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Oil limit expands to $300mn amidst 2012 policy revisions
Bermudian energy mutual OIL Insurance Ltd will increase its policy limit for non-windstorm events from a maximum of $250mn per member to $300mn per member from 1 January 2012.
21 November 2011
Nelson presents moderniser’s credentials
Lloyd's must modernise, internationalise and diversify its talent pool if it is to succeed in the next decade and beyond, its new chairman John Nelson told senior London market executives last week.
21 November 2011
Pressure on energy reinsurance rates and retentions
Primary energy underwriters will be under pressure to retain more risk themselves as the market heads towards 1 January, when around 75 percent of energy reinsurance contracts renew.
21 November 2011
Syndicates bearish on 2009-10 results as losses bite
A number of Lloyd's syndicates have pared back profit predictions from the past two years of underwriting as low investment rates pull down results.
21 November 2011
New QS deals may fuel Lloyd’s to record size in 2012
Further evidence is emerging that Lloyd's capacity may increase slightly next year to a new record size, as a number of syndicates are unveiling new quota share arrangements to increase their potential stamp.
21 November 2011
Quoted Lloyd’s (re)insurers look forward despite cat detioriation
The major Lloyd's (re)insurers have endured another volatile quarter, as last week's cluster of third quarter operating updates demonstrated, but inevitably the focus has largely turned to 2012 and potential pricing improvements.
21 November 2011
Accordion hits $50mn mark
Lancashire has written $50mn of premiums through its 2011 Accordion sidecar, the company revealed in a third-quarter earnings presentation last week.
21 November 2011
Catlin draws first China venture to Lloyd's
China Re to launch Catlin Lloyd's QS syndicate in 2012
21 November 2011
S&P: Beware false dawns for UK motor
Recent improvements in UK motor insurance results will be short-lived and the underwriting cycle may even have already passed its peak, according to Standard & Poor's (S&P).
21 November 2011
Former Guy Carpenter COO Fry joins ANV
The ambitious managing general underwriter (MGU) and insurance start-up ANV has added to its roster of industry heavy-hitters by appointing former Guy Carpenter COO Charlie Fry to its London office, The Insurance Insider can reveal
21 November 2011
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