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Lloyd’s insurer to hire Travelers’ property team
Travelers' Lloyd's operation has been hit by the sudden departure of its head of global property Martin Pope, along with a team of underwriters, The Insurance Insider can reveal.
08 July 2008
International News Digest
Rapprochement for AIG and Greenberg; Sullivan nets $47mn pay-off; Marsh receives Qatari licence; Enstar shares fall; Paris Re RISC ratings affirmed; AWAC deal could net Darwin chief $9mn; Ariel Re appoints new chairman
07 July 2008
Kennedys and Davies Lavery to merge
Insurance specialists Kennedys and Davies Lavery have announced that the two firms will merge from 1 September 2008.
07 July 2008
Capita closes Marsh outsourcing deal
As predicted by The Insurance Insider, Capita Group plc and Marsh UK finalised their 10-year outsourcing deal, worth £187mn, that will see around 600 staff transfer to the outsourcing firm.
07 July 2008
Lloyd's refuseniks face bankruptcy after another defeat
Around 30 Lloyd's Names face bankruptcy after losing a key court case last month over claims that they had been misled over reinsurance to close (RITC) which means Lloyd's syndicates take up business from prior years.
07 July 2008
Benfield Steels itself with Riker
Former RenaissanceRe president Bill Riker will join Benfield Group Ltd as a non-executive director on 1 September 2008.
07 July 2008
Split market on satellite cover as losses mount
A two tier market continues among space insurers as underwriters demand significant rate increases on launch cover while in-orbit cover remains competitive.
07 July 2008
Wordings overhaul for mining sector
Mining wordings are being re-written in the most comprehensive fashion for 20 years as the industry seeks to recover from disastrous first-half losses, The Insurance Insider has learnt.
07 July 2008
MRG pleased with London broker 'naming and shaming' initiative
The "naming and shaming" of London brokers by the Market Reform Group (MRG) over their failure to adopt a key electronic initiative that could speed up the payment of premiums from brokers to (re)insurers appears to be working.
07 July 2008
Torus poaches Munich Re construction team
Energy start up Torus Insurance Holdings has poached Munich Re's London-based construction team, The Insurance Insider understands.
07 July 2008
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