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Ward: Lloyd’s must change to remain global centre
Lloyd's must genuinely embrace an emerging markets strategy or it will forfeit its position as the pre-eminent global centre for specialist insurance and reinsurance, the Corporation's CEO Richard Ward has said
06 November 2012
Brit’s Murphy installed as Dual GL head
Ex-Brit underwriter for specialist liability John Murphy has been officially confirmed as the head of a new general liability (GL) division at managing general agent (MGA) Dual.
06 November 2012
CEOs canvassed on demand for volume claims platform
A fourth quarter survey of Lloyd's CEOs will gauge the appetite for a proposed volume claims service (VCS) in the London market
06 November 2012
MMC beats on earnings but Guy Carp organic growth slows
Marsh & McLennan Companies (MMC) beat analysts' consensus earnings per share (EPS) forecasts by a cent as it continued to report solid organic growth in its risk and insurance services business
06 November 2012
Companies responsible for gold-plating of regulation, says JLT Re CEO
The UK (re)insurance industry is as much at fault for the gold-plating of regulation as the Financial Services Authority (FSA).
06 November 2012
London market urged to speak as one
The London insurance market needs to develop a unified voice to represent its interests with regulators, politicians and customers, delegates at The Insurance Insider's Xchanging London Market Conference heard this morning
06 November 2012
Hannover Re doubles profit; Sandy to underpin 1.1 renewals
Low catastrophes and higher investment income helped Hannover Re double operating profit for the first nine months of 2012, as the firm said the impact of Superstorm Sandy will underpin reinsurance rates at 1 January.
06 November 2012
Lancashire to launch sidecar for 1 January
Lancashire Group will launch a new $250mn collateralised sidecar-style vehicle for the 1 January renewals
06 November 2012
Xchanging highlights commitment to London market
Despite some uncertainty generated by Project Darwin in parts of 2011-12, Xchanging has continued to invest in developing the London market's back office and process infrastructure
06 November 2012
Argo beats on improved international specialty and Lloyd’s arms
Argo Group booked third quarter operating profits of $15.3mn, or $0.59 a share, that put the Bermudian ahead of Wall Street consensus forecasts of $0.57 a share.
06 November 2012
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