Lloyd’s/London
Postscript - 30 years ago: P&I club braced for record loss
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.
Aon UK reports an 8% decrease in commission and fees
Aon has reported an 8% decline in commission and fees for its UK arm in the second quarter of 2010 to $167m (£106.9m) (Q2 2009: $181m).
Brit CEO: shareholders are key, not my own future
Brit Insurance has boosted profits and reduced its overall book, in what is expected to be its last set of results before its sale to Apollo Management.
Liberty Syndicates enters UK motor market
Liberty Syndicates is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
Cooper Gay targets binder growth
Cooper Gay has laid out plans to double the number of binding authorities it handles worldwide within three years.
Asda signs up Leeds law firm for liability work
The Leeds office of Forbes Solicitors has announced that Asda has become a new client of the firm.
Gallagher International announces latest acquisition, SBA
Gallagher International has acquired Australia-based natural resources risk management provider Specialised Broking Associates for an undisclosed sum.
Aon results highlight 8% fall in broker's UK revenue
Broking giant Aon today reported an 8% decline in commission and fees for its UK arm, in the second quarter of 2010 to $167m (Q2 2009: $181m).
Broker JLT boss Dominic Burke hails Australasia arm as revenue and profits rise
Jardine Lloyd Thompson this morning reported a 21% rise in revenue to £377.8 (H1 2009: £313.0) and an underlying trading profit of £70.7 (H1 2009 £57.8m) up 22%.
APC launches office product for Irish broker market
Commercial insurance underwriting agency APC has launched a new office product specifically designed to cover Ireland’s traditional and home based businesses.
Willis UK sees growth after several negative quarters
Willis Group has reported net income from continuing operations for the quarter ended June 30 was $89m, compared with $87m in the same period a year ago.
Aon Benfield boss joins GC France
Philippe Renault will join Guy Carpenter as president and chief executive of its Paris operations,
Torus expands European operation
Torus has appointed Esther Fittinghoff as professional lines manager and Kurt Fleischmann as senior casualty underwriter.
Ace CEO sees opportunities despite slow economic recovery
Ace today reported net income for the first six months of 2010 was $1.432bn (2009: $ 1.102bn) and increase of 30%.
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…
Brit opens books to PE house as Apollo ups bid to £10.75 a share
Brit Insurance today confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
Consolidation - global brokers: Too big for their boots?
The creation of the global broker in the 1980s resulted in a dominant few. David Trezies asks whether this consolidation has produced any tangible benefits for clients.
Lloyd's & London market: Bargain hunt
It looks like investors searching for a piece of the action in Lloyd's can pick up a bargain right now, as depressed share prices shine a light on profitable businesses trading at a discount to their net asset value. Ralph Savage investigates whether a…
BIS countdown - Sean McGovern interview: Getting to grips with government
Lloyd's general counsel Sean McGovern talks to Jonathan Swift about the incoming Solvency II directive and his role building relationships with the new government.
Beazley gives warningover energy rate spike
Worldwide energy insurance rates will continue to harden in 2010 due to the Deepwater Horizon oil disaster, with a further spike possible at the reinsurance renewal season, Beazley has claimed.
Lewis leaves Jubilee
Jubilee's group finance director, Kate Lewis, has resigned from the Lloyd's syndicate.
Insurers concerned over double regulatory burden
The lack of detail concerning the regulation of the Lloyd's market could mean insurers there have more influence than others over the eventual shape of their replacement regime for the Financial Services Authority.
Arch sees income rise $85m
Arch has recorded net income of $237m, or $4.45 per share for the second quarter of this year, compared to $152.1m, or $2.43 per share for the same period last year.
Montpelier Q2 net written premiums up 7%
Reinsurer Montpelier claims that premium growth in the last quarter has been driven by its Lloyd's and US operations, particularly its marine book.