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Catlin stops the clock on Tripoli aviation war loss
The aviation war market is no longer on risk at Tripoli Airport after Catlin moved to exclude Libya from the policy of Libyan African Holding Company, The Insurance Insider has learned.
28 July 2014
War insurers pass up chance to squeeze Malaysia Airlines for more premium
Lloyd's insurer Atrium and the other war underwriters for Malaysia Airlines have decided not to exercise their right to immediately raise the premiums for its insurance coverage, The Insurance Insider has learned.
28 July 2014
Chasing revenues is a ‘fool’s game’: Hiscox CEO
Hiscox Ltd will continue to scale back its reinsurance top line as long as competitive market conditions persist, group CEO Bronek Masojada told The Insurance Insider.
28 July 2014
MMC closes UK defined benefits pension
Marsh and McLennan (MMC) UK employees enrolled in the firm's defined benefits pension fund will be transferred into a new defined contribution arrangement at the end of this week (1 August) following a long consultation period.
28 July 2014
News digest
RFIB appoints; FX hits Hiscox; Swails resigns; Growth stalls; Lloyd's affirmed; Weather blue; Chubb's miss; Higher profits; Mapfre solid H1; Gallagher unveils
28 July 2014
Willis win three big-ticket D&O accounts from Marsh
Willis has won three significant directors' and officers' (D&O) accounts from rival broker Marsh over the past 18 months, The Insurance Insider understands.
28 July 2014
Sportscover at Lloyd’s to be auctioned off
Sportscover's loss-making Lloyd's operation is set to be auctioned off by the Nash family after its proposed sale to Flagstone founder Mark Byrne collapsed, The Insurance Insider can reveal.
28 July 2014
Armistice Day
Sometimes we industry insiders place too much of a burden on our shareholders.
28 July 2014
Endurance’s $3bn+ Aspen pursuit hangs in the balance
Endurance will not take a final call on whether to continue its hostile attempt to acquire Aspen until later this week, but most market observers expect CEO John Charman to reluctantly back down.
28 July 2014
London modernisation takes step forward with broker messaging
The London Market Group (LMG) today (28 July) unveiled a new initiative to allow brokers to access the Lloyd's market more easily by ensuring that the Acord standardised messages used outside the market will now be acceptable in London.
28 July 2014
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