Charles Taylor

Lovell Minnick offers a 34 percent premium over yesterday's closing price in a deal which follows on the heels of the Standard Club and CTMA disposal agreement with Premia.

The CEO says the agreement with the run-off specialist “provides closure”.

Premia and a consortium made up of Compre and Hudson Structured are understood to be the final two suitors.

Joshila Tailor will join the Bermuda-based insurer as global head of fine art and specie.

The local business will be led by former Takaful Emarat executive Shahid Safdar.

Colin Grint will become COO of Gallagher’s UK Retail division, as he returns to broking after Lloyd’s CEO roles.

CEO David Marock says the company could yet retain a stake in the JV.

The insurance services group confirms a strategic review of its Lloyd’s managing agency.

Forging CTMA and the Standard Syndicate into a dedicated Lloyd's run-off player would add useful new capacity.

A clutch of legacy players are likely to consider bids for the business.

Business could be relaunched in the company market.

The results were in line with expectations and driven by improved output from the adjusting segment.