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Lloyd’s casualty business falls to underwriting loss

Casualty insurance business at Lloyd's swung to an underwriting loss on an accident-year basis in 2015, with a combined ratio of 104.5 percent for the year

Catrin Shi, 23 March 2016
Lloyd’s combined ratio deteriorates in 2015

The Corporation of Lloyd's saw its combined ratio deteriorate by 1.6 percentage points to 90 percent in 2015, after the accident year excluding major claims worsened.

Charlie Thomas, 23 March 2016
Marketform sells UK med-mal book to Beazley

American Financial Group's Lloyd's platform Marketform has sold its UK medical malpractice book to Beazley and agreed to transfer its team across, completing its exit from the class of business, The Insurance Insider can reveal.

Adam McNestrie, 23 March 2016
Heritage finally closes Zephyr deal at $120mn

Heritage finally sealed its deal to acquire Hawaiian specialty carrier Zephyr yesterday (21 March) for a final consideration of $120mn that is $14mn higher than initially announced.

Dan Ascher, 23 March 2016
Brit leads new Lloyd’s commercial general aviation consortium

Brit will lead a new Lloyd's consortium to write commercial general aviation business, The Insurance Insider can reveal.

Dan Ascher, 22 March 2016
International Group reaches compromise with US authorities over Iran

The International Group of P&I Clubs (IG) announced today (22 March) it has reached an agreement with the US Treasury's Office of Foreign Asset Control (OFAC) to allow US-domiciled (re)insurers to participate in an interim "fall-back" programme that will provide cover for Iran-related liabilities.

22 March 2016
Japanese bulker runs aground in Washington state

A Panama-flagged bulker ship has run aground in the Columbia River near the town of Cathlamet in Washington state, according to local media reports.

Matthew Neill, 22 March 2016
Oil cost-cutting linked to increased major incidents: Marsh

Marsh has drawn a specific correlation between falls in the oil price, energy firms' cost-cutting, and falling safety standards, leading in turn to significantly larger insured losses

Matthew Neill, 22 March 2016
BMS hires cyber chief

BMS has hired James Gordon as managing director of its cyber and technology division, the specialist wholesale broker announced today (22 March)

Matthew Neill, 22 March 2016
Fosun confirms part-sale of Ironshore

Chinese conglomerate Fosun has announced that it is exploring an IPO in its Bermudian insurance subsidiary Ironshore

Adam McNestrie, 22 March 2016

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