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September 2009/4

  • The wide-ranging strategic review being undertaken by Lloyd's will be presented to its ruling body, the Lloyd's Council, at its monthly meeting in February 2010, The Insurance Insider can reveal.
  • Richard Ward, the chief executive of Lloyd’s of London, spoke out last week at the long-term damage being done to the insurance market by the UK's uncompetitive corporate tax regime.
  • Lloyd's intends to establish a pilot scheme for claims handling in 2010 that will focus on segmentation, Lloyd's CEO Richard Ward told the inaugural meeting of the London Market Claims Council last week.
  • PartnerRe shareholders have unanimously approved the company's proposed acquisition of smaller rival Paris Re...
  • Bermudian (re)insurer Ironshore's Specialty Casualty unit will now provide up to $25mn in capacity targeted to lead umbrella and excess layers...
  • The mighty Lloyd's Central Fund is facing exposure to the $269mn settlements that Willis made with US insurers Assurant and CNA to end litigation relating to their disastrous involvement in the PA LMX spirals of the mid-to-late nineties, The Insurance Ins
  • Lloyd's (re)insurer Kiln is to enter the space market after appointing Laurent Esquirol, former senior space underwriter at Scor, it emerged last week.
  • UK solicitors firms are seeing rate increases of between 10 and 20 percent at the 1 October renewal of their professional indemnity (PI) insurance contracts, according to leading brokers.
  • The outgoing chief executive of Bowring Marsh, Mark Gregory, is to become CEO of Axis Global's specialty lines division, The Insurance Insider revealed last week.
  • The Florida Office of Insurance Regulation and the Bermuda Monetary Authority have signed a Memorandum of Understanding (MOU) committing both parties to work together to share information and co-ordinate regulatory activities.
  • Amlin scrums down for three-year European sponsorship deal; Crawford and Kennedys launch latest claims handlers’ fraud guide...
  • Nick Jones, the former Heritage Syndicate 1200 lead underwriter, is set to be reunited with Jim Hays, The Insurance Insider has learned.