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Savage warns that Lloyd’s will intervene over Solvency II
Lloyd's will intervene in the business and capital plans of its managing agents lagging in their preparations for Solvency II, The Insurance Insider can reveal.
04 October 2010
Torus founder Hope joins Capita
It has emerged that David Hope, one of the founders of energy specialist Torus Insurance Holdings, has joined the board of Lloyd's "turnkey" provider Capita Managing Agency as a non-executive director.
04 October 2010
Flagstone appoints new Lloyd’s head
Flagstone Re's Lloyd's subsidiary has replaced its CEO, Dominic Kirby, with its current managing director Karl Grives, it was revealed last week.
04 October 2010
Motor syndicates may make further losses in 2011
Lloyd's two dedicated motor underwriting operations may continue to register underwriting losses in 2011 despite the efforts of their managing agencies.
04 October 2010
Lloyd’s pricing falls in third auction
Pricing fell across the board in the third Lloyd's capacity auction last week, with marked declines for poorly performing syndicates.
04 October 2010
Munich Re edges closer to buying out Names
Munich Re's Lloyd's insurer, Beaufort, has edged closer to the 90 percent ownership threshold of Syndicate 318 that allows a mandatory offer for its remaining third-party capital.
04 October 2010
Lloyd’s $2.5bn cat bill bites deep
The aggregate results for the Lloyd's market were the worst for over five years, as H1 pre-tax profits more than halved following heavy exposures to the Chile earthquake and other major cat losses.
04 October 2010
Chaucer overhauls board and management
Chaucer, tipped by many to be the next Lloyd's insurer to receive takeover interest, has continued its recent drive to bolster its board.
04 October 2010
Lead us not into temptation
Ask any free market economist and they will tell you that incentives are the prime drivers of human behaviour.
04 October 2010
MMC capital management welcomed as earnings target questioned
Marsh & McLennan (MMC) has set itself an ambitious long-term earnings per share (EPS) growth target of 13 percent, despite the soft market and economic headwinds.
04 October 2010
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