.
Brit speculation good for Lloyd's
The private equity offer for Brit Insurance spells good news for the Lloyd's market, according to analysts.
Brit Insurance shares up over 20 per cent on private equity approach
Brit Insurance's shares have shot up in value in the first two and a half hours trading this morning to 881 pence.
Aon Benfield outlines South African earthquake threat
Aon Benfield has claimed that Cape Town could be affected by an earthquake close to magnitude 7.0 but with a very low probability.
Lloyd's insurer Brit admits private equity approach
Brit Insurance has confirmed that it recently received an unsolicited indicative proposal from a private equity group regarding a potential cash offer for the group.
Guy Carpenter appoints global chief operating officer
Guy Carpenter has named Liz Flynn as global chief operating officer. Ms Flynn will be based in New York and will report to Peter Zaffino, Guy Carpenter’s president and CEO.
Evans is new insurance parliamentary group chair
The All Party Parliamentary Group on Insurance and Financial Services, for which Post provides the secretarait, elected former trade minister Jonathan Evans as its new chairman at a meeting in the House of Commons last night.
Win big with Equity Red Star World Cup Competition
Post is celebrating the arrival of the World Cup by helping run an accumulator competition in association with Equity Red Star.
ABI chair calls on government to put words into action over tax reform
The outgoing chairman of the Association of British Insurers Archie Kane, has launched an attack on European law makers for not differentiating between insurance and other financial services.
PE house buys 30% stake in Lloyd's broker
NCG Professional Risks, the London based Lloyd’s insurance and reinsurance broker, has today announced that it will receive a £1.4m investment to accelerate its expansion strategy.
Catlin raids Swiss Re for treasurer
Catlin Group has appointed Andreas Weber as group Treasurer, based in Zurich, Switzerland.
Post in print - 10 June 2010
Post reporter Amy Ellis outlines this week's major news stories from Post including: government move over midwives; brokers unite for covenant code; Cooper Gay IPO; Money Supermarket fraud action; and Hyperion flotation insight.
Beazley names new head of professionals’ E&O
Specialist insurer Beazley has appointed Jerry Sullivan as its new head of professionals E&O.
Career development & CSR news: Row, row, row your boat... across the Channel for charity
A team from three Lloyd's market companies have combined forces to undertake the charity challenge of rowing the 21 miles across the English Channel to France in a six-person Thames cutter boat, aiming to beat the existing world record time of two hours…
Miller bolsters Assurex relations with HSBC hire
Miller has appointed Nick Drury, a specialist in the placement of corporate multinational accounts.
Argo appoints Roberts
Argo International, the specialist Lloyd's insurer and subsidiary of Argo Group International Holdings, has appointed Ruth Roberts as head of claims.
Plum relocates
Plum Underwriting has announced a raft of changes to the business as part of its aggressive growth plans, first announced in March.
Jubilee's Jackson quits
Jubilee life syndicate 779's active underwriter Brian Jackson has resigned from the company.