Lloyd’s/London
Lloyd’s – China: Chasing the Chinese dream
As the world’s second largest economy, China is a tempting opportunity for insurers. Leigh Jackson reports on the key role being played by Lloyd’s, the difficulties in gaining traction and the reality checks on expectations.
Mitsui poaches Catlin pair in Midlands market push
Mitsui Sumitomo has enticed an underwriting duo from Catlin to spearhead its regional mid-market push in the Midlands, Post has learnt, having earlier lured a team from Chubb to build its presence in Ireland.
Quadra lures back previous customers
A Manchester-based loss adjusting firm, created by the founders of Carr Greenwood Smith, has won back old customers UK General and Ecclesiastical following its split from Merlin in March last year and recruited more than a dozen employees.
Interview - Keith Stern: Raising the regional profile of Lloyd's
Tasked with rejuvenating Lloyd’s in the UK, as others look to international expansion, Keith Stern talks to Leigh Jackson about raising its regional profile and how he plans to overcome some common misconceptions.
People moves - 11 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 11 August 2011 edition of Post.
Post Magazine – 11 August 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Insurer estimates hit £750m as city riot damage racks up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories which include how RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims, based on market share, as the latest riot bill estimate hits …
Join Allianz, Groupama, BMS, Novae, SSP, CII and Lancashire in signing up for the Insurance Cup
With the football leagues in England and Scotland now underway, there has never been a better time to think about dusting off the boots and signing up for The Prince's Trust Insurance Cup.
Marketform hires new CFO
Lloyd’s insurer Marketform has announced the appointment of a new chief financial officer, Paul Guiry, who replaces long standing CFO, Roger Doubtfire, on his retirement.
Shadow Treasury minister tells Osborne to take Solvency II "more seriously"
Chris Leslie MP, shadow financial secretary to the Treasury, today called on the Chancellor to initiate higher level debate on the effects of Solvency II on UK consumers and business.
AIG CEO hails return of AIG as "an investment-grade company"
The CEO and president of AIG has heralded its Q2 financials as a sign that it is again "an investment-grade company independent of government support".
Canopius appoints underwriters to sabotage and terrorism team
Canopius has appointed Tim Davies and Jennie Beard as underwriters to its sabotage & terrorism team.
Swiss Re reports second quarter P&C COR of 78.4%
Swiss Re has reported a net income of $960m (£587m) in the second quarter of 2011, compared to $812m in the same period of 2010.
Lloyd's pursues own probe into Equity syndicate losses
Lloyd's is investigating Equity syndicate's reserve deterioration, Post has learnt, and a Names protest group says the outcome should prove influential to its own campaign over Equity's losses.
Post history - 30 years ago: Insurers wait for Salem appeal result
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Career development & CSR: Paralympian goes for gold with Chaucer sponsorship
One of the UK's top wheelchair rugby players is hoping support from Chaucer will give him the backing he needs to realise his Paralympic medal dream.
Solvency II action remains vital despite delay proposal
Firms have been urged to continue working towards the 1 January 2013 implementation deadline for Solvency II, despite the European Parliament announcement that the regime should be delayed until 2014.
Broking focus - Regulation: The new broom
The Financial Conduct Authority will assume responsibility for the regulation of brokers taking over from the Financial Services Authority at the end of 2012. The Institute of Insurance Brokers, the British Insurance Brokers' Association and the London &…
Editor's comment: The wheels of industry
The schools may be out for summer and European business fast grinding to a halt as workers decamp to the coast but it's good to see the wheels of British commerce continue to turn, albeit at a rather less than frenetic pace.
Post Magazine – 4 August 2011
This week the Post team reports on Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own campaign over Equity’s losses.
Marsh sees H1 growth in broking reveune and profit
Marsh has reported a 5% rise in the underlying reveune in its risk and insurance business to $3.3bn for the six months to 30 June 2011 (H1 2010: $2.95bn).
Lloyd’s pursues own probe into Equity syndicate losses – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own…
RGL appoints new London-based director
RGL Forensics has appointed a new internal director at its London office.
XL boss hails Q2/H1 2011 performance as among the best of its peers
XL has announced a fall in net income for the first six months of 2011 to $80.1m (H1 2010: $392.3m) on gross written premiums of $3.8bn (H1 2010: $3.43bn).