Lloyd’s/London
Marsh Classic competition winners
The winners of last week's Marsh Classic competition were Chris Leglu of FM Global, David Downham of...
Political broker innovation applauded
A political risk broker has won an award for developing a policy that covers the insured for blowing...
RSA cool on targets as it slashes jobs
Royal and Sun Alliance has rounded on criticism that it did not give any mid-term premium targets af...
Kiln winning pension deficit battle
Lloyd's insurer Kiln has reported that its pension deficit has been reduced by over £20m in the past eighteen months.
Forbes pulls back from global plan
A year of speculation and rumour around the future of broker Alexander Forbes appeared to reach a co...
New agency for Chaucer in Quanta deal
Chaucer has taken a majority interest in its sixth syndicate and created its second managing agency ...
Lloyd's CEO Ward unveils first staff shake up, and hints at more to come
Lloyd's chief executive Richard Ward this morning unveiled a series of internal changes which he claims will "ensure executive resources are focussed on the key delivery areas of the strategic plan".
New Lloyd's agency born as Chaucer strikes Quanta deal
Lloyd’s insurer Chaucer this morning announced that it has signed heads of agreement with Quanta Capital and the senior underwriting team of Syndicate 4000 to establish a new managing agency, Pembroke, to manage the syndicate. The agreement provides for…
Aon boss hails London market electronic trading progress
The director of change stategy at Aon this morning boasted that electronic trading in the London market is no longer a "pipedream" as it past the 100 000 mark in electronic claism files created.
Green fingers
The new deputy chairman of Alexander Forbes' International Risk Services, Mike Hammond, has big plans for the company. Andrew Foxwell talks to him and chief executive Stuart McCulloch about how they will grow the business
Equitas admits disappointment over US liability claims and asbestos reserves
Lloyd's run off vehicle Equitas today announced that its retained surplus fell by £18m from £476 m to £458m for the year ending 31st March 2006. Its solvency margin (retained surplus stated as a percentage of net claims outstanding) also fell marginally,…
Forbes to capitalise on rival woes
Alexander Forbes has recruited Mike Hammond, former Marsh UK and JLT Risk Solutions chief executive,...
RI3K and Xchanging launch FELIX
RI3K and Xchanging have introduced a new joint project called FELIX – the Framework for the Electronic London Insurance eXchange.
Former Marsh boss returns with Forbes
Broker Alexander Forbes has appointed Mike Hammond as deputy chairman of International Risk Services.
G6 pilots ‘ground-breaking’ contract checking process
The G6 group of Lloyd’s Managing Agents today confirmed the pilot of a new approach to contract checking. The new process aims to support brokers in achieving contract certainty targets and radically reduce the time involved in the current procedure,…
LMA reply to Richard Ward over contract certainty
The LMA has endorsed the Lloyd's chief executives proposals to implement a new approach to the contract documentation process.
Tolle: the market's top earner
Rolfe Tolle, director of franchise performance at Lloyd's, came top in the market's earnings league ...
Industry pot faces new cash call
The insurance industry has been told it is not going to get another extension to the 18-month reprie...
Firm backed to address £300m problem
A Midlands-based supplier has raised £250,000 in private equity funding to develop an automatic main...
Royal and Sun Alliance reports first-quarter results
Royal and Sun Alliance will report its first-quarter results today, with analysts expecting pre-tax ...
LMA urges market to adopt proposals
The Lloyd's Market Association has called for its proposals on mandatory commission disclosure to be...