Lloyd’s/London
Lloyd's chair Levene raids Northern Rock to fill CEO role at new venture
NBNK Investments - the business founded by Lloyd's chairman Lord Levene - has announced the appointment of Gary Hoffman as its chief executive.
Giles-owned MGA Ink rebrands
Giles-owned managing general agent Ink Underwriting Agencies has rebranded as Ink Insurance.
Lloyd's opens Russian office
Lloyd’s, has announced that it will open a representative office in Russia next year.
Post Magazine and news editor Mairi MacDonald scoop major awards
Post Magazine scooped two prestigious gongs at last night's Association of British Insurers Media Awards.
Aon: Solvency II Nat Cat predictions ignore 15 years of evolution
Natural catastrophe calculations are ignoring 15 years of critical evolution under the currently proposed Solvency II Standard Formula, which could lead to higher capital requirements for insurers when the regulation comes into force.
Lloyd's - Communication: London's calling
Once a necessity at Lloyd's, the job of the caller has slowly been replaced by technology. Bob Dee takes us through the history of this fascinating role.
Besso's Gladstone launch is timed for new wave
Intermediary Besso has revealed it timed the launch of its managing general agent to coincide with a new wave of MGAs in the London market.
Postscript - 10 years ago: MIIC starts phase two of database
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Interview - Ian Foy: Return journey
After an antipodean adventure lasting 10 years, Insurance Australia Group's Ian Foy is back in Britain as UK CEO. He tells Jonathan Swift about the challenges he faces to turnaround the business and why IAG is here to stay.
Career development & CSR news: Lloyd's pledges brighter London futures
Lloyd's has installed an eight-foot high signpost in its underwriting room to advertise its new three-year partnership with local charities Bromley by Bow Centre and the Prince's Trust.
Equinox Global recruits underwriter
Start-up specialist trade credit general managing agent Equinox Global has appointed Glenn Sexton as senior underwriter.
LMA hails Lloyd's success
The chairman of the Lloyd’s Market Association Barnabas Hurst-Bannister has told the Association of Lloyd’s Brokers in Chicago that the Lloyd’s market is now “ahead” of its competitors when it comes to its approach to process modernisation.
XL CEO announces $1bn share buyback as it reports Q3 figures
XL has reported its property and casualty operations recorded a combined ratio of 94.9% in the third quarter of 2010, bolstered by reserve releases.
Lloyd's broker THB sells motorsport division in MBO
The board of specialist insurance and reinsurance broking group THB Group today said it had reached agreement to sell THB Clowes to the Lloyd's broker Ellis Clowes & Company, headed by Karen Ellis.
Synergy appoints new business development director
Synergy Insurance Services has announced the appointment of Giles Fairmann as business development director.
Former Lloyd’s of London CEO joins L&G
Nick Prettejohn, Lloyd’s of London CEO between 1999-2005, has joined Legal & General as an independent non-executive director, with effect from 2 November 2010
Towergate duo joins Marsh
Towergate-owned Broker Network’s head of business development has joined Marsh to head up its UK network arm, Pro Broker.
ECIC unveils new underwriting boss
The Electrical Contractors’ Insurance Company has appointed Richard Forrest-Smith to the new position of chief underwriting officer.
LMG confirms next steps for electronic endorsements
The London Market Group is planning the wider roll-out of electronic support for endorsements during 2011.
Former Atradius staff launch trade credit MGA
Lloyd’s, Aspen and Liberty Mutual have joined the panel of a new managing general agent to enter the trade credit insurance market.
Lloyd’s branch of The Royal British Legion looks to break record
The Lloyd's branch of The Royal British Legion is hoping to raise £150 000 for this year’s Poppy Appeal on London Poppy Day, Thursday 4th November.
Aon blames "economic conditions" for 11% drop in UK revenue in Q3 2010
Aon has reported that its UK broking business recorded a 11% drop in commission and fees in the third quarter of 2010 to $148m (£92.7m) (Q3 2009: $167m) with an 8% downturn in organic revenue.
Ace CEO Greenberg ups full year forecast after "positive" progress in 2010
Ace Insurance Group has reported $14.9bn gross written premium for the nine months ended 30 September 2010 compared with $14.7bn last year.
XL names Hendrick as strategic growth head
XL Group has appointed Gregory Hendrick as executive vice president, strategic growth, effective immediately.