Lloyd’s/London
Amlin benefits from ACI acquisition with 32.1% hike in GWP
Amlin this morning reported gross written premium (before deduction of brokerage) was up 32.1% for the four months ended 30 April 2010 at £964.0m (30 April 2009: £729.7m).
Lloyd's motor insurer KGM put up for sale by parent company
Lloyd's motor insurer KGM has been put up for sale by its parent Gibraltar-based Perseverance.
Con-Libs: Bank of England regulatory plan to be brought forward
The coalition agreement announced today by the Conservatives and Liberal Democrats outlines plans to bring forward the objective of giving more power to the Bank of England. However, it makes no mention of the Financial Services Authority.
Lib Dem set for climate change role in Cameron's cabinet
Liberal Democrat MP Chris Huhne is poised to become energy and climate change secretary, according to reports.
FSB welcomes Con-Lib pact plans on CGT and personal tax
Business leaders have welcomed the agreement between the Conservative and Liberal Democrat parties to form the next Government.
Libya plane crash losses to hit Catlin, broked by Aon
A Libyan Airbus crashed when trying to land at Tripoli airport early on Wednesday, killing 103 passengers and crew aboard.
20 years ago: Lloyd's offers training for EU working
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance new, as this highlight from a past-articles reveals.
Antares appoints non-executive director
Antares has appointed Ewen Gilmour as non-executive director of Antares Holdings, the group's Bermuda-based holding company.
Approval of Chubb's move into Lloyd's market imminent
US insurance giant Chubb is set to enter the Lloyd's market almost a decade after its failed bid to buy Hiscox. According to sources, Chubb has received conditional approval for market entry with full authorisation following a Financial Services…
Perseverance places KGM up for sale
Lloyd's motor insurer KGM has become the latest in its sector to be put up for sale.
Beazley sees significant gains in reinsurance and property in Q1
Beazley has reported a 195% increase in premiums to $438.2m in quarter one 2010 (Q1 2009: $368.9m). It added average rates decreased by 1%.
Chaucer raids Brit for PI underwriter
Chaucer Syndicates has appointed Ian Noble as professional indemnity class underwriter for Chaucer Syndicate 1084.
Business leaders welcome appointment of PM Cameron
The Forum of Private Business has given a cautious welcome to the appointment of the new Prime Minister, David Cameron, and his stated intention to form a coalition government between his party and the Liberal Democrats.
Hiscox to enter aviation as it reports £10m Deepwater hit
Hiscox’s gross written premiums grew year on year by 6.4% in local currencies to £504.1m in quarter one 2010(2009 Q1: £486.5 m).
THB director resigns from board
The board of THB has announced the resignation of human resources director Corinne Bennett, as a director of the company with effect from 2 July 2010.
PM Brown announces he will stand down
Gordon Brown has announced that he intends to stand down as Prime Minister and leader of the Labour Party by the time of the Labour Party Conference in the Autumn.
Allianz wins RK Harrison tender
Allianz has won a five-year contract with RK Harrison Insurance Services to underwrite its print protect and engineering protect accounts.
Medical specialist adds two more syndicates
The Medical Professional Liability Company has added two more Lloyd's syndicates to its medical professional liability underwriting facility.
Arc agrees legal expenses deal with Novae
Lloyd’s insurer Novae has appointed Arc Legal Assistance to provide personal legal expenses and a dedicated travel claims service.
Chaucer expecting $25m oil spill hit
Lloyd’s insurance group Chaucer has estimated losses of $25m (£16.9m) to Syndicate 1084 due to the explosion of the Deepwater Horizon oil platform in the Gulf of Mexico.
Catlin confident Deepwater and Chile quake will have positive impact on pricing
Catlin this morning reported gross premiums written increased by 9% to US$1.3bn during the three month period ended 31 March 2010. Using constant exchange rates, gross premiums written rose by 5%.
US insurance giant Chubb set to enter Lloyd's with new syndicate
Almost a decade after its failed bid for Lloyd’s insurer Hiscox US insurance giant Chubb has become the latest corporate player to bid for Lloyd’s entry.
Amlin retains AM Best rating
AM Best has commented that the ratings of Amlin and its operating subsidiaries are unchanged.
Max Capital net income down $8.1m
Max Capital has reported net income of $36.4m for the first quarter, compared to net income of $44.5m for the first quarter of 2009.