Lloyd’s/London
Canopius acquires K Drewe and Look
The largest privately owned Lloyd’s company, Canopius, has acquired the businesses of K Drewe Insurance Brokers Limited and Look Insurance Services Limited.
Ascot Underwriting records profit of £97.1m
Ascot Underwriting said its 2010 Lloyd’s results recorded a pre-tax profit of £97.1m and a combined ratio of 79.2%.
Liberty grows Brazilian operations
Lloyd’s underwriter Liberty Syndicates has moved to a new office in Sao Paulo.
International legal group rebrands
The Benefit Insurance Lawyers Group has changed its name to Insuralex.
Exclusive piracy and technology content now available on Post Europe
Post Europe’s weekly update is now live with an article on an article on how international cooperation can tackle piracy and an interview with Ashish Goel from Infosys Technologies.
Erwin: growth to come from broking firm uncertainty
Westinsure's incoming chief executive Norrie Erwin has said regulatory uncertainty in the broking sector will boost the firm's growth.
Crawford fraud boss pinpoints social media as ideal weapon
Crawford & Company vice president of counter-fraud solutions Bobby Gracey has highlighted social networking websites as a new weapon that insurance companies can use to combat fraud.
Aldermanbury Declaration - One Year On: The Debate
If you missed yesterday's live webinar debating the Aldermanbury Declaration - one year on - it is now available for viewing on-demand.
RBSI ousts Esure to win Sainsbury’s Finance contract – Insurance News Now – 24 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including the decision by Sainsbury’s Finance to replace its current motor insurance provider Esure, with Royal bank of Scotland Insurance.
Amlin Corporate CEO to step down
Amlin Corporate Insurance chief executive Patrick Coene is to stand down on 30 June.
Liberty Syndicates expands in Paris
Liberty Syndicates Management has moved to a new office in Paris to accommodate the Lloyd’s underwriter’s growing team.
Exclusive tax and Solvency II content now available on Post Europe
Post Europe’s weekly update is now live with an article on how a crack down on tax evasion in the US is impacting European insurers and an in-depth look at the results from quantitative impact assessment 5 for Solvency II.
LMA calls for removal of referral fees
The Transport Select Committee has missed an opportunity to call for a ban on referral fees for motor claims, according to the Lloyd's Market Association.
Chaucer reduces 2010 cat loss estimates
Chaucer has reduced its best estimate for claims arising from the 2010 New Zealand earthquake and Australian floods.
Jubilee outsources motor claims
Jubilee Insurance has outsourced its run-off motor claims to Beachcroft.
Kiln enters liability market
Insurer and reinsurer Kiln has launched a new liability unit.
Postbox: Time to revisit underwriting essentials
I have worked in underwriting for more than 20 years and, while technology has massively increased the array of tools we have available to underwrite risk, it's frightening to realise how few improvements have been made to the professionalism of our…
Sports cover in spotlight as footballer retires
The London insurance market has highlighted the importance of comprehensive sports insurance, after Reading FC footballer Chris Armstrong was forced to retire due to multiple sclerosis.
Canopius boss: massive quake will be tipping point
Canopius chairman Michael Watson believes the Japanese earthquake could serve as the tipping point on market rates, after lamenting the commercial lines market for its "folly" on low pricing.
Career development & CSR: Searchlight ups specialist training courses to London market players
Insurance industry training provider Searchlight has begun offering specialist courses to London market practitioners.
Post Magazine – 17 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Mitsui Sumitomo establishes disaster control HQ
Mitsui Sumitomo chief executive, Andrew McKee, has given an update on the situation in Japan.
LMA: Lloyd’s underwriters will not play large role in loss adjustment process
The Lloyd’s Market Association, the representative body of underwriters at the Lloyd’s of London market has confirmed Lloyd’s exposure to the Japanese earthquake will be largely limited to reinsurance.
Jubilee seals Hyundai motor deal
Jubilee Managing Agency has partnered with broker Miller and Lloyd’s coverholder Italian Underwriting to launch a 100% satisfaction guarantee programme for Hyundai Motor Company.