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  • Listed Lloyd’s (re)insurer Brit Insurance Holdings has hired Ben Maidment as Privacy, Cyber and Technology underwriter for its US PI team, which is headed by Janet Henderson.
  • Lloyd's insurers Canopius and Hiscox will be forced to face the music if attempts to recover a $1.9mn antique violin stolen in London on Monday (6 December) are unsuccessful, The Insurance Insider has learned.
  • Little doubt remains on the outcome of the joint Apollo-CVC bid for Brit Insurance after a series of resolutions on the makeup of the Board were overwhelmingly approved by shareholders at an EGM today (17 December).
  • The morale of the London market - which has come up second best against Bermuda in the post 11 September capital raising stakes - was improved with the announced £139mn AIM float of Professional Risk Insurance Ltd.
  • London-listed Lloyd's carrier Beazley today (8 May) reported a slight drop in premium income during the first quarter, but said rates had remained flat overall despite mounting competitive pressure.
  • UK insurer Brit Holdings plc announced the creation of an independent underwriting advisory forum as part of a group restructure.
  • London market back-office service provider Xchanging Insurance Services (XIS) has announced it will significantly streamline the Lloyd’s Stage 2 policy wordings checks.
  • The failure of previous ventures has given the London market a certain notoriety for its inability to embrace new processes and methods of doing business. But is this fair? And, more importantly, are we finally seeing some real progress...
  • American International Group (AIG) and Munich Re lead the $150mn+ construction all risks (CAR) policy for the fatal explosion at the Kleen Energy gas- and oil-fired plant on 7 February.
  • US insurance group American Financial Group (AFG) reported an 8 percent year-on-year drop in full-year earnings for 2010 to $479mn, due to deteriorating results from its specialty P&C operations.