Lloyd’s/London
Hannover Re completes acquisition of Lloyd's syndicate
German reinsurance giant Hannover Re has completed the acquisition of the UK holding company Argenta Holdings.
Castel Specialty enters construction market
Castel Specialty has expanded its book of business with the launch of a construction portfolio.
Lloyd's unveils recovery plans for market-turning event
Lloyd’s of London has outlined plans to enhance and speed up recovery in the aftermath of a market turning event, an insurable loss so significant it results in a rapid upturn in pricing.
Sequel enters partnership with fintech underwriter
Software specialist, Sequel Business Solutions has entered long-term partnership with fintech underwriting company, Elseco.
Nexus acquires Equinox Global
Managing general agent Nexus Group has acquired Equinox Global, a registered and approved Lloyd’s Coverholder, and all other Equinox group companies.
Extreme cyber attack could cost as much as Superstorm Sandy, says Lloyd’s
A major global cyber attack could trigger $53bn of economic losses, the equivalent 2012’s Superstorm Sandy, according to a report from Lloyd’s.
Lloyd’s Secrett joins Tokio Millennium Re
Tokio Millennium Re has named Lloyd's interim head of underwriting performance Brian Secrett as chief underwriting officer.
Axis receives regulatory nod for managing agency
Axis Capital Holdings has received final approval from the UK’s regulators and Lloyd’s to launch its own Lloyd’s managing agent.
Obituary: Ian Posgate, the ‘Goldfinger’ of Lloyd’s
He was nicknamed Goldfinger and was a controversial figure, both admired and reviled for the huge influence he wielded over Lloyd’s in the 70s and 80s.
Week in Post: Brexit, redundancies and consolidation
This week we saw the ‘Great Repeal Bill’ being introduced to Parliament, a key waystone on the long and arduous journey to leaving the European Union.
Beazley gets green light for Dublin subsidiary
Specialist insurer Beazley has received the go ahead to convert its Dublin-based reinsurance company into an insurance company.
Registration opens for Dive In 2017
Registration opened today for Dive In, the festival for diversity and inclusion in insurance, which will take place in late September and focus on the ‘Diversity Dividend’.
Government to buy insurance against disasters in developing countries
Prime Minister Theresa May has announced plans to use the expertise of the City of London’s insurance market to develop insurance markets in developing countries.
Stephen Catlin given the prestigious Achievement Award at the 2017 British Insurance Awards
Described as “a true statesman of our industry”, Stephen Catlin was a worthy winner of the achievement award at the 2017 British Insurance Awards last night.
Crawford's Benedict Burke named Insurance Personality of the Year at 2017 BIA
A “seasoned campaigner,” Crawford & Company’s chief client officer Benedict Burke was handed the Insurance Personality of the Year prize at the British Insurance Awards last night for a sterling 18 months which has seen him make a mark on a number of…
LMA satellite service launches for nat cat claims
The Lloyd’s Market Association is to fund a satellite imagery and intelligence service that will enable improvements to claims processes and exposure management before and after a natural catastrophe.
Axis to buy Novae for £468m
Axis Capital has made an offer to buy Lloyd’s insurer Novae for £467.6m.
Analysis: London’s global reinsurance market share falling as rivals take a bigger slice
London Matters Report highlights key areas of concern
Hiscox’s Robert Childs appointed deputy chairman of Lloyd’s
Industry heavyweight Robert Childs, non-executive chairman of Hiscox, has been appointed deputy chairman of Lloyd’s.
Lloyd's broker Servca expands Canadian footprint
Specialist Lloyd’s broker Servca has expanded footprint into Canada, providing regional Canadian brokers with direct access to Lloyd’s of London.
Fitch revises Lloyd's outlook to negative
Fitch Ratings has downgraded Lloyd's of London's outlook to negative from ‘stable’ issuing a stark warning over the markets due deteriorating underwriting performance and increased exposure to catastrophe risk.
Dive In to delve into the 'Diversity Dividend'
The 'Diversity Dividend' is the theme of the third edition of the Dive In festival taking place in September.
Aquila sells Vectura Underwriting stake to Nexus Group
Aquila Underwriting has sold its interest in Vectura Underwriting to the Nexus Group.