Lloyd’s/London
Ruling saves insurers from a football liability headache
An attempt to change case law in the UK has been defeated, saving insurers millions of pounds in pot...
Former spy chief becomes chairman at Ascot Underwriting
Ascot Underwriting has announced that Sir Richard Dearlove, the former head of the British Secret Intelligence Service (MI6), is to become its next chairman.
Kiln buys into Asia in HK move
Lloyd’s (re)insurer Kiln has bought the Hong Kong-based underwriting agency, International Reinsurance Services Limited (IRS).
Gittings given new London market role
David Gittings has been appointed as the new chairman of the Chartered Insurance Institute’s London Market Faculty advisory board. He succeeds Derek Thornton who has completed his term of office.
Towergate seals largest deal yet
Royal and Sun Alliance's tie-up with Paymentshield is expected to generate £200m of net premium by 2...
Max re confirms Becker in top job, unveils delayed 3Q
Bermudian reinsurer Max Re has appointed W. Marston Becker as Chairman and Chief Executive Officer as a permanent replacement for the departed Bob Cooney and has published its delayed third quarter results.
Towergate buys Paymentshield
Towergate has purchased Paymentshield, the UK’s largest independent supplier of mortgage related general insurance products to the intermediary sector.
Group agrees on rules
In the latest step of its drive to promote business processing efficiency in the London market, the ...
Vote of confidence
News analysis: M&A at LLoyd's
Lockton shows intent with JLT casualty swoop
Jardine Lloyd Thompson has been rocked by the defection of its head of casualty to rival Alexander F...
Key London market figures herald agreement
In the latest step in its drive to promote business processing efficiency in the London market, the Market Reform Group has reached agreement with key market bodies on the procedural rules which will underpin the use of the Insurers’ Market Repository.
Swinton in bid for specialist motor market
High-street broker Swinton has purchased Graysons Insurance Consultants, a Merseyside-based taxi and...
Chaucer in support role
Lloyd's insurer Chaucer has exchanged agreements with Quanta Capital Holdings and the senior underwr...
Turn back time
Lloyd's: new syndicates
News - QBE launches new aviation syndicate a month early
QBE opened its new aviation syndicate, Syndicate 5555, for business in September 2006, one month ahe...
News focus - JLT in controversy over Olympic contract win
The UK's Olympic delivery authority for the London 2012 games has officially appointed Jardine Lloyd...
News focus - KBW considers significance of potential Willis-Marsh merger
With recent news reports that Willis Group Holdings (WSH) and Kohlberg Kravis Roberts (KKR) made an ...
Converium gets approval for retakaful licence for Malaysia
Converium has received the approval of the Malaysian Labuan Offshore Financial Services Authority (L...
News - JLT completes US sale to Alliant
UK-based international broker Jardine Lloyd Thompson (JLT) has confirmed that the sale of its US pro...
JLT completes £100m US sale
Jardine Lloyd Thompson has confirmed that the sale of its US-based property and casualty (P&C) insur...
Why the Market has hit the tipping point
Inside view
RenRe risk appetite rewarded with 'stellar' 3Q
Bermudian reinsurer Renaissance Re has reported net income of $251.1m in the third quarter of 2006 compared to a net loss of $287.3 m for the same quarter of 2005. Renaissance said the results benefited from light insured catastrophe loss activity…
Solid 3Q for Axis
Bermudian (re)insurer Axis Capital has reported net income $226.2m, for the quarter ended September 30, 2006, compared with a net loss of $468.1 m for the same quarter in 2005.
Quiddington quits Lloyd's
Steve Quiddington, director of operations at Lloyd's has left the corporation. Mr Quiddington originally joined Lloyd's in 2000 and a was a former director of strategy for National Westminster Bank.