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  • There was a flurry of trades in capacity rights for Flagstone-managed Syndicate 1969 in the fourth and final Lloyd's capacity auction this year after the Bermudian reinsurer announced plans to exit the market.
  • Nigel Hanbury, the veteran Lloyd's members' agent and champion of the Lloyd's Name, is returning to the market after a two-year absence.
  • It took some time, but AmWINS has finally agreed an offer to buy the UK-listed broker Thompson Heath & Bond (THB), creating a company placing more than $6.7bn in annual premiums with some 2,400 employees in 20 countries.
  • Operating profits at Miller Insurance Services slid by 24.8 percent to £5.37mn and operating margins fell by more than half in the 12 months to 30 April.
  • David Bruce, head of specialty London market business, has left Hiscox suddenly after a distinguished career with the blue-chip Lloyd's (re)insurer that spanned almost 40 years, The Insurance Insider can reveal.
  • Lloyd's will not follow up its operations in Singapore and China by establishing regional hubs in other overseas markets, its CEO Richard Ward told the Xchanging London Market Conference last week.
  • The European Risk Insurance Company (Eric) shrugged off questions over its lack of rating and the quality of its reinsurance before the crucial 1 October UK solicitors' professional indemnity (PI) renewals to win more than £8mn of premium income.
  • QBE and XL have upped their premium volume in the UK solicitors' professional indemnity market to plug the gap left by Chartis UK's decision to cut back, figures released by the Solicitors Regulation Authority (SRA) show.
  • Hiscox CEO Bronek Masojada last week attacked certain segments of London market reform for potentially destroying some key competitive advantages.
  • French mutual insurer Groupama is in negotiations with reinsurance giants Berkshire Hathaway, Munich Re and Swiss Re over a possible capital injection to shore up its balance sheet following ratings downgrades, according to French financial newspaper Les Echos.