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OFT steps in to prevent UK motor price fixing
Seven major motor insurers including RSBI, Zurich and Axa have agreed to restrict the extent they share data with each other, following an UK Office of Fair Trading (OFT) investigation into price fixing.
17 January 2011
Beazley property exec moves to rival
Axis Insurance has continued to strengthen its London property team by hiring the well regarded Alistair Robson from rival Beazley, sister publication Inside FAC revealed last week.
17 January 2011
Radke returns in Argo reshuffle
Bermuda-headquartered Argo Group has announced a shake-up of its international operations, with Julian Enoizi departing as managing director of its Lloyd's operation.
17 January 2011
LMG: slip cases could be history on Lime Street by 2017
The London Market Group (LMG) has proposed phasing out slip cases by 2017 in a consultation document on the long-term future of Lime Street.
17 January 2011
Shares fall heavily for Amlin on NZ loss news
Lloyd's sector star Amlin saw its shares fall 8.5 percent on the London Stock Exchange last week as investors reacted badly to the firm doubling its New Zealand loss estimate.
17 January 2011
Amlin and Argo take NZ earthquake loss creep past $300mn
Revised loss forecasts from reinsurers Amlin and Argo have taken the growth in reported reinsurance losses from the New Zealand earthquake past the $300mn mark.
17 January 2011
FSA orders Section 166 probes on two Lloyd’s brokers
Two London market brokers have been subject to Section 166 investigations by UK regulator the Financial Services Authority (FSA) in the last year.
17 January 2011
Omega CEO could earn up to £3mn on company sale
After 10 months at the helm, Omega CEO Richard Pexton stands to make up to £3mn from shares and options if a deal with Canopius closes, according to analysis from The Insurance Insider.
17 January 2011
Carlson Capital stakebuilds in two Lloyd’s M&A targets
New York-based hedge fund Carlson Capital has acquired significant stakes in recent Lime Street M&A targets Omega and Hardy, according to regulatory filings.
17 January 2011
Key Omega shareholders meet with potential buyer
Representatives from Omega's leading shareholders - including 29.7 percent owner Invesco - held an official meeting with Canopius on Friday (14 January), The Insurance Insider understands.
17 January 2011
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