Lloyd’s/London
Axis increases Novae takeover offer to 715p per share
Axis has improved its cash offer to acquire Novae to 715 pence per share valuing the Lloyd’s listed insurer at approximately £477.6m.
Aviva names Nick Major as global corporate and specialty CUO
Aviva has named former Zurich chief underwriting officer Nick Major as CUO for the its global corporate and specialty division.
Nexassure to open specialist MGA in London
Singapore-based MGA Nexassure is set to open a specialist managing general agent in London.
Ascot launches specialty MGA Ethos
Ascot Group has created a standalone managing general agent and appointed Michael Sillat as CEO, effective 1 December 2017.
LMA launches working party to tackle banking regulations
The Lloyd’s Market Association has launched a political risk working group to examine regulatory issues affecting banking sector.
Robert Organ to become CEO of Tasker Insurance
Ex-Bluefin CEO Robert Organ will replace Paul Tasker in September of this year.
Matthew Moore appointed as LSM president as Metcalf steps down
Matthew Moore will take over as president of Liberty Specialty Markets as Nick Metcalf, president and managing director of the company, steps down.
Fidelis appoints Charles Mathias to its board of directors
Fidelis has appointed Charles Mathias to its board of directors, replacing Neil McConachie who resigned as group financial officer and director earlier this year.
ERS sees profits plummet 280% from Ogden hit
ERS has seen a 280% fall in profits as the company suffered a hit from Ogden.
Deloitte partner Rakow fined £75,000 for misconduct
Deloitte partner James Rakow has been fined £75,000 for misconduct in relation to actuarial services provided to Equity Syndicate Management Limited.
Insurance United Against Dementia: How JLT Specialty is building a strategic partnership with Alzheimer's Society
As Insurance United Against Dementia looks to build on the momentum of its association with the British Insurance Awards, Jonathan Swift spoke to JLT Specialty about its tie up with IUAD's charity partner Alzheimer's Society.
Markel hires political risk underwriter in Singapore
Specialist insurer Markel has recruited a political risk underwriter in Asia.
Obituary: Mike Hannan, a ‘venerable institution’ of Lloyd’s
Mike Hannan, a “venerable institution” of the London insurance market, has passed away this week aged 74.
Brit's profits fall in first half
UK-based Brit Insurance's investment returns have hit profits in the first half of the year.
I work in insurance: Dr Edwin Rajadurai, Servca
Dr Edwin Rajadurai is an associate director with Lloyd’s broker Servca. He qualified as a doctor in 2011 from Lugansk State Medical University in the Ukraine.
Novae and Axis boards give acquisition the green light
The boards of Novae and Axis have agreed the terms of sale that will see the Bermuda-based reinsurer take over the Lloyd’s carrier.
Ascot launches standalone MGA platform, appoints former AIG executive
Ascot has named former AIG executive Greg Wolyniec as new head of global strategy, effective 31 July 2017.
Neon names Boorman head of financial lines
Specialty carrier Neon has named Charles Boorman head of financial lines.
Towergate takes aim at specialty market with Geo Specialty launch
Towergate Underwriting has set its sights on the London speciality market through the launch of Geo Specialty.
Argo Global makes two senior appointments
Argo Global has appointed Dominic Kirby as managing director as David Harris prepares to step down and take on a new role.
GDPR to boost UK cyber insurance take up, says Hiscox CEO
Incoming European data regulations will drive demand for cyber insurance in the UK, according to Hiscox’s CEO.
Dale Underwriting Partners receives Lloyd's nod on contingency SPA
Dale Underwriting Partners has been granted in principle approval by the Lloyd’s Franchise Board to establish a special purpose arrangement.
PPL update expected mid-September following delays
Placing Platform Limited, the London market’s electronic placing platform, will get its next update in mid-September, the platform's board has said.
Lancashire profit up at $67m in H1
Property and casualty insurer Lancashire reported an 18% rise in first-half pre-tax profit thanks to a benign loss period.