Lloyd’s/London
Lloyd's estimates World Cup insurance coverage at £6.2bn
The football World Cup will be insured to the tune of an estimated £6.2bn when it kicks off on Friday, according to Lloyd’s.
RFIB appoints divisional director
RFIB has appointed Toby Heppel to the role of divisional director in the political, credit and financial risks team.
Jubilee syndicate underwriter to step down
Jubilee life syndicate 779 active underwriter Brian Jackson has resigned from the company.
LMG outlines next phase of electronic endorsement pilot
London Market Group has announced that its electronic endorsements pilot is moving into the next phase.
Capita Managing Agency gains Lloyd’s approval
Capita Managing Agency has been approved by Lloyd’s to manage live syndicates, including Syndicate 2232, capitalised by Allied World Assurance, which starts underwriting on 30 June.
P&C assumptions may be torn up after Deepwater incident
Insurers and reinsurers are likely take a hard look at the assumptions used to price property and liability coverages for drilling platforms in the wake of the Deepwater Horizon loss, according to Moody's Investors Service.
Microinsurance: Up close
Microinsurance is set to grow exponentially over the next decade but what opportunities are there for reinsurers to become involved, asks Katherine Blackler.
QBE moves to placate shareholder concerns over claims exposure
QBE has moved to distance itself from market rumours about its exposure to the Gulf of Mexico oil rig disaster and UK motor liability claims.
US "elevated" up as Aon unveils 2010 Terrorism Threat Map
International counterterrorism efforts appear to be stifling the ability of terrorist groups to mount significant attacks on the scale of those of September 11, 2001, according to the 2010 Aon Terrorism Threat Map.
Lockton values England squad as £293m risk
Insurance broker Lockton has valued the England football squad as £293m risk to the London market as it completes its flight to South Africa for the World Cup.
Postscript - 30 years ago: Shipbuilders buy 'state-of-art' data
Looking through Post's back cataloguepaints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
LMA elects Hurst-Bannister as chairman
Barnabas Hurst-Bannister, chairman of Travelers Syndicate Management, has been elected chairman of the Lloyd's Market Association.
ABI levy 'disappointment'
The Association of British Insurers has revealed its disappointment at the Financial Services Authority's regulatory fees and levies for the next financial year.
BMS sets growth strategy of doubling in size by 2015
London market broker BMS is set to make a number of acquisitions and team hires as part of plans to double its business by 2015.
US giant Gallaghers unveils second UK swoop in months
US broking giant Arthur J Gallagher has announced the acquisition of London-based Risk & Reward Group. Terms of the transaction were not disclosed.
QBE opens Canada Lloyd’s office
QBE has opened an office in Toronto to service its Lloyd’s business for the Canadian commercial insurance market.
Lloyd's Market Association names new chairman
Barnabas Hurst-Bannister, chairman of Travelers Syndicate Management, has been elected chairman of the Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community.
Experts warn of further Icelandic volcano disruption
Experts from the newly formed UCL Institute for Risk and Disaster Reduction today warned that with the high frequency of eruptions of Katla, an eruption in the short term is a strong possibility.
Lloyd's insurer closes in on KGM
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Willis raids RSA for Russia and Middle East boss
Willis Group has appointed Scott Pickering CEO, Russia, Eastern Europe, the Middle East and South Africa, effective immediately.
Carrer development & CSR news: Lloyd's and syndicates extend support for Chinese school
Lloyd's has donated a further £50 000 towards the development of a primary school in the remote Chinese province of Yunnan. The funding from Lloyd's China and its syndicates will enable 120 extra students to attend the school following construction of a…
Chartis, QBE and Dual back £1bn GWP private equity start up
The British Private Equity and Venture Capital Association has today launched BVCA Insurance Services to help members and their investee companies with their insurance needs.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.
London P&I Club increases free reserves by 22% in 2009/10
THE London P&I Club has reported a financial year surplus of $25.9m for the year ended 20 February 2010.