Lloyd’s/London
LMA targeting under-30s with committee representation
The Lloyd’s Market Association is to bolster representation for young professionals with representation for under-30s on the LMA market and technical committees.
Insurers need to have clear policies over sanctions says IUMI
The International Union of Marine Insurance has called for insurers and reinsurers to have clear policies with regards sanctions.
Hiscox adds two to London market personal accident team
Hiscox has expanded its London market personal accident team with the hire of a team leader and senior underwriter.
P&I Clubs face 5% premium increase, claims report
Lloyd's broker Tysers is estimating a 5% premium increase for P&I Clubs after a benign 2013/14.
MSIG notches ‘best ever’ underwriting result for 2013
Mitsui Sumitomo’s Lloyd’s operation has reported record underwriting profits for the year ending 31 December 2013.
Satellites: Space is the place
With an increased reliance on satellite technology, how can insurers mitigate against the major risks inherent in the rise of global communication networks?
Comment: Audit scope: New scope for coverholder audits
New requirements will need to be met after changes to coverholder audits were announced at the Lloyd’s Coverholder Auditors conference. Alec MacMillan, senior auditor at Triton Audit, explains what changes are in store for the sector
Hiscox appoints Krefta to Syndicate 33
Hiscox Re chief underwriting officer Michael Krefta has been appointed joint active underwriter for Syndicate 33 and active underwriter for Syndicate 6104.
Prosight grows footprint with string of hires
Prosight Specialty Underwriters has established an accident and health team in the London market and appointed Roger Perry as lead underwriter.
Sportscover enters strategic talks with Hamilton Insurance Group
Lloyd's insurer Sportscover and Bermuda-based property and casualty insurer Hamilton Insurance Group have entered into exclusive talks around the future control of Sportscover Underwriting.
Canopius expands US presence
Canopius Group has expanded its US presence with the launch of Canopius Underwriting Agency.
Concordia-style ship groundings top industrial cover losses
Ship groundings like that of the Costa Concordia represent the largest total value of insured loss over the last four years, according to figures from Allianz Global Corporate & Specialty.
Aon unveils syndicate-backed professional indemnity facility
Aon has launched a new professional indemnity product with the backing of Lloyd’s syndicates including Novae and Argo.
Pioneer poaches Travelers FI boss for new product launch
Minova-owned managing general agent Pioneer Underwriting has recruited Travelers’ product manager for financial institutions as it seeks to launch its own FI range.
GAB Robins recruits BLM's Doolan to lead London Market development
GAB Robins has recruited from law firm BLM for a new head of London Market, Post can reveal.
Lloyd’s chair lends support to ‘better together’ campaign
Lloyd’s chairman John Nelson has urged Scots to vote against independence in a referendum to be held on 18 September.
Oval International snapped up by Kaufman Financial Group
HW Kaufman Financial Group has bought Lloyd's broker Oval International which is to return to its original name, Lochain Patrick.
Altitude hires former broker for underwriting role
Aviation and space underwriter Altitude Risk Partners has appointed former broker Charles Hollingworth as underwriter.
Lloyd’s set to benefit from increased investment as eastern markets mature
Analysts say eastern interest is ‘clearly a trend’ after completion of several deals
Blog: Five insurance narratives worth following for the rest of the year
So far in 2014 we have seen a number of major developments and loose ends seemingly tied up.
BLM announces flagship London office plans
Insurance law firm BLM has unveiled plans to relocate staff in its London operation to a single EC3 office in Q1 next year.
Lloyd's extends Construction Consortium for Asia
After launching last year in London, Lloyd's has extended its Construction Consortium to Asia.
Barbican follows Cathedral in signing up for Charles Taylor claims service
Barbican has become the second managing agent to sign up for Charles Taylors’s elective claims service.
Price Forbes recruits four Gallagher financial lines leaders
Lloyd’s broker Price Forbes has recruited four new staff from A J Gallagher, including Adrian Fox, the head of the financial lines international broking and wholesale division.