Lloyd’s/London
Marketform announces quartet of hires to M&A team
Specialist Lloyd's underwriter Marketform has hired four mergers and acquisitions specialists to spearhead a new team launched today (23 October).
Lloyd's approves first Mexican insurer to join platform
Lloyd's has given in principle approval for the Mexican insurer Patria Re to join its platform.
Lloyd's pledges co-operation with China Taiping Insurance Group
Lloyd's has signed a Memorandum of Understanding with the China Taiping Insurance Group, marking a significant level of co-operation between the two.
London market claims system Write-Back goes live
Write-Back, the system that allows the IT systems of Lloyd’s managing agents to interact fully with the market’s central claims systems, went live on 17 October, supported by eight carriers.
Inga Beale tops list of most influential LGBT executives
Lloyd's CEO Inga Beale has topped a list of the leading lesbian, gay, bisexual and transgender executives in the country.
Absence of specialist underwriters sees Lloyd's cyber risk appetite shrink
Absence of a specialist underwriter and failing to recognise cyber exposure in pricing and capital models have been cited as reasons for Lloyd's potentially limiting the amount of cyber insurance it writes, as UK government data estimates 2.5 million…
Powell to lead terrorism division at Acappella Syndicate 2014
Acappella Syndicate 2014 has appointed Jonathan Powell as divisional head of its new war, terrorism and political violence division.
Lang joins ArgoGlobal as COO
ArgoGlobal has hired Lloyd's former chief data officer David Lang as its new COO.
Ferma 2015: Lloyd's and Ferma to launch ‘masters' training programme
The Federation of European Risk Management Associations and Lloyd's today (6 October) launched the third edition of their joint professional development programme, including a masters' day for experienced risk managers.
Compre given capital backing for acquisition trail after CPBE deal completes
Private equity house CBPE Capital has pledged that extra capital will be available to fund acquisitions following the completion of its takeover of UK-based legacy specialist Compre for an undisclosed sum.
Willis sells stake in Miller to US giant
BB&T IHC International is buying a 16.9% stake in Miller Insurance from Willis for an undisclosed sum.
Impact Forum: Insurers need to reclaim the aviation market
Insurers need to regain control of the aviation market before it is too late, according to Olivier Marre, senior vice-president of aviation at Allied World.
Carney warns of climate change threat to insurers
Speaking at the annual Lloyd's of London dinner last night, Mark Carney, the governor of the Bank of England warned about the troubling financial implications of a changing climate for insurers.
Impact Forum: Lloyd’s takes no nonsense approach to cyber
The Lloyd’s market is tackling cyber head-on as it aims to reduce the risk for its syndicates, according to Nick Beecroft, emerging risk and research specialist at Lloyd’s.
Aon's Christian to focus on diversity as IIL president
Aon's UK CEO Dominic Christian has been appointed president of the Insurance Institute of London and will focus on diversity and inclusion as the theme of his term.
Dual targets more private clients with rebranding
Dual is targeting more private client business as it wraps its Aqua and Aarun private clients' portfolios with Dual's global reach.
Lim moves from Allied World to ArgoGlobal Asia
David Lim has been appointed head of marine at ArgoGlobal Asia.
Tune in to live webinar today at 15:00 on the subject of pricing
Given the competitive nature of the insurance market, chief underwriting officers and their teams face multifaceted challenges making sure that they are pricing risks both correctly and competitively.
Hearn extends LMG chairmanship ahead of London Matters response
The London Market Group has unveiled a number of steps in responding to the challenges of the London Matters report, which has led to Steve Hearn extending his chairmanship of the LMG until the end of 2016.
Markel appoints China head
Markel has hired Hu Qianhai to lead its China operations.
Lloyd's cyber consortium launched by Beazley, Aspen and Brit
Beazley has joined forces with Lloyd’s syndicates managed by Aspen and Brit Global Specialty to launch the International Cyber Consortium.
Lloyd's underwriters back skilled migrants insurance product
An insurance product specifically for skilled migrants has been launched with the backing of certain Lloyd’s underwriters to provide security for people immigrating, or those who have already immigrated, to Australia and New Zealand.
Editor's Comment: The era of mega deals
This year’s trend for mega merger and acquisition deals continued last week when Japanese insurer Mitsui Sumitomo agreed a deal to acquire Amlin for £3.47bn – more than twice its tangible book value, subject to approval – while in the broking sector…
London market diversity under the microscope as consolidation continues unabated
The London market is in danger of becoming too consolidated as a result of the current M&A wave, commentators have warned, with market diversity dependent on small start-up businesses emerging in the coming years.