Lloyd's/London
Interview: William Stovin, Markel International
As Markel International gears up for more growth across its national markets business and looks to build on its presence in Europe, Jen Frost spoke to Markel International president William Stovin about the history of the business and why Brexit has…
Cobra’s Alto posts pre-sale loss as costs bite
Alto Insurance, the holding company for Cobra, has reported a pre-tax loss of £2.1m for the final year ahead of its sale to PIB.
The Insurance Disability, Ability & Wellbeing Network sets out scope ahead of launch
The Insurance Disability, Ability & Wellbeing Network will be officially launched next week to mark International Day of People With Disabilities.
MS Amlin CEO Simon Beale steps down as insurer restructures
MS Amlin CEO Simon Beale is stepping down as parent company MS&AD restructures the insurer as part of an international reorganisation.
Chubb appoints Jason Keen to lead global markets
Chubb has promoted Jason Keen to division president of Chubb Global Markets following the departure of Matthew Shaw to Tokio Marine Kiln.
CEO Andrew Behrends to leave Integro at year end
Group CEO of Integro Group Holdings Andrew Behrends is leaving the company on 31 December for personal and family reasons, the business has confirmed.
Blog: Reimagining insurance by learning from API innovation in other financial services
Application programming interfaces are now key to unlocking new sources of value for financial institutions. So much so, Cytora CEO Richard Hartley argues even the most traditional firms can digitally transform if they get the right data infrastructure…
Analysis: Review of the Year 2019
It feels as if 2019 was an uncomfortable year for the general insurance market as it never quite seemed to grasp control of its own destiny. Wherever you look, carefully laid plans were derailed by the unexpected – and often unwanted – intervention of…
Analysis: Managing general agents - Gaining momentum or overheating?
Within insurance, it’s managing general agents seeing all the deals, attracting the money and the talent. The potential for big profits and lower costs drives the sector forward, but will the sector gather yet more momentum or will it overheat?
Blog: Are MGAs best placed to build the future of underwriting?
Unencumbered by legacy technology, managing general agents are well placed to invent a better future for insurance. Cytora CEO Richard Hartley on why the likes of C-Quence and Convex are creating a radically different type of insurance company.
Lloyd’s launches ‘speak up’ campaign with culture under the spotlight
Lloyd’s has launched a campaign to encourage people to speak up over “unacceptable behaviour”, after its culture survey revealed less than half of respondents felt comfortable in raising concerns.
Blog: Indemnities in real estate - where do the opportunities lie for brokers?
For many years, indemnities have aided real estate development projects and transactions writes Michael Grimwood, business development manager at CLS Risk Solutions. It has traditionally been placed within the London market due to the complex nature of…
Pioneer places syndicate in run off
Pioneer Underwriters has cut loose Syndicate 1980.
TMK recruits Matthew Shaw from Chubb as chief underwriting officer
Tokio Marine Kiln has appointed Matthew Shaw as chief underwriting officer.
Gallagher boss Simon Matson apologises for 'insensitive comments'
Simon Matson, UK CEO of Gallagher, pictured, has said sorry for the “insensitive comments” he made which came to light in the staff and business poaching court case the firm lost to Ardonagh this October.
Vibe syndicate to enter run off
Vibe will place Syndicate 5768 into run off at the end of the year.
Lloyd’s to form single governing body
Lloyd’s of London has confirmed it will merge its Council and Franchise Board from 1 June 2020, after receiving widespread support from across the market and revealing ambitions to build the most 'advanced insurance market' in the world.
This month in Post: Thomas Cook-up
In a week that was dominated by personal injury fracas, the revelation that Thomas Cook self-insured against all but the “very largest” PI claims may well take the cake for biggest botch up.
RSA UK reveals £8m restructuring for Q3 amid cost cutting
RSA UK has booked £8m in restructuring charges for the third quarter, as overall the group reported its operating profit was up.
Analysis: Under the skin of Lloyd's Blueprint One
Lloyd’s has published Blueprint One: the first of a number of ‘blueprints’ it intends to produce over the coming years as it overhauls the market for the 21st century
Insurer reserving in PRA’s crosshairs
Reserving has been reiterated as a key area of focus for the Prudential Regulation Authority, as the regulator suggested it could use its “formal powers” if insurance firms fail to meet standards.
Interview: David Walsh, CFC Underwriting
A child of the dot-com boom, CFC Underwriting has now left its teenage years behind as it enters its twentieth year as one of the pre-eminent specialist managing general agents in the London market. CEO David Walsh spoke to Jonathan Swift about the …
Hiscox reserved $165m to cover Dorian, Faxai and Hagibis claims
Hiscox has reserved $165m to cover claims from Hurricane Dorian and Typhoons Faxai and Hagibis, while reporting it expects to see fees and profit commissions dip $25m this year.
Marsh raises concerns over syndicates' response to Lloyd's silent cyber mandate
Businesses could face surprising changes to their policy wordings ahead of their January renewals, as Lloyd’s property underwriters move to either affirm or exclude cyber coverage.