Lloyd's/London
Brit appoints Michael Gould as COO
Brit has appointed Michael Gould to the role of chief operating officer following his departure from Talbot Underwriting.
Parametric cover 'could go mainstream'
Parametrics, a specialised form of reinsurance or insurance used mainly in catastrophe bonds, could become more mainstream as risk managers seek to overcome some of the limitations of traditional insurance, according to a survey.
Blog: Lloyd's predicts the World Cup winner
Lloyd's of London predicts which country will win the 2018 World Cup, based on the insurable value of the 32 football teams that start battling it out this week in Russia.
Commercial insurance must face up to tech challenges to stay relevant
The commercial insurance sector and its customers must face up to the realities of the fourth industrial revolution if it is to remain relevant in five and ten years’ time, Airmic CEO John Ludlow warned today.
Brightside claim against former CFO and auditor ‘moving toward resolution’
Exclusive: A legal dispute between Brightside and its former co-founder Paul Chase Gardener was outlined in court on Friday.
This month in Post: lessons learned, space travel and why every insurer wants a time machine
Following the collapse of Danish insurer Alpha hundreds of black cab drivers were left unable to work and without any insurance cover. With little communication from the insurer the drivers took matters into their own hands and besieged the offices of a…
Ryan Specialty snaps up Lodestar Marine, announces equity investment
Ryan Specialty Group has completed the acquisition of Lodestar Marine.
Scor issues first UK cat bond in vote of confidence for London ILS regime
Scor has become the first reinsurer to use the new UK ILS regime to issue a catastrophe bond.
This week: The power of the collective
The Post team is feeling proud this week, having not just reached our fundraising target of £500 for our charity run through mud but having exceeded it well before deadline date. Thanks to all that have supported us so far.
Nat Cats push specialty market into costliest year on record
The UK specialty insurance market suffered the costliest year on record in 2017 as natural catastrophe activity took its toll on underwriting performance.
Marcell named Aon’s reinsurance head
Aon has named Andrew Marcell as CEO of Reinsurance Solutions.
Beazley’s specialty lines split a positive move, say analysts
Beazley is to split its specialty lines business from cyber and related lines, in a move welcomed by insurance analysts.
Castel targets European growth with Dutch office launch
Castel Underwriting Agencies has opened its first branch office in Amsterdam to support plans to expand its operations in Europe.
Interview: Patrick Tiernan, Aviva
Aviva Global Corporate & Specialty's new managing director Patrick Tiernan is confident of profitable growth. He tells Jonathan Swift how he hopes to take the business to the next level.
Berkshire becomes third-largest reinsurer on back of AIG deal
Warren Buffett’s Berkshire Hathaway became the world's third-largest reinsurer in 2017, ending European dominance over the top four.
Roundtable: Digital innovation in commercial lines
The terms commercial lines and digital aren't often spoken together - is the problem that the industry doesn't talk about it or is it really not happening in the market?
This week in Post: GDP what?
My colleagues have come up with a creative idea to celebrate the General Data Protection Regulation. First you create a GDPR cocktail with gin, Drambuie, prosecco and rum. Then you take a sip every time you receive an email asking you to update your…
Lloyd's Brussels gets regulatory green light, Vandendael named CEO
Lloyd’s has received regulatory approval from the National Bank of Belgium for its Brussels subsidiary.
Interview: John Ludlow, Airmic
With business models facing increasing threats from more directions than ever before, John Ludlow, CEO of the Association of Insurance and Risk Managers, spoke to Post weeks before its members gather in Liverpool and he warned risk managers need to be at…
Analysis: How Lloyd's is faring in the Middle East
As economies in the Middle East diversify, new opportunities for insurers and reinsurers are beginning to show themselves. Is the London Market taking full advantage?
Analysis: 2018: A space policy
The UK is contemplating liability options as it wants to allow satellite launches from its soil.
Airmic’s John Ludlow on why diversity and equality have become a business imperative
John Ludlow, CEO of the Association of Insurance and Risk Managers, on lessons learnt the hard way and why diversity makes good commercial sense.
Lloyd’s severs links with NRA following inquiry
Lloyd’s has instructed underwriters to no longer do business with the National Rifle Association of America, following fines on Chubb and Lockton.
Analysis: Tracking rail risks
Railways are travelling through a changing landscape of severe weather risks and terror perils, but perhaps none so arresting as the cyber threats raised by their new reliance on digital connectivity