Lloyd’s/London
RFIB boss reveals plans to buy but not to float
Lloyd's broker RFIB's new chief executive has told Post he expects it to become acquisitive, but stressed that it has no plans to join the list of intermediaries queuing up to float on the London Stock Exchange.
Aon strikes agreement on transparency
Under the agreement, Aon is required to provide, in New York and the other 49 states, compensation disclosure to purchasers of insurance contracts that complies at a minimum with New York State Insurance Department regulations and also with the laws of…
Willis, Aon and Marsh reach agreement with NY insurance superintendent
The new agreement specifically recognizes that brokers met its obligations under the 2005 AOD over the last half decade, and ends many of the requirements imposed by the agreement.
Ascot appoints liability boss
Paul Simpson has 12 years experience in the insurance industry, most recently at Catlin where he was responsible for the marine liability account.
Flagstone Re's reports profits improvement
Flagstone Re's fourth quarter and 2009 results improved, the company said on Wednesday.
Montpelier continues Bermuda's upward trend
Montpelier continued a postive trend for Bermudian (re)insurers by recording a sharp return to profit in its fourth quarter and 2009 results.
Catlin opens Melbourne office
Catlin Group has has expanded its Australian operations by opening a Melbourne office.
View from the top: Value of human capital
Despite signs of rates hardening in some lines of business, plenty of capacity coupled with the wider economic situation are driving the extremely competitive pricing we are seeing today.
Blackham returns to broking market with Howden
In this new role, Howden said the co-founder and former CEO of Layton Blackham and Bluefin will provide support and guidance to help it definine and execute its strategy for continued growth, particularly in the development of the UK market.
US winter storms estimated to cost $2bn
Catastrophe risk modeling firm Eqecat said Friday afternoon (eastern time) that it estimates insured losses resulting from two February winter storms in the eastern United States will exceed $2bn, based on a preliminary assessment.
Axis grabs senior staff from GCube to start renewable energy team
Axis Capital has started a renewable energy insurance team, the company said in a statement.
Catlin boasts of record profit
The Lloyd's insurer saw a 12% increase in gross premiums written to US$3.7bn on constant currency basis; and an 8% increase on a reported basis (2008: US$3.4bn) and recorded a 89% combined ratio (2008: 95%).
Lloyd's insurer sets up new liability division with Argo hire
To build and lead the new division, which will specialise in international professional and general liability and related classes, Chaucer has recruited Mark Lawrence as head of division.
Beazley sets up M&A team
Lloyd's insurer appoints John McNally to head a new team in London focusing on insuring the contingent risks that can otherwise impede merger and acquisition transactions.
In Series: Solvency 2 - Capital ideas
Alex Arterton explains how the prospect of more demanding capital requirements is already shaping insurer strategies.
In Series: Solvency 2 - A year of achievement
With implementation deadlines for Solvency II fast approaching, Sam Barrett looks at how these are driving market developments and insurer action.
Lloyd's insurer signals motor intent with deal
Lloyd's insurer Ascot is targeting the UK commercial motor market for the first time after striking a deal with Chelmsford-based broker and underwriting agency Direct Commercial.
Beazley GWP rises by 27%
Dublin-domiciled Beazley has reported pre-tax profit up 15% to £100.7m (2008: £87.2m) and an underlying profit before income tax up 259% to £147.3m (2008: £41.0m).
Blog-re: Buzztacular
As part of a series of guest blogs from reinsurance personalities, following yesterday's announcement of the launch of social media platform Goggle Buzz to rival Twitter and Facebook, Peter Dunkley of Total Objects explains how the reinsurance market can…
Editor's comment: Sants - is he quackers to give up FSA position?
A headline screaming "lame duck" and "Financial Services Authority" was put up on the Post website on Tuesday following the resignation of the regulator's chief executive Hector Sants.
XL results improve, but miss expectations
XL's fourth quarter results improved, but missed Wall St expectations.
Max Capital to increase share buyback
Max Capital,the Bermudian (re)insurer, has increased its share buyback by $100m, the company said.
FSA "a lame duck" following CEO resignation, claims lawyer
Jonathan Davies, regulatory partner at City law firm Reynolds Porter Chamberlain, believes insurers should be worried by the news Hector Sants is to quit the FSA.
FSA boss to quit in the summer
The Financial Services Authority has today confirmed that its CEO Hector Sants plans to step down this year.