Lloyd’s/London
Terror and reinsurance in 2010
While state-run pools take much of the terrorism reinsurance burden, there is a specialist market growing within Lloyd's. Katherine Blackler looks at how well the risks of terrorism are understood and what 2010 may bring
Aviation: Turbulence ahead
The series of air disasters in 2009 were a human tragedy, yet made for only an average loss year for reinsurers. The market should be prepared for tougher times though, argues Eric Alexander
Hoban pledges 'dedicated' resource for insurance
The Conservative Party has attempted to allay the insurance industry's fears that it will be tarred with the same brush as banks, if the party comes to power this year and scraps the current regulator, by promising 'dedicated resources' to the sector.
Miller in FTSE 250 drive
Independent broker Miller has hired the former chief executive of Aon Global UK, Ken MacDonald, to spearhead its expansion in the corporate risk sector.
Post Pick of the Week
Amy Ellis outlines some of the major news from this week's issue of Post including: Go Compare halves losses; Tories pledge on insurance; Merlin refinancing; Miller in FTSE drive; and Heath Lambert chases HSBC account.
Willis appoints interim CFO
Stephen Wood, Willis global group financial controller, replaces Patrick Regan on 19 February.
Marsh raids Zurich for new energy claims boss
Insurance broker Marsh has appointed Martin Clark as the UK leader of its energy claims team from Zurich Financial Services.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
US commercial insurance buyers take issue with Obama's budget blueprint
The Risk and Insurance Management Society, expressed its deep concern with plan to reduce or elminate the federal underpinnings of terrorism insurance.
Lancashire appoints energy chairman
Lancashire Holdings has appointed Len Messenger as chairman of energy for its UK operating subsidiary, Lancashire Insurance Company.
Zurich raids Allianz for marine underwriters
Zurich has appointed Rod O’Malley and John Gibson from Allianz as senior market underwriters in its marine cargo team.
Omega to hold special general meeting in March
Omega Insurance is to hold a special general meeting to consider "resolutions" for the Invesco proposed directors as additional directors of the company.
Insurers support banks against tougher regulation at Davos
Lloyd's, Zurich and Swiss Re have leant their support to bankers attempting to fend of reforms of the financial services industry at the World Economic Forum in Davos.
Post Magazine 28 January 2010
This issue featured an interview with new Zurich UK general insurance CEO Stephen Lewis, a review of the industry's recent PPI troubles, a look at Directors & Officers' market and soem indepth legal updates on professional negligence, broker duties,…
Xchanging brings in new experienced non-executive director
Ewen Gilmour to represent the Lloyd's market association on the board of Xchanging Ins-sure Services.
Holman appoints head of UK sales and marketing
John Holman and Sons has appointed John McCheyne as head of UK sales and marketing.
Lloyd's broker outlines three year plan after reporting static 2009 profit
However, THB group CEO Frank Murphy proud of result which saw increase in fees and commission.
Investing in the Profession: Video interview with Sandy Scott, CII
Sandy Scott, chief executive of the Chartered Insurance Institute and driving force behind the General Insurance Taskforce talks to Ant Gould about the challenges and opportunities facing the general insurance industry in its quest to embrace…
5 Years ago: £40m makes Highway attractive
Highway Insurance could become a more attractive takeover target following revelations it has almost £40m locked away in excess reserves.
30 Years Ago: Olympic threat is scrutinised
Decisions over the Moscow Olympics are being closely watched at Lloyd's, which is now understood to have a $40m (£34.8m) to $45m risk exposure on it for the National Broadcasting Company in the US.
Auger takes pain from drains
Drainage company Auger has launched a new 10-year warranty scheme in conjunction with Liberty Insurance.
London market throws off "macho" resistance tag
The London market is on track to manage the "vast majority" of its claims electronically by 2011 despite persistent resistance to change within the sector, London Market Group chairman Barnabas Hurst-Bannister has claimed.
HBA moves into recycling
Lloyd's of London broker HBA Insurance has made a move into the recycling industry, following the launch of Recyclesure.
Post Video Interview: Brokers impress Scott on professionalism
Brokers have a key role in helping to rebuild trust and confidence in the property and casualty market, according to the chief executive of the Chartered Insurance Institute.