Lloyd’s/London
Insurers accused of claim refusals over technicalities
More insurers are attempting to ease the financial burden of the economic downturn by repudiating claims on technical points, a specialist loss adjuster has claimed.
Paraline considers acquisitions and hires following launch
New Lloyd's venture Paraline has pledged to expand its geographical reach and range of products following its official launch last week.
Interview - Adrian Colosso: The comeback kid
Having come close to going bust in 2005, Daniel Dunkley talks to Heath Lambert's chief executive Adrian Colosso about the challenges facing the firm as it continues to punch above its weight.
Top 25 EC3 brokers - Commentary: Size is not everything
Olly Laughton-Scott looks at the rationales behind acquisition strategies, explores the maxim that size does not matter and that the disposal of business can be just as illuminating.
Postscript – 10 years ago: Xchanging in Lloyd’s and IUA tie-up
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight form ten years ago reveals.
IAG to retain Equity Red Star
Insurance Australia Group chairman Brian Schwartz has vowed not to sell its embattled UK business Equity Red Star.
APC unveils fast food insurance product
Underwriting agency APC has launched a bespoke take-away fast food franchise insurance product for Irish businesses.
Concerns raised over post-acquisition capital structure of Brit
AM Best Europe has placed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Brit Insurance and the ICR of “bbb” of Brit Insurance Holdings, the ultimate parent of the Brit Insurance group of companies, under review…
Brit reports 8.5% drop in GWP
Brit Insurance has reported an 8.5% reduction in gross written premium to £1.22bn for the nine-month period ended 30 September 2010 (3Q 2009: £1.33bn), a decrease of 9.0% at constant exchange rates.
Brit agrees cash offer with bidders
Brit Insurance has reached agreement with Apollo Management and CVC Capital Partners that will see the insurer’s shareholders receive up to £11 per Brit share.
AIG CEO Benmosche says he "feels fine" after chemotherapy
AIG has announced that its president and chief executive officer, Robert H. Benmosche, has been diagnosed with cancer and is undergoing aggressive chemotherapy.
Antares adds underwriter to treaty team
Lloyd’s managing agency Antares has appointed Fergus Reynolds as property treaty deputy underwriter.
Torus boosts Swiss professional lines team
Torus has appointed Michael Kuprianczyk as a professional lines senior underwriter based in Zurich.
Underwriting Service Awards 2010 - full shortlist
The final shortlist for the inaugral Underwriting Service Awards 2010 have now been released - with the eventual winners due to be revealed at a special awards dinner in London on 17 November.
Domicile: does it really matter for (re)insurance buyers?
Reinsurance buyers increasingly view reinsurers as global entities able to move capital easily between business units rather than as geographically discrete counterparties, insisted Chris Klein, director of reinsurance market management at Guy Carpenter.
Munich Re: renewable energy premium volumes set for 240% growth
In line with political targets, the share of renewable energies in power generation in Germany is expected to increase from a current 10% to 60% by the middle of the century.
Apollo sets sights on international treaty with Braddock hire
James Braddock is to join Apollo Syndicate 1969 in December as an underwriter specialising in international property treaty business.
The Insurance Fraud Awards 2010 - winners announced
Over 380 of the great and the good from the general insurance industry's fraud detection and prevention sector gathered in London last night for Post's Insurance Fraud Awards 2010.
Markel promotes Graeme Veale
Markel International has promoted Graeme Veale to claims operations director.
Newly launched Paraline acquires ICAT
Paraline Group, a Bermuda-domiciled insurance and reinsurance company, has announced its launch and acquisition of ICAT Holdings.
Willis restructures European reinsurance business
Willis Re has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is establishing a new specialty casualty practice group.
UK non-life sector COR expected to peak at 101% claims Fitch
Fitch Ratings today said its outlook on the UK non-life sector remains stable, having been revised from negative in March 2010.
Postscript - 10 years ago: QBE hints at relocation to London
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.
In Series: Professionalism & CPD: Underscoring excellence
Professionalism has always been strong in the London market. Adrian Ballardie explains why it is now being reinvigorated.