Lloyd’s/London
XL Catlin company name to be launched as protracted takeover is concluded
The takeover of Catlin by XL will result in the combined entity being marketed as XL Catlin as part of a global advertising campaign to be launched next week.
Scheme of arrangement for XL's takeover of Catlin becomes effective
The scheme of arrangement under section 99 of the Companies Act 1981 pursuant to which XL Group has acquired the entire issued and to be issued share capital of Catlin Group has become effective.
Zhang to exit Markel after Shanghai office opening
Steven Zhang, chief representative of Markel's Beijing office, will be leaving the company after helping establish the Shanghai office.
Quotas not seen as the cure for lack of London market diversity
London market professionals have acknowledged more needs to be done to overcome its historic lack of inclusivity, but have stopped short of backing a quota system as a means to increase diversity in the marketplace.
Penny Black’s Insurance Week - 30 April 2015
Penny has some sympathy for company recruiters these days, with many fearful of cracking a joke in case a poorly judged remark lands them on the wrong side of an employment tribunal.
Brit appoints South America expert from Swiss Re
Guillermo Eslava has left Swiss Re to become vice president, casualty reinsurance for Latin America and the Caribbean at Brit.
Aspen ‘operating on all cylinders' in Q1
Aspen Insurance Holdings has reported a net income after tax of $128m (£85.5m) for the three months ended 31 March 2015 alongside a 7.4% increase in gross written premiums.
Biba joins Lloyd's diversity charter
The British Insurance Brokers' Association has become an official supporter of the Inclusion At Lloyd's initiative by signing the Lloyd's diversity and inclusion charter.
Lochain Patrick looks to Alston Gayler for director hire
Lloyd's broker Lochain Patrick has appointed marine and energy specialist David Jackson as a director and producing broker.
Trade Voice: Inclusion key to developing skills
It’s not just new entrants into the industry that need access to skills and knowledge, says Managing General Agents’ Association, managing director Peter Staddon,
India's long-awaited opportunity
India’s general insurance sector looks set for a flurry of activity following a long-awaited change in the law allowing foreign companies to increase the stakes they hold in local firms, writes Nicky Burridge.
C-suite - Insurer: Apocalypse now?
As long as there is choice in the market, it would take a brave insurer to write off Lloyd’s just yet, says Aegis head of broker relations Nigel Roberts.
Brit syndicate growth highlights Lloyd's desirability for M&A buyers
Gross written premium growth experienced by Brit's sole Lloyd's syndicate in 2014 is a marker of the continuing attractiveness of having a sizeable Lloyd's platform for companies seeking a third party buyer, according to market analysts.
Dual launches Netherlands marine operation
Hyperion's underwriter Dual has opened its first Netherlands office writing marine and energy lines.
Market Moves - 16 April 2015
Who has moved where this week in the insurance industry.
Hiscox CFO Bridges to exit
Hiscox chief financial officer Stuart Bridges is to the leave the insurer after 16 years to join ICAP as group finance director.
Quiz of the week - 10 April
Test your knowledge of this week's news with our just for fun quiz.
Brit syndicate bolsters position at Lloyd's as QBE slips down GWP list
The axing of unprofitable business by QBE has seen the insurer’s largest individual Lloyd’s syndicate plummet in terms of its top ten standing by gross written premium, as Brit moves up the rankings.
LMA launches first competitive board election for three years
Eight candidates are fighting it out for six positions on the Lloyd’s Market Association’s governing body in what will be LMA’s first competitive election since 2012.
Standard Syndicate vows to bring new marine business to Lloyd’s
Standard Syndicate (Syndicate 1884) has commenced underwriting at Lloyd’s with a range of specialist cover targeting shipowners.
JLT raids Willis for 22 strong fine art and specie team including new CEO Gordon
JLT Specialty has recruited David Gordon from Willis to head up its specie, fine art & jewellery division.
Insurance Hall of Famer Duperreault praises Lloyd's resilience
Brian Duperreault has hailed the resilience of the Lloyd's market, but warned that it has to remain relevant in ever-changing times.
Celebrity Endorsements: All that glitters
What happens when the actions of a company’s celebrity endorser bring a campaign to its knees?
Telford succeeds Rocks in Liberty management reshuffle
Liberty Specialty Markets has announced Alan Telford will succeed Sean Rocks as chief underwriting officer of its commercial division.