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Lloyd’s CEO casts Bolt as enforcer
Tom Bolt, the self-effacing Texan who is head of Lloyd's underwriting standards, has seen his role change in the year since he joined the Society because of the enervating market conditions.
29 November 2010
ILWs kicking in as NZ quake costs pass $3bn
The industry loss on the New Zealand earthquake has topped $3bn, triggering reinsurance derivatives bought after the Chilean quake, The Insurance Insider understands.
29 November 2010
Solvency II delay finally confirmed
European industry supervisors have confirmed the (re)insurance sector's worst kept secret - the Solvency II go-live date has been moved back from Halloween 2012 to New Year's Day 2013.
29 November 2010
Irish cling to low business taxes as S&P clarifies downgrade concerns
Irish hopes of remaining a premier jurisdiction for international reinsurance have received a major boost with the EUR67.5bn European Union and International Monetary Fund (IMF) bailout leaving its 12.5 percent corporation tax rate unchanged.
29 November 2010
Key Lloyd’s investor warns against M&A temptations
Companies will need to argue their case strongly to gain investor support for proposed acquisitions, despite the relatively modest prices of most insurance businesses.
29 November 2010
Catlin calls for next Lloyd’s chairman to come from industry
Lloyd's grandee Stephen Catlin has said that Lord Levene's successor as chairman of the market should come from the (re)insurance industry.
29 November 2010
Irish trade body reassured on downgrade threat
Ireland-domiciled international insurers will not automatically face downgrades after the country's sovereign debt rating was slashed, according to Irish trade body the Dublin International Insurance & Management Association (Dima).
29 November 2010
Mather gets top Ariel Re underwriting job
Ariel Re has promoted Ryan Mather to the newly created position of chief underwriter for reinsurance.
27 November 2010
Beazley questions logic of Hardy share buyback
Hardy shareholders are likely to receive less than 330p per share from the company's substantial share buyback programme if the Beazley takeover fails, according to Beazley Group CEO Andrew Horton.
26 November 2010
Catlin: No more new Lloyd’s syndicates for 2011
Stephen Catlin has called for the doors to be barred to new Lloyd's entrants next year as existing syndicates struggle with softening rates and overcapacity.
26 November 2010
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