Lloyd’s/London
Asta confirms launch of two syndicates for 2014
Asta is launching two Lloyd’s syndicates for 2014, Axis Syndicate 1686 and Duncan Dale Syndicate 1729.
Insurers urged to stay vigilant on avoiding sanctions violations
Accountancy firm Moore Stephens is urging insurers to remain vigilant in avoiding sanctions violations or risk facing penalties after positive signals that international sanctions on Iran are relaxing.
Insurers praise speed of London market response to Nairobi mall attack
The speed of the London market response to September’s Nairobi shopping mall siege demonstrates its authority in reacting to terrorist events, those involved in the response have told Post.
Canopius announces claims units reshuffle
Canopius has moved to align its claims operations more closes with its three business units of global property, global specialty and UK retail, including announcing an internal promotion for the role of UK retail claims head.
Q&A: Craig Cannonier and Bob Richards: Bermudian bigwigs
Bermuda’s Premier and Finance Minister discuss the island’s insurance industry and its relationship with the UK market.
Lloyd’s: A period of adjustment
In a challenging year for the market, how is Lloyd’s responding to regulatory changes, international competition and the potential threat posed by passive underwriting structures?
Market Moves: Big moves among brokers as Lyons and Trott re-emerge in new roles
A hectic spurt of recruitment this week saw some top-level moves at some of the UK’s largest brokers, with Gallagher recruiting an RSA account manager to help run sales in Scotland and Northern Ireland. Meanwhile. the Scottish broker’s former managing…
C-Suite: Stay a step ahead of cyber crime
From a debilitating attack on service to a simple system break‑in, cyber attacks can vary in their sophistication and in the harm they can cause to organisations, says Chubb's Chris Pavlou.
Xchanging secures new London home
Technology provider Xchanging has confirmed a new address for the business in London, ending a search for a new base launched by plans to demolish buildings in Leadenhall St for a new skyscraper.
Manchester Underwriting acquires Senior Wright Indemnity
Specialist MGA Manchester Underwriting has inked a deal to purchase Lloyd’s broker Senior Writing Indemnity.
R&Q named preferred credit control provider of LMA
Randall and Quilter has been selected as the preferred provider of credit control services by the Lloyd’s Market Association working group.
Macquarie acquires 19.9% share of Equity Redstar
Aquiline Capital Partners has sold a 19.9% share of specialist motor insurer Equity Redstar to Australian investment bank Macquarie.
Penny Black's insurance week - 21 November 2013
Having told a Lloyd’s audience his report on Scottish civil litigation reforms was dubbed “Jackson with a kilt on” by critics, Sheriff Principal James Taylor last week expressed his surprise that no one had turned up at the event brandishing pitchforks.
Canopius in recruitment drive to maximise profits
Canopius Group has made a number of underwriting appointments in a bid to develop profitable growth opportunities across the business.
London market called on to help cut growth in mid-sized power claims
UK power generators have called on the London market to become more involved in using the risk management technique process safety to halt the growth in mid-sized power claims and potentially reduce premiums.
Amlin records 9% increase in fleet motor rates for Q3
Amlin has recorded steady results for quarter three 2013 including stable improvement in its UK commercial business logging a 9% increase in fleet motor rates.
FCA alert to issues with broker sidecar deals
The Financial Conduct Authority has its eye on broker facility deals in the London Market, such as the one forged between Aon and Berkshire Hathaway.
Equity hires Aspen’s Katie Wade to replace Andrew Gibson as CFO
Motor insurance specialist Equity has recruited Aspen’s Katie Wade to replace Andrew Gibson as its chief financial officer.
Editor's comment: Pass me a fork
It appears you can teach an old dog new tricks. Not so long ago I used this space to berate insurers for their lack of action in commercial underwriting, with firms talking the talk but not walking the walk.
Aegis London boosts terrorism footprint with two hires
Aegis London has made two appointments to its terrorism and aviation war account with the aim of increasing its underwriting footprint in the market.
Maven confirms £5m investment into Global Risk Partners
Private equity and alternative asset manager Maven Capital Partners has confirmed it is part of the syndicate providing £55m of investment into London market consolidator Global Risk Partners.
Blog: Will Lloyd's lay down a marker and hire its first female CEO?
“I did not break down the barriers; they were broken down for me by the members of Lloyd’s in a very charming way.”
LMA launches new e-claim file site
The Lloyd’s Market Association is to launch an electronic claim file website on 18 November.
Cullum’s consolidation credentials face test as he joins Penta in backing GRP
Global Risk Partners warned it must adapt quickly amid market uncertainty.