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Blanc’s back with ‘Oval Mark II’ plans
Former AJ Gallagher and Oval executive Peter Blanc is set to return to the market through a management buy-in of a small retail broker, bankrolled by a private equity partner.
Charlie Thomas
,
13 April 2015
Jobs Act change ramps up exposure for US D&O
A change to the US Jobs Act that makes it easier for small companies to raise capital will increase exposure for directors' and officers' (D&O) underwriters.
Charlie Thomas
,
13 April 2015
Ursano resigns from WCMA
Tony Ursano, chief executive of Willis Capital Markets & Advisory (WCMA), is leaving the big three broker, The Insurance Insider revealed earlier today (13 April).
Charlie Thomas
,
13 April 2015
Kelan Hunt to join Chaucer as head of energy
Leading London market energy underwriter Kelan Hunt is set to join Lloyd's specialty (re)insurer Chaucer as head of energy, The Insurance Insider revealed earlier today (13 April).
Mark Geoghegan
,
13 April 2015
ProSight challenges HMRC over VAT claim
Lloyd's insurer ProSight Specialty Underwriters Limited is seeking a rebate from the UK tax authorities (HMRC) over supplies provided for Syndicate 1110 that were standard rated.
Charlie Thomas
,
13 April 2015
Start-ups struggle for premium in tough market
New start-up syndicates are struggling to write sufficient premium to keep pace with their planned stamp capacities, as market conditions continue to worsen.
Jenny Messenger
,
13 April 2015
Sportscover reports £10.7mn loss
Sportscover's Syndicate 3334, which was acquired by Hamilton last year, has reported a £10.7mn loss for 2014 in a severe deterioration on the previous year.
Dan Ascher
,
13 April 2015
Liberty underwriting profits steady in 2014
Liberty Syndicates 4472 reported underwriting profit of £49mn for 2014 as reduced premium volume and increased costs masked an improved underlying loss ratio.
Dan Ascher
,
13 April 2015
AmTrust syndicate posts £32mn underwriting loss
AmTrust's Syndicate 1206 posted an underwriting loss of £32mn for last year following a further deterioration in the carrier's liability book for 2013 and prior years.
Dan Ascher
,
13 April 2015
QBE slashes Lloyd’s top line by a fifth
QBE dramatically scaled back the amount of business it wrote at Lloyd's in 2014, with gross written premiums down by £347mn ($507mn) compared to the previous year.
Adam McNestrie
,
13 April 2015
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