Lloyd’s/London
Recruitment moves
Re-sume
Everest Re 4Q sees equity top $5bn
Bermudian (re)insurer Everest reported a 92.9% combined ratio in the fourth quarter 2006 to produce after-tax operating income, excluding realized capital gains and losses, of $201.2m compared to an after-tax operating loss of $185.8m in the Wilma…
Indie hearing: Bright and Condon face the camera
Micheal John Bright, former company chairman and managing director of Independent Insurance and Philip John Condon, former deputy managing director, were filmed as they entered Southwark Crown Court for this week's preparatory hearing.
Partner Re estimates Kyrill losses in $50-$65m range.
Partner Re estimates claims relating to its exposure to Windstorm Kyrill, which hit Europe last week, are expected to be between $50-$65m.
Lloyd's boss James quits for Lockton
Lockton International has swooped for Chris Brown, Paul Jack, Julian James and Neil Nimmo who will lead its four main business areas as executive chairmen.
Tony Markel gives view of Lloyd's future
Yesterday saw Tony Markel, President and Chief Operating Officer return to the Lloyd’s Old Library where he opened the Insurance Institute of London’s lecture season by presenting his views on the initiatives that remain to be tackled to assure Lloyd’s…
Brewster joins Equity
Equity Insurance Group has appointed Richard Brewster as finance director. He has held the role on a...
Equity FD role made official
Equity Insurance Group has appointed Richard Brewster as finance director with immediate effect. He has held the role on an interim basis since August 2006.
Keeping ahead of the game
Review of the Year: Lloyd's and the London Market
FSA D-day set for January
The Financial Services Authority has promised a final assessment of the industry's progress on contr...
Lloyd's appoints Gittings
The Lloyd's Market Association has appointed David Gittings as chief executive. Mr Gittings, formerl...
Ex-Wellington head of risk Gittings to be new boss at LMA
The Lloyd’s Market Association has appointed David Gittings as chief executive.
S&P improves outlook on Canopius
Standard & Poor's has revised its outlook on Canopius Managing Agents - Syndicate 4444 to positive from stable. At the same time, Standard & Poor's affirmed its Lloyd's Syndicate Assessment of '2+' (high dependency) on the syndicate.
Crawford in African push
Crawford & Company is pleased to announce that it has entered into an Associate Agreement with Toplis & Harding in Tanzania.
Beazley appoints new exec director Washbourn
Beazley Group has appointed Clive Washbourn as an executive director with effect from 4th December 2006.
Hey, big spenders
The message from London's newest broking name on the block is that the 'big three' should watch their backs. Ralph Savage reports on how Lockton International hopes to convince the big global spenders to switch allegiances
Mixed response to Scottish Re rescue
Troubled life reinsurer Scottish Re has announced a $600m equity infusion to stave off its liquidity...
London Market heralds creation of market repository
In the latest step in its drive to promote business processing efficiency in the London Market, the ...
RenRe risk appetite achieves 'stellar' third-quarter result
Renaissance Re has reported a net income of $251.1m in the third quarter of 2006, compared to a net ...
Chaucer launches £75m Cat syndicate
Chaucer and ICAT Holdings launched a new Lloyd's syndicate 4242 with an underwriting capacity of US$148 million for 2007.
Appointment at Chartered Insurance Institute
The Chartered Insurance Institute has appointed Neil Beattie as faculty operations manager, general ...
Appointment at Jubilee Managing Agency
Jubilee Managing Agency has appointed Julian Cashen as active underwriter for motor, as well as head...
Scottish Re $600m rescue prompts positive agency response
Troubled Life reinsurer Scottish Re has announced a $600m equity infusion to stave off its liquidity crisis prompting an immediately positive reaction from ratings agency Standard & Poors (S&P) and more guarded encouragement from Fitch.
SCOR unveils new life unit as Revios deal closes
French reinsurer SCOR has announced that the acquisition of German life reinsurer Revios closed on November 21st 2006 and unveiled the details of it new merged entity, SCOR Global Life.