Lloyd’s/London
IUMI: Marine insurance market at "bottom of the pricing barrel"
Marine insurance brokers have been urged to warn clients that increases in rates and deductibles are on the way as part of the industry's push to escape the soft market cycle.
IUMI: Insurance industry acted responsibly during economic meltdown
The economic crisis will create opportunities for the global insurance and reinsurance market if it can deliver "true resilience", delegates at the International Union of Marine Insurance annual conference have heard.
Julian Millar joins Claimspro
Former QBE and Royal Bank of Scotland Insurance claims boss Julian Millar has joined loss adjusting business Claimspro International as managing director.
Aro Underwriting unveils risk facility product
Aro Underwriting has launched a complex risk facility following its approval as a Lloyd's coverholder.
QBE sells Macedonia shareholding to Vienna Insurance
QBE has reached agreement with Vienna Insurance to sell its 65% shareholding in QBE Macedonia for an undisclosed sum.
Overcapacity constraining cargo market
Soft market rates caused by overcapacity continue to act as a constraint on the global cargo insurance market, despite some significant losses.
MGAA holds 'successful' capacity exchange
The inaugural Managing General Agents' Association capacity exchange has been hailed by insurers and MGAs alike as an effective way to identify and develop new products and schemes opportunities.
Giles unveils reinsurance division
Giles Group has launched a new reinsurance division called EC3 Brokers after months of anticipation.
Aspen recruits former Hiscox head
Aspen Risk Management has appointed Lee Chelton, pictured, as head of regional professional indemnity.
Seven directors quit Omega
Seven directors including Omega chief executive Richard Pexton have quit the business.
Oxford MD quits to join CFC
Oxford Insurance Brokers managing director Neill Cotton has quit the company after almost a decade to join CFC.
Michael Jackson promoter withdraws £11m insurance claim
Michael Jackson's former concert promoter is to withdraw a £10.9m insurance claim over the pop star's cancelled shows.
Shortlist revealed for Underwriting Service Awards 2012
Risk-pricing skill, understanding of clients' needs and quality of service are all vital to insurers' long-term success.
QBE confirms reinsurance restructure
QBE European Operations has finally announced a restructure of its European reinsurance business, which takes effect on 30 September 2012.
Tawa puts itself up for sale
Specialist insurance investor Tawa has unveiled plans to sell the business and is seeking potential offers.
Novae reveals reinsurance management reshuffle
Novae has restructured the key management team in its Novae Re reinsurance division in Zurich and London, following a stream of departures earlier in the summer.
Hannover Re looks forward to Jan renewals
Hannover Re is "looking ahead with confidence" to the 1 January treaty renewals after being upgraded from A to A+ by AM Best.
Mitsui Sumitomo names new professional indemnity underwriter
Mitsui Sumitomo has promoted Stuart Wood, pictured, to class underwriter for professional indemnity in its professional lines operation.
R&Q reports 56% rise in profit
Randall & Quilter has reported a 56% increase in profit before tax to £4.6m in the first half of 2012 compared with the same period last year(H1 2011: £3.0m).
Monte Carlo preview: The calm after the storm
With 2011 rocked by political uprisings and catastrophes, delegates at the Monte Carlo Rendez-vous had much to discuss. However, a year later, with the market beginning to settle, what will be on the agenda?
Canopius bounces back with 87% COR and £33m shareholder profit
Specialist insurer Canopius has posted an improved combined operating ratio of 87% for the first six months of the year, 38% better than last year.
VRS and Woodgate & Clark lead the way in Loss Adjusting Awards 2012 shortlist
The shortlist for the 2012 Loss Adjusting Awards is now live.
Lloyd's names Vandendael as international markets director
Zurich's Vincent Vandendael appointed to the role, sitting in London.
RBS' Van Saun joins Lloyd's Franchise Board
Lloyd's has appointed Bruce Van Saun to independent non-executive director on the Lloyd's Franchise Board.