Lloyd’s/London
Lloyd's has grown beyond £240m GWP in China, says Nelson
Lloyd's chairman John Nelson has said the organisation is confident it wrote more than 2bn yuan (£240m) of gross written premium in 2016 - more than double the 790m yuan in 2015.
EU and US regulators agree new bi-lateral transatlantic insurance agreement
The US and EU have agreed to reduce legal and capital barriers to boost the transatlantic insurance and reinsurance market.
Probitas appoints PI underwriter
Kiran Wignall is to join Lloyd’s underwriting syndicate Probitas 1492 as a professional indemnity underwriter in its financial lines team.
Fidelis co-founder McConachie to leave
Neil McConachie, group chief financial officer and co-founder of Fidelis, is leaving the firm.
Pardus launches Lloyd's backed contingency facility
Managing general agent Pardus has launched a contingency facility.
Pana Harrison aims for $100m premium following acquisition
Singapore-based Lloyd's reinsurance broker Pana Harrison (Asia) has acquired five person Labuan broker AIH Reinsurance Brokers for an undisclosed sum.
Lloyd's underwriters join forces to boost Bermuda property D&F capacity
Lloyd’s catastrophe-exposed property underwriter Icat and Lloyd’s underwriter Neon have teamed up in a capacity arrangement to bring additional capacity to the Bermuda property D&F market.
QBE’s Pryce joins Lloyd’s franchise board
QBE's chief of European operations, Richard Pryce, has been appointed as a non-executive director of the Lloyd's franchise board, the body responsible for the day-to-day running of the Lloyd's market.
RSG acquires Navigators' Nordic operations
Insurance services business Ryan Speciality Group has entered into a deal to buy Navigators' operations in Sweden and Denmark.
BP Marsh sells stake in Besso
BP Marsh has sold its stake in Besso, citing an inability to provide the “financial firepower” the Lloyd’s broker requires for further growth.
Inga Beale awarded damehood in honours list
Lloyd’s CEO Inga Beale has been awarded a damehood in the Queen’s New Year Honours list.
Trumped out of Iran: US politics and the London Market ‘gold rush’
One year on from the lifting of sanctions on Iran, what has changed?
Marsh's White on delivering client value and innovation in uncertain times
Just when we thought the world couldn't get much more uncertain, 2016 happened.
Greg Collins to become Miller CEO in January
Greg Collins will become CEO of Miller from New Year’s Day, the broker said.
Helios to acquire Lloyd’s underwriter Pooks
Helios will acquire Lloyd’s underwriter Pooks Limited for £870,659.
Beazley investor sells £2.34m shares
A major shareholder in Beazley has disposed of £2.34m of shares in the company.
Dual financial lines pair take on ‘entrepreneurial’ role at Acapella MGA
Two senior underwriters from Dual have joined Acapella to launch a managing general agent business specialising in diverse financial lines.
London Market faces 'bleak' year ahead
The London Market faces a "bleak" year ahead based on swingeing underwriting losses, PWC warned.
Axa's Duverne on the insurance industry waking up to women decision-makers
2016 may go down as the year the insurance sector woke up to the growing importance of women in the global economy and recognised that it needs to address their requirements for a whole range of products and services. Whether as entrepreneurs or heads of…
Insurers cannot wait for government to lead on Brexit strategy
The UK's insurers cannot wait for government to take the lead on Brexit strategy, according to Ashley Prebble, an insurance partner at Clifford Chance.
Pioneer launches renewable energy team
Pioneer has launched a renewable energy underwriting team led by Warren Diogo.
Lloyd's to unveil plans for EU move in the new year
Lloyd’s of London will create an office somewhere within the European Union in a move to divert some of its operations to the continent as a result of the UK's Brexit vote.
Mixed reaction from market over Lloyd’s subscription cuts
The London Market has expressed a mixed reaction to planned changes to fees paid by market members to the Corporation of Lloyd's.
Underwriting at Lloyd's unprofitable in the aggregate, say Beale & Nelson
The strong performance that Lloyd’s has enjoyed this year masks a worrying unprofitable underwriting trend, according to the market’s CEO Inga Beale and chairman John Nelson.