Lloyd’s of London
Former Chubb execs join Navigators Asia team
Three former Chubb executives have joined Navigators’ Asian operations as the insurer continues to expand in North Asian marine, casualty and specialty markets.
Brit grows Versutus sidecar to $110m
Global insurance and reinsurance firm Brit has renewed and expanded its collateralised reinsurance sidecar Versutus.
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.
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?
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.
BP Marsh takes a further 6.87% stake in Nexus
BP Marsh has acquired a further 6.87% in Nexus Underwriting for £4m.
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.
Lloyd's to cut subscription costs by 10%
Lloyd's of London will reduce its market subscriptions by 10% for 2017 as part of efforts to keep the market competitive.
Novae appoints head of marine
Specialist Lloyd’s insurer Novae has appointed Helen Steadman as head of cargo.
CG Holdings launches new MGA Corin Underwriting
Casualty & General Insurance Company Europe’s parent company CG Holdings is launching Corin Underwriting Limited, a managing general agent to handle its UK and Irish casualty risks.
Lloyd’s to update operating structure
Lloyd’s has unveiled its new operating structure, to be rolled out in the New Year.
Helios acquires Salviscoint for £800,000
Helios Underwriting has acquired Salviscoint, a limited liability member of Lloyd's, for £800,000.
Lloyd’s announces potential post-Brexit strategies
Lloyd's said setting up a single European Union subsidiary or a network of branches across several EU countries are two potential post-Brexit strategies if passporting rights cannot be maintained.
London Market launches online platform as part of modernisation agenda
The London Market Group has launched an online portal which will enable brokers and service companies to submit premiums electronically.
IUA: Single market access is key Brexit concern
The London insurance market must maintain access to the single market following Brexit negotiations, the International Underwriting Association has warned.
Tokio Marine Kiln underwriting chairman to retire
Tokio Marine Kiln underwriting board chairman Robin Hargreaves will retire at the end of the year after spending his entire career with the company.
London Market must ‘adapt and evolve,’ says Probitas senior underwriter
The London Market is afraid and reluctant to change, says Probitas senior underwriter James Andlaw.
Stephen Burr joins Pool Re as head of actuarial services
Pool Re has appointed Stephen Burr as head of actuarial services.
Marine cargo MGA launches with backing from Hiscox
A regional cargo market managing general agent has launched in the UK, backed by capacity from Hiscox and Lloyd’s syndicates.