Marine
LMG outlines next phase of electronic endorsement pilot
London Market Group has announced that its electronic endorsements pilot is moving into the next phase.
CNA Europe names new underwriting bosses
CNA Europe has appointed Paul Dowling and John Taylor to the newly created roles of chief underwriting offer of commercial lines and specialty lines respectively.
Chubb confirms £41.5m Lloyd’s syndicate
Chubb has confirmed it has received approval from the Lloyd’s Franchise Board to establish a new Syndicate which will be named Chubb 1882.
Postscript - 30 years ago: Shipbuilders buy 'state-of-art' data
Looking through Post's back cataloguepaints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Legal update - Piracy: Making demands
With pirate attacks becoming more regular, Emma Rice looks into the legal issues surrounding the payment of ransoms.
Lloyd’s insurer closes in on KGM acquisition as it looks to diversify book
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Aviva trains sights on specialty lines
Aviva's new chief underwriting officer Axel Schmidt has revealed a wide-ranging plan to broaden its risk appetite by concentrating on areas it is currently under strength in, including local authority insurance.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.
London P&I Club increases free reserves by 22% in 2009/10
THE London P&I Club has reported a financial year surplus of $25.9m for the year ended 20 February 2010.
BIBA 2010: Ace launches four new enhanced business covers
Ace UK was today due to launch a suite of new products targeting companies with one or more overseas branches, retailers, hotel groups and machinery manufacturers.
Chaucer reports 11% hike in motor rates
Lloyd's insurer Chaucer this morning reported a drop in gross written premium income to £250.1m (2009 Q1: £257.8m).
Markel growth despite quake
Markel International reported a 13% growth in gross written premiums in the first quarter of the year to $208.2m (Q1 2009: $185.0m). However, the insurer's combined ratio deteriorated to 109% (Q1 2009: 97%), which it attributed to $17m or 12 points of…
Oil spill could cost $3.5bn
The Deepwater Horizon oil slick approaching the Louisiana coastline could cost the insurance industry $3.5bn (£2.3bn).
Chaucer expecting $25m oil spill hit
Lloyd’s insurance group Chaucer has estimated losses of $25m (£16.9m) to Syndicate 1084 due to the explosion of the Deepwater Horizon oil platform in the Gulf of Mexico.
Postscript 30 years ago: Mancunian speaks out over fraud
The Manchester Marine Insurance Association had its 76th annual general meeting last month. Its outgoing chairman, Mr H E Wright of Eagle Star made some pungent comments that are worthy of record in this day and age of supertanker scuttlings and the rest.
Post Europe Interview: Anne-Sofia Hedin
Sweden has attracted a lot of attention recently, not least because of RSA's growth plans there and the opening of a new Lloyd's representative office. Lynn Rouse speaks to Markel's general manager in Sweden Anne-Sofia Hedin to get a better of idea why…
Insurance industry must do more to combat piracy – House of Lords
A report released from the House of Lords has said that the insurance industry “must accept a greater degree of responsibility” in the fight against piracy
Former Willis director joins RFIB
A former executive director from Willis, Karl Haynes, has joined RFIB Group as director of international claims. Mr Haynes was at Willis for more than 25 years, most recently within its marine division with responsibility for the international, trade &…
Torus appoints marine head
Torus has appointed Demian Smith as global head of marine with immediate effect. Reporting to chief underwriting officer of global specialty Dermot O’Donohoe, Mr Smith will facilitate the expansion of Torus’ specialty offering through the set up and…
Interview - John Hennessy: Opportunity knocks
CNA Europe CEO John Hennessy may have only been to London once before taking up his new role, but he tells Jonathan Swift why he already feels at home in the local market.
Carroll set to depart Canopius
Canopius Managing Agents underwriting director Tim Carroll is set to leave the company less than 18 months into the role.
Chaucer
Chaucer Holdings has appointed Andrew Voke to the newly created role of head of production for Syndicate 1084.
Election 2010 - Industry Q&A: Question time
In the final part of the countdown to the general election, Post took questions from the leading lights of the insurance industry and put them to the three main political parties.
Laser technology could reduce premiums
The introduction of new anti-pirate laser technology aimed at commercial shipping firms could lead to marine insurers reducing premiums.