Lloyd’s/London
Motorsports specialist Ellis Clowes acquired by Integro
Lloyd’s sports and hostile territories specialty broker Ellis Clowes has been acquired by US-based broker Integro.
Novae CEO Fosh confident for Q4 despite softening market
Novae Group CEO Matthew Fosh believes the specialist Lloyd’s player is “well positioned” for the final quarter, despite a softening rating environment, after achieving a 20.3% uptick in gross written premiums over the opening nine months of 2015.
Global insurance leaders back inaugural Insurance Careers Month
Lloyd's CEO Inga Beale is one of several global insurance players to pledge their support to the inaugural Insurance Careers Month to be held during February 2016 in the US.
LMG welcomes start of ILS legislative process
The government has tabled an amendment to the Bank of England and Financial Services Bill seeking power for the Treasury to make regulations facilitating and regulating insurance linked securities (ILS) business, a move welcomed by the London Market…
Aspen recruits from XL Catlin for Lloyd's Singapore platform
Aspen Insurance will become the latest syndicate to join the Lloyd's Asia platform.
Pressure building as Solvency II enactment enters final countdown
As the Solvency II countdown enters its final stages industry observers are warning some insurers will struggle to be ready by the 1 January start date and that there could be more pain on the horizon.
Local markets to benefit as Lloyd's targets more shariah compliant underwriters
Moves by the London market to embrace the provision of Islamic insurance products will provide a boon to local markets and customers, according to the CEO of the Dubai Islamic Economy Development Centre.
Mahoney replaces Turnbull as RFIB CEO
RFIB Holdings executive chairman Dennis Mahoney is to replace Jonathan Turnbull as CEO at the company.
Xchanging pens three year deal with Lloyd's Asia platform
From 1 January 2016 Xchanging will provide technology to the Lloyd's Asia platform in Singapore.
New CEO announced for London Market Group
Benedict Reid will take over as CEO at the London Market Group from the end of November.
Lancashire sees GWP drop 20.8% in Q3
Lloyd's insurer Lancashire reported a 20.8% decrease in gross written premiums in the third quarter of 2015 to $120.4m (£78m) (Q3 2014: $152.1m).
Markel sees Q3 COR improve to 88%
Markel Corporation has reported a combined ratio of 88% for the third quarter of 2015, an improvement on the result of 97% in the third quarter of 2014.
International Underwriting Association partners with Singapore Reinsurers' Association
The International Underwriting Association of London is to partner with the Singapore Reinsurers' Association to enhance their membership offerings.
Markel appoints former Cooper Gay director in China
Markel has appointed Helena Zhang as business development manager for its underwriting division at Lloyd's China.
Career Development: CII’s New Generation Group launches for 2016
The Chartered Insurance Institute’s New Generation Group, class of 2016, met for the first time at the launch event held in London on 23 October.
CFC expands healthcare offering with medical malpractice account
Lloyd's managing general agent CFC is to enter the medical malpractice market and has poached two people from WR Berkley to run the account.
Lloyd's India agreement imminent, says head of global markets
Vincent Vandendael, director - global markets, Lloyd's has told Post an agreement for a Lloyd's reinsurance market to open in India is imminent.
Diversity on the agenda as industry welcomes succession planning scrutiny
Clearer guidance on succession planning for boards is needed across the insurance industry, with analysts and industry players agreeing the Financial Reporting Council’s discussion paper on the issue is a timely step.
Changes on board for Tokio Marine Kiln group
Tokio Marine Kiln will merge the board leadership at two of their businesses with changes to come into effect from 1 January next year.
London heads to Dubai for inaugural Islamic Insurance conference
The Islamic Insurance Association of London (IIAL) will hold its first conference with the Islamic insurance and risk community in Dubai next Sunday (8 November) to see how the sector can move to the next level.
Tokio Marine and PICC agree to offer IP protection for Chinese companies
Tokio Marine Kiln has agreed with Chinese giant PICC to provide intellectual property infringement liability insurance to Chinese companies.
Asta granted 'in principle' approval for £46m GWP Skuld syndicate
Asta Managing Agency has been granted 'in principle' approval from Lloyd's to set-up special purpose syndicate 6126 that has planned gross written premiums of £46m for 2016.
Argo Global hires marine leader in China
Lloyd's syndicate Argo Global has hired Willis China's former head of trade and logistics Yan Jun as its China marine underwriting manager.
Interview: Heather Wheeler: Picking up the baton
Heather Wheeler MP has taken over as chair of the All Party Parliamentary Group for Insurance and Financial Services. She talks to Post about her leadership style and what issues are on the agenda