Lloyd’s/London
Equinox Global strengthens international team
Equinox Global has appointed Joe McNamara as vice president of credit and political risk in New York and Dagmar Böhning as underwriting manager, at Equinox Global in Hamburg, Germany.
Dane Douetil takes the reins at BMS Associates
BMS Associates has named Brit Insurance chief executive Dane Douetil as its new group CEO.
Matthew Cannock named new Markel MD in Singapore
Markel International has appointed Matthew Cannock as managing director in Singapore.
UK commercial market returning to health says Amlin CEO
Improvements in UK commercial fleet have helped bolster Lloyd’s insurer Amlin’s results and the UK commercial market is becoming ‘healthier’ overall according to its chief executive.
Amlin returns 'solid results' for H1 2013
Amlin's chief executive Charels Philipps has dubbed the insurer’s first half results for 2013 “solid”.
Post Intelligence – company profile: Standard Chartered Bank
With an operating income of $19bn the Group is targeting double-digit income growth. Standard Chartered is looking to bolster its wealth management presence in India through acquisitions.
Touchstone unveils online broker service with Websure
London managing general agent Touchstone Underwriting is to launch an online service for specialist brokers, in collaboration with Websure.
Post magazine – 15 August 2013
This week's issue of Post is now available to subscribers.
Chaucer swoops for Travelers marine specialist
Lloyd’s specialist insurer Chaucer has recruited Travelers’ senior UK marine underwriter.
Interview: Markel's William Stovin: Culture club
Happy with the cultural fit following Markel’s $3.1bn acquisition of Alterra, president and chief operating officer William Stovin is looking to drive the newly merged firm forward.
Kiln appoints active underwriter for Syndicate 1880
Kiln has appointed Satoshi Naganuma as active underwriter of Tokio Marine Kiln Syndicate 1880.
LMA to join government maritime security committee
The Lloyd’s Market Association has been invited to join a new government committee monitoring security at UK ports and harbours.
Catlin sees pre-tax profits tumble 37% after investment returns plummet
Catlin has seen its H1 profits scythed by more than a third following a steep drop in its net investment income.
Kiln hikes name syndicate forecasts
Kiln has boosted its return on capital forecasts for Lloyd’s names-backed non-life syndicates following strong performance.
Swiss Re P&C arm hit by nat cat losses in Q2 2013 as COR jumps to 100.7%
Swiss Re this morning reported net income of US$786m (Q2 2012: US$83m) in the second quarter of the year on premiums earned of $6.8bn (Q2 2012: US$6.1bn).
Mitsui Sumitomo expands senior underwriting team
Mitsui Sumitomo at Lloyd’s has added two experienced underwriters to Syndicate 3210 as part of a plan to diversify its products and distribution and capitalise on international opportunities.
Lancashire reveals Cathedral deal
Bermudian insurer and reinsurer Lancashire Holdings has confirmed it is in negotiations to acquire Lloyd’s insurer Cathedral Capital for £266m.
IUA establishes Political Risk Committee
The International Underwriting Association has created a new London market Political Risk Committee comprising underwriting and claims representatives from across the association’s member companies.
Simon Philpin joins Equinox Global
Equinox Global has appointed Simon Philpin as London-based senior credit analyst based.
Direct Line cost drive 'crucial' as premiums drop
The latest AA index shows competition is intensifying and makes Direct Line's cost efficient drive 'crucial' according to Westhouse analyst Joanna Parsons.
Small claims track decision disappoints LMA
Lloyd’s Market Association is disappointed the Transport Select Committee has recommended keeping whiplash claims out of the small claims track.
Curtis lands Barbican CEO role
Barbican Group has appointed Ken Curtis as chief executive of Barbican Managing Agency.
Am Trust agrees £57m deal for Sagicor Europe
Am Trust Financial Services has agreed to acquire Sagicor Europe from Sagicor Financial Corporation for approximately £57m.
Eamon Brown new Jubilee CUO
Eamon Brown has been appointed chief underwriting officer at specialist Lloyd’s insurer Jubilee.