Lloyd’s of London
Am Trust applies to combine three syndicates
Am Trust has applied to Lloyd’s for approval to combine its three fully aligned non-life syndicates under one management.
Sciemus to rebrand after securing investing partnership
Specialty Lloyd’s managing general agent Sciemus is set to rebrand after securing an investing partnership with HSCM Bermuda.
Beale calls for ‘urgent’ flood insurance reform
Hurricane Harvey and Irma both highlight the problem of inadequate flood insurance and need for reform in the United States, Inga Beale has said.
Lloyd’s catastrophe exposure driving ratings downgrade
The current catastrophe exposure of Lloyd’s has left the market vulnerable, Fitch Ratings has said.
ILS reform could be 'too little too late' for UK, says AM Best
The London Market may have missed its chance to become a centre for insurance-linked securities despite a working structure expected in the next few weeks, said AM Best’s head of Europe.
Lloyd's report pegs Miami windstorm at $131bn as Irma heads for Florida
Hurricane Irma could see industry property losses of $131bn, according Lloyd's realistic disaster scenario analysis.
Harvey unlikely to drive ratings downgrades
Hurricane Harvey is unlikely to trigger ratings downgrades for property and casualty insurers and reinsurers, said Fitch Ratings.
Helvetia posts 8% boost in profits for H1
Swiss insurance group Helvetia increased its profits by 8% to SFr 258m (£208m) in the first half of 2017.
Dive In Festival: Insurers taking the plunge
Every year, insurers pledge their commitments to the drive towards diversity in the annual Dive In Festival. But is this empty talk?
This week in Post: Thoughts with Texas
The world watched with horror last weekend as Hurricane Harvey made landfall, its high winds bringing devastation to Texas. It’s been downgraded to a tropical storm but the floods from its torrential rains continue to wreak havoc.
Lloyd's premiums predicted to decline
Premium growth at Lloyd's is likely to slow as competition intensifies and economic growth remains tepid, according to Moody's Investors Service.
Lloyd's syndicates file counterclaim against Kanye West
Multiple Lloyd’s syndicates have filed a counterclaim against singer Kanye West.
London Market insurers take fall after Harvey, no sign of ratings rise
Hurricane Harvey’s deluge of wind and rain across Houston and the Texas Gulf Coast hurt the shares of London Market property and casualty insurers on Tuesday as analysts peg insured losses as high as $20bn (£15.5bn).
Market veteran Ian Burford joins Fidelis as specialised risks chairman
Ian Burford is joining Fidelis’ London underwriting team as chairman of specialised risks.
Axis increases Novae takeover offer to 715p per share
Axis has improved its cash offer to acquire Novae to 715 pence per share valuing the Lloyd’s listed insurer at approximately £477.6m.
Deloitte partner Rakow fined £75,000 for misconduct
Deloitte partner James Rakow has been fined £75,000 for misconduct in relation to actuarial services provided to Equity Syndicate Management Limited.
Obituary: Mike Hannan, a ‘venerable institution’ of Lloyd’s
Mike Hannan, a “venerable institution” of the London insurance market, has passed away this week aged 74.
I work in insurance: Dr Edwin Rajadurai, Servca
Dr Edwin Rajadurai is an associate director with Lloyd’s broker Servca. He qualified as a doctor in 2011 from Lugansk State Medical University in the Ukraine.
Inga Beale elected CII president
Inga Beale has been elected the 121st president of the Chartered Insurance Institute at the professional body’s Annual General Meeting held in London today.
Novae and Axis boards give acquisition the green light
The boards of Novae and Axis have agreed the terms of sale that will see the Bermuda-based reinsurer take over the Lloyd’s carrier.
Ed goes live with new trading platform to complement PPL
London market broker Ed is rolling out its own digital trading platform that will complement Lloyd’s payment placement platform.
Kanye West sues Lloyd's syndicates for $10m over cancelled tour dates
Kanye West is suing numerous Lloyd’s syndicates for $10m over the artist’s cancelled tour.
Neon names Boorman head of financial lines
Specialty carrier Neon has named Charles Boorman head of financial lines.
Towergate takes aim at specialty market with Geo Specialty launch
Towergate Underwriting has set its sights on the London speciality market through the launch of Geo Specialty.