Lloyd’s/London
Beazley's 623 reports 21% 2009 return
Beazley's managing agency Beazley Furlonge said its Names syndicate 623 returned 21% on capacity for 2009, but that 2010 would be nil return and 2011 just 2.5% because of catastrophes.
London Market OKs electronic endorsements
The London Market Group has announced that the electronic endorsements initiative will extend to all classes of business from 5 March 2012.
Lloyd's international director quits for CEO role overseas
Jose Ribeiro, director of international markets at Lloyd's, will be leaving in May to take a new chief executive role overseas.
R&Q takes Syndicate 1208 from Equity
Randall and Quilter has reinsured-to-close the former 2007 year of account of Syndicate 1208 into the 2012 year of account of Syndicate 3330.
Commercial Underwriting: Future Frontiers - the world of tomorrow
With the UK commercial insurance market poised to undergo significant change, management consultancy Oliver Wyman visited the year 2022 as part of its Future Frontier Insurance report to glimpse the future of the sector.
In Series: Emerging Markets - India: a land of opportunity
With the economy in India struggling less than those of its Western counterparts, coupled with a rise in consumerism, the insurance industry has major opportunities open to it
Commercial lags behind personal as major insurers reveal their 2011 hands
The results season is more than halfway through and, while analysts have highlighted the increased profit in personal lines despite market saturation, they claim commercial is lagging behind and could worsen.
Markerstudy to expand non-UK motor MGA offering
Markerstudy is to complete a number of deals with managing general agents in the non-UK motor market in the coming months.
Brit 'schtum' on UK sale as profits and GWP drop in 2011
Brit Insurance has reported a profit before tax of £75.8m in 2011 (2010: £116.4m) on gross written premiums of £1.5bn (2010: £1.53bn).
IAG reports loss of $7m for H1 2012, as CEO hails improvement
Insurance Australia Group has reported that its UK arm made an underwriting loss of Au$7m for the six months to 31 December 2011.
Markerstudy backs ex-KGM underwriter's MGA
Former KGM underwriter Colin Hart has secured £25m underwriting capacity from Markerstudy for his UK motor managing general agent Xpekt.
Lancashire CEO Brindle "cautiously optimistic" for 2012 after $219m year end profit
Lancashire has reported an 8.2%, or $56.8m, drop in gross written premium to $632.3m in 2011.
Swiss Re P&C operating income halves despite $1.3bn reserve releases
Swiss Re has seen its property and casualty operating income almost halved in 2011 to US$1.28bn (US$2.47bn).
Interview: Opportunity knocks for Capita's Brent Escott
Having set up, run and sold insurance businesses, Brent Escott is now embarking on a new challenge at the outsourcing giant.
LMA and government reach agreement on export licences
The Lloyd's Market Association has reached agreement with the UK government to speed up the authorisations Lloyd's and other London market underwriters need to insure the international movement of weapons and military equipment used by the United Nations.
Hiscox promotes Gott to HNW head
Specialist insurer Hiscox has appointed Justin Gott as head of art and private client for its UK and Ireland business.
MGAA elects board and targets FSA regulation
The Managing General Agents Association has formed its first elected board with Reg Brown as chair.
Cooper Gay UK MGA undergoes an MBO
Cooper Gay & Co has rebranded its MGA platform, Oliva, as Globe Underwriting as part of a decision to refocus on international business.
Solvency II Timetable Uncertainty: Stopping the clock?
Despite the EC's denials, rumoured delays to the implementation of Solvency II continue to echo around the industry. What are the implications of a postponement to the directive?
Market moves: MGAs making the moves
This week the recruitment space belonged to managing general agents.
Comment: ELTO is not fit for purpose
Improvements are needed to help people trace their insurance policies, says Peter Watson, managing partner at Simpson Miller.
Post magazine – 16 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Willis backs down on contingent commission stance to remain "fully competitive"
Willis has admitted it is to review its practices after revealing it will begin to accept contingent commissions from 1 April in its employee benefits arm.
Plumeri "not satisfied" with Willis in Q4 as UK sees double digit drop
Willis has declared that it saw a double-digit decline in the Willis UK and Ireland retail business in the fourth quarter of 2011.