Lloyd’s/London
Why the Market has hit the tipping point
Inside view
RenRe risk appetite rewarded with 'stellar' 3Q
Bermudian reinsurer Renaissance Re has reported net income of $251.1m in the third quarter of 2006 compared to a net loss of $287.3 m for the same quarter of 2005. Renaissance said the results benefited from light insured catastrophe loss activity…
Solid 3Q for Axis
Bermudian (re)insurer Axis Capital has reported net income $226.2m, for the quarter ended September 30, 2006, compared with a net loss of $468.1 m for the same quarter in 2005.
Quiddington quits Lloyd's
Steve Quiddington, director of operations at Lloyd's has left the corporation. Mr Quiddington originally joined Lloyd's in 2000 and a was a former director of strategy for National Westminster Bank.
Chaucer to open new managing agency
Chaucer has exchanged agreements with Quanta Capital Holdings and the senior underwriting team of Syndicate 4000 to establish Pembroke Managing Agency to manage Lloyd’s Syndicate 4000.
Appointment at Stewarts
Stewarts has appointed James Healy-Pratt as a partner and head of its aviation department. He will j...
RSA looks to benefit from £180m broker buy
Royal and Sun Alliance is set to be one of the main beneficiaries if Towergate is successful in its ...
Swinton acquires Merseyside specialist Insurance Broker
Swinton Group has purchased Graysons Insurance Consultants Ltd, an Merseyside based broker specialising in insurance for taxis and private hire vehicles with branches in Liverpool, Widnes and Wirral.
XL posts solid third quarter
Global (re)insurer XL Capital has reported net third quarter income of $415.8m set against a net loss of $1,049.2 million for the Katrina and Rita affected third quarter in 2005.
RGA ahead at 3Q
Specialist life reinsurer, Reinsurance group of America (RGA) has reported net income for the third quarter of $74.0m compared to $67.6m in the prior-year quarter.
Platinum releases 3Q results
Platinum Underwriters Holdings has reported net income of $84.9m for the quarter ended September 30, 2006.
Endurance Worldwide in internal treaty promotions
Endurance Worldwide Insurance (EWIL), the UK subsidiary of Bermudian (re)insurer Endurance Specialty, has created two new senior positions in its treaty department.
Jardine Lloyd Thompson in £53.2m Alliant deal
Jardine Lloyd Thompson confirmed the sale of its US-based business to Alliant Insurance Services thi...
Converium in clean break from US with $295m Berkshire deal
Zurich-based reinsurer Converium has signed a definitive agreement to sell its North American operations to Berkshire Hathaway subsidiary, National Indemnity, for $295m, comprising $95m in cash and $200m in assumption of debt.
A Talent initiative first
The Chartered Insurance Institute's industry-led programme is claimed as the first talent initiative...
Is insurance actually interesting?
Insurance is often accused of people dull - yet why do so many people who fall into the sector, actually stay?
Lloyd's CEO outlines four steps for success
The 2006 UK Insurance and Financial Services conference in Glasgow last week saw delegates entertained by a list of high-profile speakers. The Post team reports on the issues that were raised
Converium gets retakaful licence for Malaysia
Converium has received the approval of the Malaysian Labuan Offshore Financial Services Authority (LOFSA) to write international 'Retakaful' business through its Labuan office. Retakaful is the reinsurance of 'Takaful' business, the writing of insurance…
CII launches careeers talent initiative
The Chartered Insurance Institute today launched its talent initiative, in an attempt to tackle the industry’s careers image with potential employees through working with universities, schools, colleges and employers to promote insurance as a career.
Insurance Careers Guide 2006/7: Facts and Figures
he UK insurance industry has for a long time been an important contributor to the economy, a major employer and a significant source of overseas earnings. It helps businesses to protect themselves from risk and provides a wide range of services to…
FSA impatience grows over disclosure failure
Mandatory broker commission disclosure looks increasingly likely after the regulator appeared to be ...
London Market launches electronic claims file repository for Lloyds
The London Market has taken a significant step toward reforming its claims processes by making a ele...
Lloyd's is outperforming its competitors according to Sperryn
Simon Sperryn, chief executive of Lloyd’s Market Association has congratulated the Lloyd's market on its interim results which were published this morning.
Events
27 September - Post Magazine - Fraud Conference. Radisson Edwardian Mayfair, London. E-mail: briony....