Lloyd’s/London
LMA and IUA release Insurance Act guide
The Lloyd's Market Association and the International Underwriting Association have published a guide to the Insurance Act 2015 to help readers understand any potential challenges under the new law.
Fidelis model could usher in era of 'responsible underwriting', says Brindle
The business model pioneered by new insurance start-up Fidelis could stoke a move towards more “responsible underwriting”, according to CEO and chief underwriting officer Richard Brindle.
Career File: Bronek Masojoda - Hiscox CEO takes Pool Re non-exec role
Pool Re has appointed Hiscox CEO Bronek Masojoda as non-executive director.
Lancashire looks internally for CRO appointment
Lancashire Holdings has appointed group internal audit head Louise Wells as its group chief risk officer, effective 28 July.
Career development: Recognition for Chaucer's graduate scheme
Chaucer, the specialist Lloyd's insurance group, has been chosen as the ‘top company for graduates to work for in accountancy and insurance', for companies that take on less than 30 graduates a year, by The Job Crowd, a UK-based graduate job review…
AIG gives London market platform £6.5m capacity boost
AIG has increased the capacity available through its London market platform by $10m (£6.5m) across all financial lines and casualty products and for the exclusive use of the international wholesale market.
ANV adds three to syndicate consumer products team
ANV Holdings has appointed three people to its eight-strong consumer products team within Syndicate 5820 reporting to recently appointed active underwriter Bruce Whitmee.
Novae hails success of Syndicate 2007
Novae's gross written premium for Q1 2015 was £257.6m (Q1 2014: £195.1m), an increase of 32% (27.5% at constant exchange rates).
Hiscox sees Q1 GWP rise 12%
Hiscox has reported a 12% increase in gross written premiums for the three months ended 31 March 2015 to £561.7m (Q1 2014: £501.6m).
Markel reports 83% Q1 combined ratio
Markel Corporation saw a more than 10 percentage point improvement in its combined ratio for the first quarter of 2015 to 83% from 95% in Q1 2014.
XL Catlin company name to be launched as protracted takeover is concluded
The takeover of Catlin by XL will result in the combined entity being marketed as XL Catlin as part of a global advertising campaign to be launched next week.
Scheme of arrangement for XL's takeover of Catlin becomes effective
The scheme of arrangement under section 99 of the Companies Act 1981 pursuant to which XL Group has acquired the entire issued and to be issued share capital of Catlin Group has become effective.
Zhang to exit Markel after Shanghai office opening
Steven Zhang, chief representative of Markel's Beijing office, will be leaving the company after helping establish the Shanghai office.
Quotas not seen as the cure for lack of London market diversity
London market professionals have acknowledged more needs to be done to overcome its historic lack of inclusivity, but have stopped short of backing a quota system as a means to increase diversity in the marketplace.
Penny Black’s Insurance Week - 30 April 2015
Penny has some sympathy for company recruiters these days, with many fearful of cracking a joke in case a poorly judged remark lands them on the wrong side of an employment tribunal.
Brit appoints South America expert from Swiss Re
Guillermo Eslava has left Swiss Re to become vice president, casualty reinsurance for Latin America and the Caribbean at Brit.
Aspen ‘operating on all cylinders' in Q1
Aspen Insurance Holdings has reported a net income after tax of $128m (£85.5m) for the three months ended 31 March 2015 alongside a 7.4% increase in gross written premiums.
Biba joins Lloyd's diversity charter
The British Insurance Brokers' Association has become an official supporter of the Inclusion At Lloyd's initiative by signing the Lloyd's diversity and inclusion charter.
Lochain Patrick looks to Alston Gayler for director hire
Lloyd's broker Lochain Patrick has appointed marine and energy specialist David Jackson as a director and producing broker.
Trade Voice: Inclusion key to developing skills
It’s not just new entrants into the industry that need access to skills and knowledge, says Managing General Agents’ Association, managing director Peter Staddon,
India's long-awaited opportunity
India’s general insurance sector looks set for a flurry of activity following a long-awaited change in the law allowing foreign companies to increase the stakes they hold in local firms, writes Nicky Burridge.
C-suite - Insurer: Apocalypse now?
As long as there is choice in the market, it would take a brave insurer to write off Lloyd’s just yet, says Aegis head of broker relations Nigel Roberts.
Brit syndicate growth highlights Lloyd's desirability for M&A buyers
Gross written premium growth experienced by Brit's sole Lloyd's syndicate in 2014 is a marker of the continuing attractiveness of having a sizeable Lloyd's platform for companies seeking a third party buyer, according to market analysts.
Dual launches Netherlands marine operation
Hyperion's underwriter Dual has opened its first Netherlands office writing marine and energy lines.