Lloyd’s/London
From EC3 to the EC
The results of a member feedback survey have spurred Lloyd's of London on to extend its market share by opening more offices in Europe. However, not everyone is convinced by this strategy, as Sam Barrett reports.
All hands on decks: making music at Oxygen
Nigel Barton, chief executive of Oxygen Holdings, talks to Jonathan Swift about his love of dance music, the perils of starting up a broker from scratch, lack of insurer support, blind alleys taken and the successes he has achieved in the market.
Willis appoints COO for captive business
Pauline Margrett is appointed to new senior executive position.
Max Capital names new CEO for Lloyd's business
Bermudian (re)insurer names new CEO for Lloyd's business
Xchanging in Chicago move
Xchanging opens new headquarters in Chicago as part of major US expansion plans
GMAC sells property and casualty business
American Capital Acquisition Corporation buys the company for an unspecified amount
Arig and Hardy form Middle East and Africa reinsurance business
Lloyd’s insurer and reinsurer Hardy Underwriting Bermuda and Arab Insurance Group team together to form Hardy Arig Insurance Management (HAIM).
Two senior Brit Insurance executives go - sources
Two senior executives at Brit have left the company, sources told Reinsurance.
Banco de Brasil in IRB stake buyout talks
Brazil's state-run bank Banco de Brasil is in talks with IRB-Brasil Re about buying a majority stake.
Post wins best financial trade publication of the year at ABI Media Awards
Editor Jonathan Swift proud of team effort.
Willis snags senior fac exec from Guy Carpenter
Willis has brought Hugh Powell from Guy Carpenter to lead a part of its facultative reinsurance broking division.
Towers Perrin UK arm not looking for sale - sources
Towers Watson's UK business is not looking to be sold, a senior source told Reinsurance
Axis expects $136m life derivative hit
Bermudian reinsurer Axis Capital said that it expeects to lose $136m on a longevity risk derivative contract, which will be reported in the third quarter's results.
Lloyd's insurer in global warming warning
Catlin research claims Arctic Ocean will be ice free in a decade.
Brokers upbeat on prospects for 2009
Brokers are upbeat on the prospects for 2009, senior management has told an AM Best conference
Willis in management reorganisation
Willis Re has announced some widespread changes in senior management.
Housley joins new Rowell syndicate
Former Axis specialty chief joins Johnny Rowell's new syndicate, Reinsurance has learned.
Reinsurance demand expected in 2009 not materializing - AM Best
Reinsurance demand expected in 2009 is not materializing, according to AM Best
JLT raids Aon for Asia boss
Dominic Burke hails capture of Anthony Longridge in regional push.
Run off market increased by 30% in 2008
Annual KPMG report claims market is worth £37.4bn.