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  • Lloyd's underwriting and claims supremo Tom Bolt has told managing agents they will soon be asked to justify their pricing methodology in detail to the Franchise Performance Directorate.
  • Ron Sandler has rejected a number of approaches from Lloyd's to take over as chairman of the Society when Lord Levene of Portsoken steps down next year, The Insurance Insider can reveal.
  • Small quoted Lloyd's insurer Hardy Underwriting has rejected a £158.4m takeover approach from its larger rival Beazley Group, with the move offering further evidence that consolidation fever has taken grip of Lime Street.
  • UK insurer Brit Insurance has extended its exclusivity period with the private equity consortium of Apollo and CVC for a further ten days to 25 October, signalling that the prospect of a buy-out is increasingly likely.
  • Lloyd's underwriting and claims supremo Tom Bolt has told managing agents they will soon be asked to justify their pricing methodology in detail to the Franchise Performance Directorate.
  • Lloyd's (re)insurer Hardy Underwriting Bermuda has hired two underwriters from QBE to spearhead its entry into the kidnap and ransom (K&R) market and facilitate its expansion in crop insurance.
  • Jardine Lloyd Thompson (JLT) has continued to lure Aon executives with the hiring of another team of producers from the broking giant.
  • The London market directors' and officers' (D&O) insurers of fraud-hit Stanford Financial Group (SFG) are making a counterclaim for reimbursement of some $15mn in defence fees, The Insurance Insider can reveal.
  • Tom Bolt delivered his long-awaited Lloyd's claims vision today (14 October), which combines a new intrusive approach to standards and a liberalisation from the requirement to use the market's current sole service provider, Xchanging.
  • Andrew Beazley, a leading London market figure and founder of Lloyd's insurer Beazley Group, passed away yesterday (13 October) after a long battle with ill health.