Lloyd’s/London
Transatlantic to launch UK personal lines brand - Insurance News Now – 26 May 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories that include how Transatlantic Re is poised to launch a new UK personal lines general insurance venture to capitalise on hardening premium rates in the motor market.
Whittington sponsors launch of Sirius Lloyd’s Syndicate 1945
Lloyd’s managing agent Whittington Capital Management is sponsoring the launch of a new Lloyd’s syndicate. Syndicate 1945 will be supported by Sirius International Insurance, the Swedish reinsurer that is a member of the White Mountains Insurance Group.
Xchanging restructures UK business
Business process outsourcing company Xchanging has restructured its UK business.
Lancashire unveils new $250m reinsurance vehicle
Lancashire Holdings has today announced that it will launch Accordion Reinsurance, a fully collateralised side car quota share reinsurance arrangement with what it describes as "an innovative capital draw down feature".
BMS grows US wholesale team
Broker BMS Group has recruited Glencairn property boss Ian Gormley to help grow its US wholesale business.
Lloyd’s recreates underwriting room in Warsaw
The historic Lloyd's Underwriting Room has been recreated in Warsaw at an event in Poland.
Chaucer bolstered by rate rises across UK and energy portfolios
Chaucer this morning reported gross written premium income of £274.1m for the first quarter of 2011 (2010 Q1: £250.1m).
Hebburn and Hiscox among winners at first ever Claims Awards
Roy Hebburn, divisional claims manager (technical) at Allianz was handed the inaugural achievement award at last night’s Claims Awards ceremony.
Schemes: Scheming for success
Schemes business requires significant investment to make it work and underwriters are not prepared to tolerate poor profitability. But, as Jane Bernstein reports, the benefits are many and it remains attractive to brokers.
Mitsui steps up mid-market regional push
Mitsui Sumitomo is poised to open its doors in Birmingham as part of its regional mid-market push, ahead of the unveiling of its new property-led product for this target segment in quarter four. The news follows last month's four-strong recruitment in…
Ryan secures "direct access to Lloyd's" with acquisition
Illinois-based Ryan Specialty Group has secured a place in Lloyd's after confirming it has entered an agreement with Jubilee Group to acquire 100% of its share capital.
Jubilee confirms sale to Ryan
Jubilee Group has been sold to Ryan Specialty Group for an undisclosed sum.
Post magazine – 19 May 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Consumer insurance reforms will make it harder to turn down claims - Insurance News Now – 19 May 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how, according to MP Jonathan Evans, the first changes to consumer insurance legislation in more than a century will prevent insurers from “hiding behind”…
CGSC sets up Antwerp marine broker
Cooper Gay Swett & Crawford has established a specialist marine insurance broker, Junge Verzekeringsmakelaars, in Antwerp.
Cooper Gay unveils UK restructure
Cooper Gay has restructured its UK business, Cooper Gay & Co, into three core trading units to form what it hopes will be a "stronger and more streamlined platform" for growth.
Sagicor hit with $36.2m catastrophe loss in Q1
Sagicor “still expects” to record a profit during 2011 despite producing a loss in the first quarter following exceptional natuaral catastrophes affecting its property & casualty book.
Gallagher's crashes UK top 10 broker table with £97m Heath swoop
Arthur J Gallagher has confirmed it has completed the acquisition of Heath Lambert in a £97m cash deal.
Catlin Q1 GWP bolstered by Swiss start-up as UK/London dips 10%
Catlin this morning reported that it had seen an 11 per cent increase in gross premiums written ($1.4bn or £860m) and that over half (52 per cent) had been written by non-London/UK underwriting hubs.
Lloyd's reveals £2.34bn claims hit from quakes, tsunami and flooding
Lloyd’s has today announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia.
Amlin sees GWP rise by 13.7%
Amlin saw its gross written premium (before deduction of brokerage) up 13.7% for the four months ended 30 April 2011 at £1.1bn (30 April 2010: £964.0m).
Post history - 50 years ago: Largest cover on a single vessel
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Energy - overcapacity: Getting plugged in
The energy insurance sector is buzzing at the moment, but Rachel Gordon investigates whether the good times are sustainable.
Broker redomiciling: The case for migration
With the UK becoming an increasingly expensive place to do business, David Coupe questions whether more brokers will look to move abroad.