Lloyd’s of London
Marsh names Moody as CEO of UK specialties
Broking giant Marsh has named Paul Moody as CEO of its UK specialties division.
Fidelis takes stake in surety MGA
Bermuda-based Fidelis has taken an equity stake in small business MGA Firestone Surety.
Tysers buys Cosmos’ London commercial lines business
Tysers has bought the London-based commercial lines business of Cosmos Services for an undisclosed sum.
Brit launches Sussex Capital
Specialty insurer and reinsurer Brit has launched a Bermuda-domiciled reinsurance platform, Sussex Capital.
Hood Group partners with Canopius Syndicate 4444
Data and technology insurance specialist, Hood Group, has partnered with Canopius Lloyd’s Syndicate 4444.
Duke of Norfolk joins Helios as non-executive director
Edward Fitzalan-Howard, the duke of Norfolk, has joined Helios Underwriting as a non-executive director.
This month in Post: Takeovers, tech, trials and tinsel
This week saw one of the biggest takeover deals of 2017 while our December issue highlights a year of tech.
Sector welcomes PM’s first Brexit deal
The insurance sector has welcomed news that the UK and EU plan to move onto the next phase of Brexit talks but stresses the need for certainty on the UK’s future trading relationship with the bloc.
Penny Black's Social World: December 2017
Astronauts, assault courses and an art bonus
Blog: Insurers need to manage currency risks
George Chapman, in charge of fund and institutional sales at Afex, explains how insurers can manage currency risks after the fall in sterling following the UK's vote to leave the European Union.
Former Lloyd’s management director Tom Bolt joins AIG
AIG has named former Lloyd’s performance management director Tom Bolt as chief underwriting officer, general insurance.
Hiscox Re names underwriting director
Hiscox has named Megan McConnell as director of underwriting for Hiscox Re in London.
London market issue guide on GDPR
Trade bodies from across the London market have published guidance to help members navigate the impending implementation of the General Data Protection Regulation.
Compre CEO to step down
Compre’s Nick Steer will step down as CEO of the business, effective from March 2018.
Coverys gains Lloyd’s nod on med-mal Syndicate 1975
Boston-based medical malpractice insurer Coverys has received in principle approval from Lloyd’s to launch Syndicate 1975.
Industry welcomes ILS legislation approval
The insurance sector has welcomed the decision taken yesterday by the Delegated Legislation Committee in Parliament to allow proposed insurance-linked securities regulations to pass.
Roundtable: Modernising the London market
For years, Lloyd’s of London has been grappling with the challenges of modernisation. As businesses within the London market come under increasing competition and margins are challenged, both Lloyd’s and the wider market are focusing greater energies on…
Lloyd’s pays $1.7bn for Harvey, Irma and Maria
The Lloyd’s market has paid claims worth $1.7bn in response to windstorms Harvey, Irma and Maria.
Pricing boost not enough to relieve market pressures, says Fitch
Improved pricing for London Market insurers in 2018 may not be enough to relieve the pressure on underwriting results from high expenses and lower reserve releases, according to Fitch Ratings.
Q3 nat cats accelerated plans for Ascot Re, says Brooks
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Ascot launches Bermuda-based reinsurer
Global property & casualty underwriter Ascot has launched a reinsurance business in Bermuda.
Neon looks to MS Amlin and names Heppell as CFO
Lloyd’s carrier Neon has names Richard Heppell as chief financial officer for the group.
Guernsey-based Chinese insurance company established
Brilliant Reinsurance has become Guernsey’s first Chinese insurance company.
Commercial insurance rates continue to decline in Q3
Global commercial insurance rates have declined for the 18th consecutive quarter.