Lloyd’s/London
Willis follows Marsh onto industry system
Broker Willis will go live on the Kinnect system for Lloyd's business in June for its North American...
Kinnect customers grow to 15
Kinnect - the electronic platform which securely exchanges risk data and wordings between brokers and underwriters - has furthered its expansion in the Lloyd’s market by enlisting five new customers.
What will you do if the worst happens?
Public Sector: Civil Contingency Bill
Marsh sets 1 June date for roll-out
London Market News
Kiln in upbeat 2005 forecast after encouraging results
Lloyd’s insurer Kiln has revealed record 2004 profits.
New board to guide Kinnect platform
Technology
Equitas settles largest remaining exposure
Equitas said it has settled its largest remaining direct asbestos exposure. The policies of McDermott International subsidiary The Babcock & Wilcox Company, which is undergoing Chapter 11 reorganization, were paid off for $415m (£221m) in trust to a…
Lloyd's set for double launch
Lloyd's is set to receive a boost with the prospective launch of two new syndicates, Post Magazine h...
LMA in transparency pledge
The Lloyd’s Market Association said an agreement with the European Commission will create greater transparency in the London aviation market.
Senior staff from Lloyd's brokers join new board
Senior staff from Lloyd's brokers and managing agents have joined a new board to drive the adoption ...
Lloyd's escapes from the Last Chance Saloon
Franchising
LMA merger promises one voice for Lloyd's
The Lloyd's Market Association has merged with the Lloyd's Motor Underwriters' Association (LMUA). T...
LLoyd's Market Association confirms decision
News in Brief
LMA and IUA edge to merger
The creation of an over-arching trade association for the London market, including both Lloyd's and ...
LMA merger promises one voice for Lloyd's
The Lloyd’s Market Association has merged with the Lloyd’s Motor Underwriters’ Association (LMUA). The move makes the LMA the one, definitive association responsible for representing the interests of all the managing agents and syndicates operating…
Alex Forbes plans business shake-up
Alexander Forbes Risk Services is piloting a number of regional centres of excellence as it looks to...
Alea shocks market with claims admission
Deteriorating claims in professional liability and US casualty reinsurance have been blamed for a sh...
CBI predicts industry job cuts
Financial services companies expect to cut jobs at the fastest rate for two years, according to a ne...
Trading conditions favourable for Kiln
Underwriting conditions remained favourable in 2004 and the initial stages of the 2005 renewals season indicate that underwriting discipline in the market is being maintained according to Kiln in a trading statement issued today.
Lloyd's bodies agree partial TOBA solution
The Lloyd’s Market Association has announced an interim solution for Terms Of Business Agreements (TOBAs) following negotiations with the London Market Insurance Brokers’ Committee (LMBC).
Markel announces senior promotions
Markel Corporation has appointed executive vice president and chief administrative officer of Markel International, Richard Whitt, to the position of senior vice president and chief financial officer of Markel Corporation effective May 2005.
Lloyd's Kinnect signs up two new customers
Lloyd's secure risk data transfer system Kinnect has signed up a further two new customers. Managing...
PwC threatens more legal action over Indie millions
The liquidator of Independent Insurance has warned all brokers with outstanding commitments to the c...
Penny Black's insurance week
With Independent Insurance back in the news, Penny did some digging to see if there were any chance ...