Lloyd’s/London
Uncharted waters lie ahead in a sea of change
As we enter the uncharted political waters of a coalition government, it is perhaps worth noting that the current uncertainty is really nothing more than the continuance of a process of change that has been going on for well over two years, to which some…
BIBA 2010: THB/Eclipse fleet deal
Specialist fleet broker THB London Market, part of Lloyd's broking arm Thompson Heath & Bond, has launched a new fleet facility with Lloyd's syndicate Eclipse.
Chaucer reports 11% hike in motor rates
Lloyd's insurer Chaucer this morning reported a drop in gross written premium income to £250.1m (2009 Q1: £257.8m).
JLT shakes-up board
Jardine Lloyd Thompson Group has changed its board in the wake of Jim Rush and William Nabarro retiring.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Risk presentation key, claims international broker survey
According to new research commissioned by Bowring Marsh, the quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.
Hardy CEO admits 2010 profits will be "diminished" after Q1 losses
Hardy Underwriting said it expects to increase gross written premium volume for the 2010 financial year to more than £300m (2009: £242m).
Dual to offer PII to Lloyd's brokers
Specialist professional indemnity underwriting agency, Dual Corporate Risks, has secured new capacity for underwriting broker’s professional indemnity cover.
Hoban's role in new Treasury team confirmed
The new Chancellor of the Exchequer George Osborne has named his Treasury team.
JLT's share price hits 12 month high on Aon acquisition talk
Shares in Lloyd's broker JLT continued to rise this morning following speculation that Aon is preparing to buyout its major shareholder.
LCP warns on pension buyout demand
The cost to companies of transferring their pension scheme risk to an insurer looks set to rise as demand starts to outstrip supply, according to LCP Pension Buyouts 2010 published by Lane Clark & Peacock LLP.
Amlin benefits from ACI acquisition with 32.1% hike in GWP
Amlin this morning reported gross written premium (before deduction of brokerage) was up 32.1% for the four months ended 30 April 2010 at £964.0m (30 April 2009: £729.7m).
Lloyd's motor insurer KGM put up for sale by parent company
Lloyd's motor insurer KGM has been put up for sale by its parent Gibraltar-based Perseverance.
Con-Libs: Bank of England regulatory plan to be brought forward
The coalition agreement announced today by the Conservatives and Liberal Democrats outlines plans to bring forward the objective of giving more power to the Bank of England. However, it makes no mention of the Financial Services Authority.
Lib Dem set for climate change role in Cameron's cabinet
Liberal Democrat MP Chris Huhne is poised to become energy and climate change secretary, according to reports.
FSB welcomes Con-Lib pact plans on CGT and personal tax
Business leaders have welcomed the agreement between the Conservative and Liberal Democrat parties to form the next Government.
Libya plane crash losses to hit Catlin, broked by Aon
A Libyan Airbus crashed when trying to land at Tripoli airport early on Wednesday, killing 103 passengers and crew aboard.
20 years ago: Lloyd's offers training for EU working
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance new, as this highlight from a past-articles reveals.
Antares appoints non-executive director
Antares has appointed Ewen Gilmour as non-executive director of Antares Holdings, the group's Bermuda-based holding company.
Approval of Chubb's move into Lloyd's market imminent
US insurance giant Chubb is set to enter the Lloyd's market almost a decade after its failed bid to buy Hiscox. According to sources, Chubb has received conditional approval for market entry with full authorisation following a Financial Services…
Perseverance places KGM up for sale
Lloyd's motor insurer KGM has become the latest in its sector to be put up for sale.
Beazley sees significant gains in reinsurance and property in Q1
Beazley has reported a 195% increase in premiums to $438.2m in quarter one 2010 (Q1 2009: $368.9m). It added average rates decreased by 1%.
Chaucer raids Brit for PI underwriter
Chaucer Syndicates has appointed Ian Noble as professional indemnity class underwriter for Chaucer Syndicate 1084.
Business leaders welcome appointment of PM Cameron
The Forum of Private Business has given a cautious welcome to the appointment of the new Prime Minister, David Cameron, and his stated intention to form a coalition government between his party and the Liberal Democrats.