Lloyd’s/London
Jubilee salutes regulators’ PPI guidance
RSG-owned Lloyd’s managing agent Jubilee has welcomed “badly needed” guidance from the Financial Services Authority and the Office of Fair Trading.
Premium taxes soar across Europe
Insurance premium taxes are rising all over Europe as pressure from finance deficits and a worsening economic outlook hits home, according to the Insurance Underwriting Association.
Argo International looks to Besso for underwriting director
Argo International has recruited Besso’s director of underwriting to serve in its general liability team.
Tokio Marine targets EMEA large commercial property market
Tokio Marine’s corporate property business operation is to expand its EMEA focus, providing capacity for the insurance group’s European operation.
Am Best affirms Swiss Re rating
Swiss Re's A+ financial strength rating and issuer credit ratings of ‘aa‘ have been affirmed by AM Best.
Catlin launches new terror cover
Catlin has introduced a new terrorism insurance product via its London-based underwriting subsidiaries.
Top Mark and Claim Reaction launch Northern Ireland venture
Top Mark has joined with loss adjuster Claim Reaction to form a new Northern Ireland operation.
Lonmar hires Towergate MD
Lonmar Global Risks has recruited former Towergate MD Martin Hughes to support its growing presence in the UK broker and MGA market.
Argo adds to underwriting team
Argo International has appointed James Cassidy as an underwriter to its general liability team.
Hyperion reports revenues up 42%
Hyperion has seen total group revenues soar 42% for the year ending 30 September 2012, reaching £111m, from last year’s equivalent of £78m, but organic growth has slowed.
ProSight recruits former Guy Carpenter UK boss as chairman
Former Guy Carpenter UK managing director Mark Hewett has been named chairman of ProSight Specialty Underwriters with immediate effect.
Acquisitive regional broker bolsters equestrian offering
Middlesex broker Bryan James & Co has followed up on a pledge to continue to dip its toe in acquisitive waters after completing the takeover of a property management firm's insurance division.
View from the Top: London looking for leadership
Independent brokers in the capital must adapt to survive the US-led private equity feeding frenzy, says Toby Esser.
R&Q completes £500k Hickson deal
Randall & Quilter has completed its £525 000 acquisition of the entire issued share capital of Isle of Man-domiciled captive insurer Hickson Insurance.
Broking: Lloyd's & London market - Capital investment
Strong US interest in the Lloyd's and London market is driving acquisition activity in the broking sector, but will the City continue to prove popular with overseas investors in 2013?
Antares syndicate wins Japanese funding
Antares has completed a deal with Japanese trading organisation Itochu for investment in its syndicate.
R&Q selects Sequel software
Randall & Quilter Managing Agency has implemented Sequel's Eclipse Underwriting software to form part of its newly launched Syndicate 1991 operating platform.
Lloyd's syndicate launches indie film cover
Syndicate ProSight 1110 is to offer insurance to independent film makers covering filming mishaps and failure to complete a film on time and on budget.
Insured losses exceed $50bn in 2012
The reinsurance sector is "equipped with ample dedicated capital and stable pricing" as it enters 2013, according to Guy Carpenter.
Qatarlyst confirms ongoing sale talks
Qatarlyst has announced that it is continuing discussions with "several" partners over a potential purchase.
Catastrophe reinsurance rates unharmed by Sandy, says Willis Re
Property catastrophe reinsurance rates adjusted flat to -5% globally in January renewals.
Markel hoping to capitalise on Alterra Lloyd's business
US-based Markel Corporation is hoping to build on the London operations of Alterra after securing an acquisition deal worth $3.1bn.
Markel to buy Alterra in $3.1bn deal
Markel is to acquire Bermudian insurer and reinsurer Alterra for a combination of stock and cash totalling $3.1bn.
JLT chairman joins Chesterfield Group
Lloyd's broker the Chesterfield Group has appointed David Menzies to grow its accident and health account in the US and internationally, as part of an on-going growth strategy.