Lloyd’s/London
Claims boss David Williams take up new MD role at Lloyd's agency
Argenta Private Capital, the Lloyd’s Members’ Agency subsidiary of Argenta Holdings, has appointed David Williams as managing director.
Chartis MD takes up board role with Lloyd's insurer Ascot
Ascot has appointed two new executive directors, Yvonne Keyes and Mark Smith, and one new non-executive Director, James Shea, all of whom joined the board of Ascot Underwriting this month.
Chubb reports $270m cat hit in Q1 2011
Chubb has reported that the impact of catastrophes in the first quarter of 2011 was $270m (£164m) before tax. This figure includes the winter storms in the US, flooding in Australia, and earthquakes in New Zealand and Japan.
Travelers Q1 NWP down overseas as a result of Lloyd's action
US insurance giant Travelers has reported that its international arm saw a 20% decrease in net written premiums to $255m (£155m) in the first quarter of 2011 compared to the prior year quarter.
Broker UIB reveals involvement in Space Shuttle insurance coverage
United Insurance Brokers and Space Partnership International have revealed that they have placed insurances for commercial payloads flying on the penultimate STS Shuttle mission (STS134), currently scheduled for the 29 April.
Beazley boss still expects mid 90s COR despite major losses
Lloyd's insurer Beazley this morning said premiums reduced by 3% to $426m (2010 $438m) in the first three months of 2011, with premium rates on renewal business decreasing by 1%.
Chaucer rating unchanged as largest shareholder rejects bid
AM Best Europe has said that the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084 and the ICR of “bbb” of Chaucer Holdings are unchanged following the announcement that the board of CH has…
Brightside looks to diversify as talks held with Arch
Brightside is in talks to add Arch Capital to its panel of commercial insurers, as the broker aims to move into a series of new risks in its commercial portfolio.
Confusion over Solvency II as FSA revises model plans
Solvency II experts have voiced concerns over the uncertainty surrounding the incoming European Union legislation, after the Financial Services Authority revealed revised plans for its handling of internal model applications.
Directors jailed for £1m insurance fraud
Two directors at the centre of a £1m insurance fraud have been jailed for a combined sentence of 10 years at Southwark Crown Court.
Post history - 30 years ago: Insurers face £10m bill for Salem loss
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this article from 30 years ago reveals.
Lloyd’s names Lord Levene successor
City veteran John Nelson is set to take over from Lord Levene as chairman of Lloyd’s in October.
TfL confirms insurance panel
Transport for London has selected 27 insurance companies that will provide its cover in an agreement worth a combined £24m.
Post magazine – 21 April 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
MoJ and mobile operators join forces to eliminate text pests - Insurance News Now – 21 April 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including an announcement that the MoJ is to set up a dedicated working group with the UK’s major mobile firm operators to tackle the problem of unsolicited text…
Chaucer accepts Hanover bid
US firm The Hanover Insurance Group has had a £313m bid to acquire Chaucer accepted.
BMS launches Pioneer Underwriting with Liberty Syndicates
BMS has launched a new Lloyd’s managing general agent - Pioneer Underwriting - in conjunction with Liberty Syndicates.
Aon Benfield: reinsurance capital hits all time high at year end 2010
The total global reinsurer capital reached an all-time high of $470bn (£288bn) at December 31, 2010 – a 17% increase over the 2009 period, according to Aon Benfield.
RFIB appoints aviation broker
Neil Coldwell has been appointed as an aviation broker at RFIB Group.
Lloyd’s confirms Nelson appointment
Lloyd’s has confirmed that John Nelson will become chairman of the insurance market in October replacing Lord Levene.
HDI-Gerling swoops for Ace manager to open second UK office
Industrial insurance company HDI-Gerling has announced the creation of its second UK regional hub in Birmingham, England.
Lloyd’s lines up next chairman
John Nelson, the former investment banker who chairs Hammerson, the FTSE 100 property company, is being lined up as the next chairman of Lloyd's of London, according to Sky News.
Kiln launches first carbon credit insurance product
A carbon credit insurance product developed by Parhelion Underwriting was underwritten by Kiln for a major international bank last week.
NIG underwriter joins Plum
Household insurance specialist Plum Underwriting has hired two underwriters.