Lloyd’s/London
P&I Clubs face pricing pressure: AM Best
Underwriters in the marine protection and indemnity sector must exercise underwriting discipline as their ship-owning members continue to face economic pressure, AM Best has warned.
Asta-managed syndicate reports profit in first year
Dale Underwriting Partners has posted a modest profit in its first year of account, despite “challenging” market conditions.
London market parties trialling Blockchain prototype
A Blockchain prototype will be rolled out as part of the London market modernisation scheme.
Insurance Census 2017: Face of insurance
Insurance, like many financial services sectors, has a reputation for being pale, stale and male. In Post’s latest research Michèle Bacchus finds out if the description still fits and what the industry is doing to effect change
The NRC: From Russia with tough love
The Russian Federation has launched a state-backed reinsurer that will take a hefty slice of outward reinsurance contracts and is raising fears that the London market could lose out.
AGCS to reduce headcount by up to 10%
Allianz Global Corporate & Specialty is to reduce staff numbers by as much as 10%.
'Mixed bag' for London market says Hiscox MD
Hiscox’s London market business has presented an inconsistent and mixed operating year for the insurer, according to Steve Langan, CEO of Hiscox Insurance.
Asta invests in Arma Underwriting
Lloyd’s managing general agent Asta is to finance the development of Arma Underwriting, a London and Dubai reinsurance MGA.
Hiscox posts 'record' 2016 as UK and Europe profits double
Insurer Hiscox has reported a "record" profit of £354m for 2016, an increase of 64%, driven by a benign claims environment and strong investment return.
MS Amlin boosts marine with Phoenix acquisition
Global specialty insurer MS Amlin, is to acquire 100% of the equity of Phoenix Underwriters, a Hong Kong based managing general agent specialising in yachts, super yachts and commercial craft.
Cyber controls are 'not fit for purpose'
Organisations' cyber controls are not fit for purpose, including those recommended by government, according to research from the University of Oxford and Novae.
La Playa achieves Lloyd’s status
Boutique broker La Playa has been approved as a registered Lloyd’s broker.
Axis appoints Brown to lead London PL and MGA growth
Axis has appointed Julian Brown to lead its London market professional lines managing general agency growth.
Fowle succeeds Slabbert as Chaucer CEO
Chaucer's Chief underwriting officer John Fowle has been promoted to CEO of Chaucer Syndicates, parent company Hanover has announced.
Airmic's John Hurrell on why insurers should assess risk culture
It is a well-established practice for underwriters to take into account risk management performance when assessing the risk profile of a business.
Bruce Carnegie-Brown confirmed as next chairman of Lloyd’s
Bruce Carnegie-Brown is to become the chairman of Lloyd’s of London.
RSA's Thomas on how partners can serve your customers better than branches
The future of overseas trading for UK businesses is somewhat clouded by the uncertainty of a post-Brexit world. But what's clear is that it is not just the giants of UK industry that have to grapple with how to work within new rules and channels for…
Week in Post: Moves and booze
For the first time ever, I had to purchase home insurance this week and despite working with the insurance industry, I had no idea how to go about it. So I ended up on an aggregator site.
Aegis Syndicate 1225 posts £56m profit
Aegis London’s Lloyd’s Syndicate 1225 delivered profits of £56m for the year ending 31 December 2016.
Tokio Marine Kiln syndicate hits 2014 forecasts
Tokio Marine Kiln’s Lloyd’s Syndicates have delivered profits for the 2014 year of account, with 510 and 557 achieving their highest return on capacity in recent years.
'They can try and take our pints but they'll never take our freedom'
Lloyd's may have called time on its staff drinking during work hours, but by early afternoon yesterday the bars were thriving with raucous brokers and underwriters.
ILS market hits $75bn in 2016, says WCMA
Non-life insurance-linked securities grew to $75bn (£60bn) in 2016 overcoming a tough operating environment, according to Willis Capital Markets & Advisory.
Catastrophe bonds: A good year for disaster
Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of major disasters. With storms brewing both politically and environmentally, can the catastrophe bond market open new doors to insurers in 2017?
Lloyd's employees given business hours alcohol ban
Around 1000 employees worldwide at Lloyd's of London will no longer be able to consume alcohol during business hours from Monday to Friday.