Lloyd’s/London
Former Zurich CEO Riddell returns to Pool Re as non-exec
Pool Re has recruited former Zurich Global Corporate boss Geoffrey Riddell as a non-executive director.
Profits up 28% at Charles Taylor as group plots acquisitions
Professional services firm Charles Taylor has reported a 28.1% increase in pre-tax profits to £5.3m (H1 2014: £4.1m) alongside a 21.7% rise in revenue to £69.1m (H1 2014: £56.8m) for the first six months of 2015.
Lloyd's drones report highlights safety, security and surveillance concerns
Insurers are likely to demand greater risk mitigation measures from drone operators amid concerns around safety, security and surveillance, according to a Lloyd’s report.
Delegated Authorities: From me to you
A recent FCA report poured scorn on the industry over its handling of delegated authority. The regulator’s expectations require change from both brokers and insurers, but how is it going to work?
Hundreds of London market wordings threatened by Insurance Act
Hundreds of model policy wordings used by the London market may require amendment in light of the new Insurance Act, according to the Lloyd's Market Association.
Tysers reaps benefits of broker restructure with uplift in profits
Tysers has seen the benefits of restructuring its broker divisions with a strong round of results, which included a 21.6% hike in pre-tax profits.
Markel reports 90% H1 combined ratio
Markel International has reported a comprehensive loss to shareholders of $132.9m (£85.1m) in the second quarter of 2015 compared to a loss of $250.6m in Q2 2014.
Post Q&A: The use of data and analytics in the London and Lloyd's market
The London market is one that is characterised by significant competition, but low margins.
Towergate shifts London market division to broking arm
Towergate London Market has moved from the consolidator's underwriting arm to the Towergate Insurance Brokers division alongside the formation of a new London region.
Novae's renewal rates fell 3.3% on average in first half
Specialist (re)insurer Novae saw average renewal rates reduce 3.3% in the first half of the year.
Helios grows capacity with two acquisitions
Helios Underwriting has acquired Lloyd's limited liability members Nameco and Kempton Underwriting for an aggregate price of £2.4m.
Aon broking arms sees profits crash by a third to £178m in Q2 2015
Aon Risk Solutions has seen its profits drop by a third in the second quarter of 2015 to $279m (£178m)(Q2 2014: $417m) according to its latest results published today.
Lloyd's to boost Malaysia presence as it applies for onshore licence
Lloyd's is to apply for an onshore reinsurance licence in Malaysia and open an office in Kuala Lumpur.
Lancashire pledges to work hard as COR and GWP deteriorate
Lancashire Holdings has reported a combined ratio of 78.2% in the second quarter of 2015 and a year-to-date COR of 75.1%, with both results representing deterioration on the insurer's 2014 performance.
Singapore, UK and Lloyd's unite over Asia's risk exposures
The Monetary Authority of Singapore, the UK government and Lloyd's have agreed to share knowledge and expertise around risk exposures in Asia.
Chinese investment firm buys Sirius International
Chinese investment firm China Minsheng has bought Sirius International Insurance for $2.24bn (£1.4bn) from White Mountains.
Lloyd's chair Nelson to sit on PM's advisory panel
Lloyd's chairman John Nelson is one of 19 UK business leaders appointed to sit on the government's new business advisory group.
Research: Young Broker Nation: Attracting new talent
LV’s Phil Bunker looks back on conclusions of the State of the Young Broker Nation research and finds much to be positive about
Hiscox Retail reports record H1 profit despite tough market conditions
Hiscox Retail delivered record profits of £59.3m in the six months to 30 June 2015, up from £37.4m in the same period in 2014.
Lloyd's underwriters create Asia-Pacific excess consortium
A new Asia-Pacific excess of loss property cover is led by Atrium and provides $25m (£16m) of loss capacity up to 100% of excess layers.
IUA announces newly elected market committee chairs
The International Underwriting Association has announced three newly elected chairs to lead its market committees including the appointment of Inter Hanover's Paul Rich as chair of the delegated authority underwriting group.
C-Suite - Insurer: One city, one brand
London needs to start bigging itself up as the go-to market, in the face of global competition.
Asia Interview: FP Marine's Phil Bilney
Andrew Tjaardstra, editor Asia, speaks to Phil Bilney, CEO, FP Marine in Hong Kong.
