Lloyd’s/London
QBE reveals $245m weather hit, but profit in line with expectation
QBE has announced that its 2010 net profit after tax in line with market expectations after a record underwriting profit but a lower insurance margin from continuing low interest yields in the US and UK.
LMA issues Egypt alert
The situation in Egypt is being monitored by underwriters and their security advisers.
Markel International sees six point hit on underwriting due to major losses
Markel International has reported gross written premiums of $709.0m for the year ended December 31, 2010, compared to $641.20m for the same period of 2009.
Ex-LSE deputy CEO appointed boss of new regulator CPMA
The Government has announced that Martin Wheatley will become chief executive designate of the Consumer Protection and Markets Authority. He will be formally appointed to the post of chief executive once the new body has been established at the end of…
Munich Re unveils profit estimate for 2010
On the basis of preliminary estimates, Munich Re achieved a consolidated result of €2.43bn for 2010 (2009: €2.56bn), despite substantial major losses, it announced this morning.
In series - Geography & Solvency II: Accurate data is key to Solvency II requirements
The need for more accurate data and improved infrastructure is occupying insurers' Solvency II teams. However, Sam Barrett finds that UK firms are well prepared when it comes to accuracy of information.
View from the top: Answers outside London
The soft market is continuing into 2011 and unlikely to harden any time soon.
Jubilee employment tribunal to reconvene in April
The employment tribunal hearing between Jubilee Managing Agency and former finance and operations director Kate Lewis will reconvene in April.
Post history - 30 years ago: Missing cargo ship claim settled
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.
Former counsel to Lloyd’s joins Serle Court chambers
Julian Burling, previously counsel to Lloyd’s, has joined commercial and chancery chambers Serle Court.
Cooper Gay launches European risk management unit
Cooper Gay has today launched a European Markets operation - an integrated trading unit that aims to provide clients with a consistent and timely service for their risk protection needs.
Ex-Lloyd's CEO Prettejohn confirmed as Brit chair-in-waiting
Former Lloyd's CEO Nick Prettejohn has been confirmed as Achilles nominated candidate to takeover as chairman of Brit Insurance.
Nexus forms Lloyd’s consortium
Nexus Underwriting Management has converted its subsidiary Argo Financial Products in to a Lloyd’s Consortium.
S&P: Omnibus II will stabilise insurer rating environment
Standard & Poor's today said it believes the European Commission's publication of its proposed revisions - known as Omnibus II - to the Solvency II directive, will have a stabilising impact on the market.
Brit share deal extended for fifth time
Achilles' has extended the deadline by which Brit shareholders can accept or decline the private equity consortium’s offer for the company for a fifth time.
Antares names new marine account boss
Specialist Lloyd’s insurer Antares has promoted John Potter to the role of marine hull, energy and liability account manager.
Lloyd's insurer Amlin to acquire underwriting agency Lead Yacht
Amlin has entered into an agreement to acquire Lead Yacht Underwriters from members of its board of directors. The transaction remains subject to the approval of the change of control by the Financial Services Authority.
Jubilee employment tribunal fails to reach conclusion
The employment tribunal battle between Jubilee Managing Agency and former finance and operations director Kate Lewis is set to rumble on after the hearing ran over its allotted time.
Ironshore expands European political risk insurance team
Ironshore has appointed Donald Harkey to head the political risk unit for Ironshore Europe, based in Dublin.
Ex-Lloyd's insurer CEO denies sexism claims
Former Jubilee group chief executive Clive Buesnel has denied claims that he planned to relieve Kate Lewis of some of her duties because of her gender when she held the post of finance and operations director.
Editor’s comment: Pioneering times
It is somewhat fitting that Post includes an interview with Hiscox chairman Robert Hiscox in the same week that Royal Bank of Scotland Insurance announces its plan to make a play for one his firm’s traditional heartlands, the mid and high-net-worth space…
Penny Black’s Insurance week
Stars don’t come much bigger than David ‘Goldenballs’ Beckham. And Penny was delighted to hear Becks was back in his homeland, enjoying the hospitality of his boyhood club Tottenham Hotspur.
Interview – Robert Hiscox: Opinions of the insurance industry
Robert Hiscox is never one to hold his tongue. When Daniel Dunkley met him to talk about current market conditions, he was as forthright as expected on the FSA, ABI, government policy and price-matching practices.
Former Jubilee boss denies sexism claims at tribunal
Former Jubilee group chief executive Clive Buesnel has denied claims that he planned to relieve Kate Lewis of some of her duties because of her gender when she held the post of finance and operations director.