Lloyd’s/London
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.
Beazley profits pass £100m and GWP hits a £1bn 2009
Beazley chief executive officer Andrew Horton said "our underwriters delivered again in 2009" as it reports improved profits.
Lloyd's outlines two-year strategy
Maintaining and developing the attractiveness of the Lloyd’s market are the central themes to a review published today by Lloyd’s.
Lloyd's firm merges syndicates
Jubilee Managing Agency has combined its motor Syndicate 1231 and property and personal lines Syndicate 5820 for the 2010 year of account.
Entries for the British Insurance Awards 2010 now open
The British Insurance Awards 2010 are now officially open for entries. These prestigous awards, for the entire UK general insurance industry, will be presented at the Royal Albert Hall on the evening of the 7 July.
Russia may support new round of sanctions on Iran
UN sanctions, including insurance and reinsurance sanctions, have come one step closer to agreement following Iran’s latest rocket test.
Ascot enters commercial motor
The account will be serviced by Direct Commercial and underwritten by Phil Cunningham, managing director of Direct Commercial.
Willis sees revenue and income rise in 2009
CEO Joe Plumeri hails last year as "momentous" as it records revenue of $3.3bn.
QBE's Stout leaves syndicate
Andrew Stout, QBE's portfolio manager for international property, has left the company, market sources told Reinsurance.
LMA and technology
This is a year in which the London Market will make a concerted push in implementing further market reform and embracing technology, especially regarding the second phase of electronic claims handling being brought in. Richard Garnett, managing director…
Roundtable: Solvency II in depth
In this extended roundtable discussion, group editor-in-chief Ant Gould and industry big hitters from the UK and continental Europe consider the progress made by (re)insurance as the once-distant spectre of Solvency II now looms large and close
Terror and reinsurance in 2010
While state-run pools take much of the terrorism reinsurance burden, there is a specialist market growing within Lloyd's. Katherine Blackler looks at how well the risks of terrorism are understood and what 2010 may bring
Aviation: Turbulence ahead
The series of air disasters in 2009 were a human tragedy, yet made for only an average loss year for reinsurers. The market should be prepared for tougher times though, argues Eric Alexander
Hoban pledges 'dedicated' resource for insurance
The Conservative Party has attempted to allay the insurance industry's fears that it will be tarred with the same brush as banks, if the party comes to power this year and scraps the current regulator, by promising 'dedicated resources' to the sector.
Miller in FTSE 250 drive
Independent broker Miller has hired the former chief executive of Aon Global UK, Ken MacDonald, to spearhead its expansion in the corporate risk sector.
Post Pick of the Week
Amy Ellis outlines some of the major news from this week's issue of Post including: Go Compare halves losses; Tories pledge on insurance; Merlin refinancing; Miller in FTSE drive; and Heath Lambert chases HSBC account.
Willis appoints interim CFO
Stephen Wood, Willis global group financial controller, replaces Patrick Regan on 19 February.
Marsh raids Zurich for new energy claims boss
Insurance broker Marsh has appointed Martin Clark as the UK leader of its energy claims team from Zurich Financial Services.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
US commercial insurance buyers take issue with Obama's budget blueprint
The Risk and Insurance Management Society, expressed its deep concern with plan to reduce or elminate the federal underpinnings of terrorism insurance.
Lancashire appoints energy chairman
Lancashire Holdings has appointed Len Messenger as chairman of energy for its UK operating subsidiary, Lancashire Insurance Company.
Zurich raids Allianz for marine underwriters
Zurich has appointed Rod O’Malley and John Gibson from Allianz as senior market underwriters in its marine cargo team.