Lloyd’s/London
Lloyd's /London market: Thoroughly modern
With London still perceived as an expensive place to conduct business, Daniel Dunkley reports on the London Market Group's ambitious plans for modernisation.
Plum reveals parallel strategy for growth
Plum Underwriting plans to double new business and grow its agency base in 2010.
SBJ boss hails Lonmar intent after rebrand
SBJ Global Risks has rebranded as Lonmar Global Risks in a move to clearly align itself with the London and international specialist insurance market.
London loses insurance crown to Hong Kong
A report placing Hong Kong above London as the world's leading insurance centre has caused consternation among Lloyd's and London market underwriters.
Lloyd's box plan on hold as Towergate 'changes tack'
Towergate's plan to set up an underwriting box in Lloyd's in early 2010 has been put on ice following a "change of tack" regarding the development of its underwriting strategy.
Chaucer appoints head of production
Chaucer Holdings has appointed Andrew Voke to the newly created role of head of production for Syndicate 1084 with immediate effect.
Aegis London outlines plans for Prague
The group will be holding its third annual European Energy Conference at the Inter Continental Praha hotel in Prague from the 14-15 April, 2010.
Jelf unveils new non exec
Jelf has appointed Jonathan Kelly as a non-executive director. Mr Kelly has previously worked with Catlin and SBJ.
Hiscox faces £100m Cat losses
Hiscox has estimated that it faces £100m worth of claims as a result of the Chilean earthquake and the European windstorm Xynthia.
Crawford names Lloyd's market boss
Crawford & Company UK has appointed Richard Day as vice president, Lloyd's and London market.
Bermuda: M&A warning
Reinsurers and insurers must be careful when choosing partners for mergers and acquisitions a panel of executives at the World Insurance Forum in Bermuda have warned..
Cooper Gay: Chilean earthquake most expensive in Latin American history
The recent earthquake in Chile could be the most expensive insured event in Latin American history, Cooper Gay has claimed.
Marsh looks to Scottish law firm for real estate head
Candice Sammeroff who has 10 years' experience in the legal sector, joins Marsh from MacRoberts Solicitors in Glasgow.
SBJ Global Risks completes re-branding
Formerly trading as SBJ Global Risks, Lonmar Global Risks was launched yesterday as a new independent broking organisation operating globally from its London Base.
Renaissance Re, Everest Re deliver loss estimates
Bermudian reinsurers Everest Re and Renaissance Re have said that they will be hit by losses from the Chilean earthquake earlier in March.
Mutual body blasts solvency II plans
"If the principle of proportionality introduced by Solvency II does not work in practice, we are likely to see aggressive market consolidation," claims AMICE boss.
Omega claims gains elsewhere offset Lloyd's reduction
The group's gross premium income remained almost static on US$265.8m (2008: US$265.4m), although Omega claimed to nhave seen "significant growth in new operating platforms in Bermuda and US".
IRM embraces social media
The Institute of Risk Management has launched an online resource centre to equip members with free access to tools, templates and information to assist them with each stage of the risk management process, as well as implementation of effective risk…
Bolt warns underwriters of claims increase
Lloyd's recently appointed director of performance management Tom Bolt has warned underwriters to prepare for an increase in claims from financial institutions.
Commission disclosure fear for brokers seeking IPO
Brokers planning to list on the London Stock Exchange should be wary of potential changes to commission disclosure rules, KPMG warned this week.
Chaucer redomiciliation likely over tax fears
Chaucer has indicated that high corporation tax in the UK could force it to redomicile to Switzerland, Bermuda or Ireland in 2011, despite posting an increase in profit of £134.8m for 2009.
Hardy sees profits rocket before exchange
Bermuda-domiciled insurer Hardy has reported a steep increase in profit before tax and foreign exchange movements of £26.7m (2008: £4.4m), in contrast to a slight dip in profit before tax of £20.1m (2008: £23.1m). The combined ratio before foreign…
Axa Corporate growth
Axa Corporate Solutions posted a 2.3% growth in 2009 turnover on a comparable basis, reaching E1.93bn (£1.75bn), while underlying earnings were up by 17% at E133m
Novae pre-tax profit fall
Novae Group has posted a 35% fall in adjusted pre-tax profit in 2009, hurt by aviation reinsurance and credit losses in the first half of the year.