Lloyd’s/London
NCG changes name
London-based Lloyd’s insurance and reinsurance broker, NCG Professional Risks, has announced its change of name to Oxford Insurance Brokers Limited, with immediate effect.
JLT adds to London Market Risks team
Jardine Lloyd Thompson has appointed Alastair Templeton to its commercial motor fleet account.
Kiln updates Lloyd’s forecasts
R J Kiln has updated its forecasts for the 2008 and 2009 years of its mixed capacity Lloyd’s syndicates.
Lloyd's insurer Chaucer H1 2010 result bolstered by £5.3m reserve releases
Chaucer has reported a profit before tax of £7m (30 June 2009: £17m) for the first six months of 2010 on gross written premiums of £493m (30 June 2009: £491m).
Climate change - renewable energy: Investing in the future
With high targets on reducing carbon emissions, Daniel Dunkley asks if the government has the political will to invest in renewable energy and how the insurance industry can benefit.
BIS countdown - Interview - Michael Casella: Commitment to the Chubb cause
The new CEO of Chubb Europe, Michael Casella, has spent 28 years travelling the world with the firm. Now based in London, he tells Jonathan Swift why it set up a new Lloyd's syndicate and why you'll never see it dipping in and out of markets.
Retail expansion key as Hiscox remains cautious
Hiscox plans to continue expanding its UK, mainland Europe and US retail businesses despite adopting a cautious outlook for the second half of 2010.
Postscript - 30 years ago: Lockheed crash losses
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, this highlight from 30 years ago reveals.
Career development & CSR news: Lloyd's staff make sports day a success
Volunteers with the Lloyd's Community Programme have helped make a success of a sporting event in East London aimed at local children.
Career path - CII exams: Repairing reputation
Professionalism could prove the most potent weapon in improving the public's perception of the insurance industry. Niall Boyd details how the CII's examinations overhaul is playing its part.
Chilean earthquake impacts Amlin profits
Amlin has reported a fall in profits of more than £70m after suffering large losses due to the Chilean earthquake.
Neil Utley confirmed among Provident runners and riders
A source close to a consortium of insurance investors — including outgoing IAG UK chief executive Neil Utley — has confirmed it is among the frontrunners to buy motor insurer Provident.
AIG repays American taxpayer another $4bn
AIG has applied nearly $4 bn received from International Lease Finance Corporation to the Federal Reserve Bank of New York Revolving Credit Facility, reducing AIG's outstanding principal balance to slightly more than $15 bn, not including accumulated…
Aon Benfield begins roll out of new online portal with US launch
Aon Benfield has launched ABConnect, a new online portal that offers clients any-time access to their account data with the aim of improving transparency.
US East coast on alert as tropical storm Danielle gathers pace
At 21:00 UTC on Sunday, 22 August, RMS reports a tropical depression (six) located about 770 miles (1240 km) west of the southernmost Cape Verde Islands in the Atlantic Ocean, developed into the fourth named storm of the 2010 Hurricane Season – Tropical…
Lloyd's doubles actuarial resource as Solvency II looms
Managing agents at Lloyd’s have seen significant growth (49%) in actuarial resources over the last three years as the demands on managing agents from Solvency II develop, according to a new survey.
Lloyd's insurer Equity co-operating with FSA over investigation
Equity Red Star is reported to be under investigation by the Financial Services Authority over concerns about the impact of bodily injury claims on its balance sheet.
Amlin H1 GWP hits £1.5bn, bolstered by 2009 acqusiition
Amlin has reported a profit before tax of £107.6m (H1 2009: £177.1m) for the first six months of 2010 on gross written premium of £1.5bn (H1 2009: £950.1m).
Hiscox profit falls to £97.2m in H1 but ready for "surge" in growth
Hiscox this morning reported a profit before tax of £97.2m for the first six months of 2010 (H1 2009: £141.4m) on gross premiums written of £904.3m (H1 2009: £906.0m).
Tim Grant to quit Brit for Dual
Brit Insurance's head of distribution Tim Grant is leaving to join Dual Corporate Risks.
QBE Europe H1 profits increase to $222m
QBE Europe reported a pre-tax insurance profit of $222m (H1 2009: $213M). Its gross written premium for the first half of 2010 was up 8% to US$2.412bn (2009 US$2.228bn).
R&Q insurance profit hits £3.6m
Randall & Quilter’s income rose 52% to £16.1m in the first six months of the year (H1 2009: £10.6m).
Postscript - 10 years ago: Football coverage in decline
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 - Stewart McCulloch: Sticking to his knitting
The new CEO of Garwyn talks to Mairi MacDonald about getting the loss adjuster back on track by sticking to its core strengths while expanding its regional focus.