Lloyd’s/London
Hiscox names Pinchin as reinsurance CEO
Hiscox has appointed its Bermuda chief executive Jeremy Pinchin as the leader of its newly combined reinsurance businesses.
Initial Public Offerings: A good time to float
Following successful initial public offerings by Direct Line Group and Esure, many industry commentators believe market conditions are currently perfect for further flotations. So, is it time for others to go public?
Levene calls for clarity around Co-op's failed bid for Lloyds branches
Former Lloyd's chairman Lord Levene has called on government to confirm whether it favoured the Co-operative Bank's takeover bid of 632 Lloyds Banking Group branches over one by his own vehicle, NBNK.
Brit enters political & credit risk market
Brit has entered the political & credit risk market with the appointments of Peter Jenkins and John Lentaigne as co-heads of the new division.
Willis names new directors ahead of Plumeri board retirement
The Willis board has nominated Francisco Luzón and Jaymin Patel as directors of the company, which completes the slate of directors that will be presented to shareholders at the upcoming annual general meeting.
Besso expands into Australia following Sterling investment
Lloyd’s broker Besso has stepped up its foray into international markets with a minority investment in Sterling Insurance in Australia.
IFB working on new model to attract brokers put off by membership cost
Move coincides with demand for greater broker representation on fraud register
R&Q completes French acquisition
Randall & Quilter Investment Holdings has closed the acquisition of the share capital of French domiciled insurer La Réassurance Intercontinentale from MMA.
Search for independent midwives PI cover at Lloyd's 'a non-starter'
Independent midwives in search of professional indemnity insurance have experienced a further setback after an attempt to track down underwriting capacity from the Lloyd’s market drew a blank.
Hardy names Bunting as claims head
Hardy Underwriting has appointed Matt Bunting as head of claims.
RMS estimates Oklahoma losses could reach $3.5bn
Risk Management Solutions has put insured losses from the Moore, Oklahoma tornado at $2bn to $3.5bn.
Aon France director joins Miller
Aon France has lost its head of political risks, Arnaud Froideval, to Miller where he has joined the marine team.
APC extends liability limits
Underwriting agency APC has increased the limits on the majority of its public and products liability risks to £10m and property risks to £50m in a move that it claims will help smaller brokers win larger clients.
Carlier named Cooper Gay Re CEO
Former RK Carvill and Minet Re chief executive Ron Carlier is to return to the industry leading the reinsurance subsidiary of Cooper Gay Swett & Crawford.
Kiln names former KPMG UK boss as non-exec
Kiln has recruited KPMG’s former UK chief executive to take a seat on its board, leading the insurer’s audit risk and compliance committee.
Moore tornado losses unlikely to reach London insurers
Insured losses from the devastating tornado that hit the Oklahoma City suburb of Moore are unlikely to hit the London market.
White Oak seeks new capacity providers
White Oak Underwriting is seeking new capacity while looking into becoming a risk carrier itself as part of a growth strategy.
Equity closing in on "high profile" director amid overhaul of business
The new chief executive of Equity has outlined its plans to strengthen its specialist lines offering within the motor sector as it moves to a broker-only model.
Ex-Brit director joins Prosight board
Lloyd's coverholder Prosight Specialty Underwriters has appointed former Brit board member Peter Goddard as a non-executive director.
Marine: Tidal waves
Still reeling from recent huge losses, marine insurers cannot increase rates due to over-capacity – but is the outlook for the sector as negative as it seems?
Equity axing 200 jobs in motor focused re-launch
Equity Insurance Group is to cut 200 roles following its acquisition by Jeff Greenberg-led private equity house Aquiline.
Lloyd’s broker Safeonline names new COO
Cyber and technology broker Safeonline has recruited a former consultant and Cooper Gay Swett & Crawford business development boss to serve as partner and chief operating officer.
View from the Top: The slow pace of regulation
Only consistent and uniform implementation across the entire continent will bring benefits.
Penny Black's insurance week
Penny is always fascinated by quirky Lloyd’s policies – Heidi Klum’s legs are insured for $2m, Bruce Springsteen’s vocal cords are covered for $5.5m and Jeff Beck’s fingers are underwritten to the tune of $10m, to name but a few.