London, city, Aspen and QBE, Plantation Place

Beazley CUO Maidment to step down at end of 2018


Long-serving Beazley chief underwriting officer (CUO) Neil Maidment is set to retire at the end of the year after nearly three decades with the company.


Darag in EUR100mn capital raise as it looks to increase deal firepower


Private equity-owned legacy acquirer Darag is looking to raise around EUR100mn as it seeks to grow its war chest and conduct more sizeable deals, understands.

Pool re chain of security graphic new

Pool Re given UK government go-ahead to cover non-damage BI losses


The UK government’s decision to amend the 1993 Reinsurance (Acts of Terrorism) Act will enable Pool Re to extend its cover to include non-damage business interruption losses resulting from acts of terrorism.

John parry lloyds

‘Strong interest’ for Lloyd’s ILS: Parry


Lloyd’s is moving forward with its plans of a market catastrophe bond that would add an extra layer of capital security to policyholders, the Corporation’s CFO John Parry has said, confirming previous reports by 

Lloyds performance 2013 2017

Lloyd’s market swings to heavy £2bn loss for 2017


The Lloyd’s market has posted a £2bn ($2.8bn) pre-tax loss for 2017, a severe deterioration from the £2.1bn profit it reported this time last year as the venerable institution’s combined ratio swelled to a hefty 114 percent.

Guo shuqing at 2008 world economic forum on latin america

China puts former banking head in charge of new joint regulator


Former head of the China Banking Regulatory Commission (CBRC) Guo Shuqing has been named the new chief of a joint insurance and banking regulator as the country looks to crackdown on risky financial practices.


Brexit uncertainty drives AM Best negative outlook on UK insurance sector


On the day that Lloyd’s of London posted its worst result since 2001, AM Best went negative on the UK non-life sector citing a difficult operating environment caused by competitive market conditions and Brexit uncertainty.

Lloyds comboned loss ratio

Lloyd’s attritional losses creep in 2017


The Lloyd’s market was already under strain from attritional losses in 2017 even before the catastrophes of the second half of the year took hold, the market revealed in its annual report.

Lloyds inga beale

Beale walks away with £1.3mn as Lloyd’s sinks to loss


Lloyd’s CEO Inga Beale took home £1.3mn ($1.8mn) in 2017 despite missing out on a potential £200,000 bonus related to the market’s overall profitability.

Aon sign

Aon Benfield hires Meyenhofer as Bermuda chief


Aon Benfield has named Matthias Meyenhofer, formerly head of EMEA global clients at its rival Guy Carpenter, as its new CEO of its Bermuda business.

Inside lloyd's of london

Lloyd’s warns of financial penalties for failure to comply with PPL mandate


Syndicates that do not meet the usage targets of the Lloyd’s electronic placement platform  - PPL - will pay additional fees and may be subject to capital loading.

More news


Who will buy ERS?

After five years in the hands of private equity house Aquiline, revealed that Lloyd’s largest motor insurer ERS may shortly be back on the market. But while Lloyd’s insurers remain desirable, it’s sole focus on motor may narrow the list of potential buyers. Who could they be?

Julian enoizi pool re

Pool Re decision to test ILS waters highlights innovative approach to tackling terrorism risk

The received wisdom on mutuals is that they are sleepy and slow to innovate. Not so at the UK terror pool, where a landmark announcement on providing cover for cyber-terrorism is being followed by what would be a pioneering venture into the ILS market and a proposal for how to ...

Tug of war

Custody battles

Much like in an acrimonious divorce, M&A can often see company bosses lose their baby -  the business they’ve built - to a new suitor. But what becomes of those execs after the custody battle?

lloyds combined ratio in heavy cat years

2017: Lloyd’s annus horribilis provides a full analysis of the Lloyd’s numbers…

Lloyds performance 2013 2017

Cat losses force Lloyd’s reckoning

Lloyd’s has managed to keep itself profitable over the last few years despite the toughest market many can remember- but now that its run of benign luck has come to an end the market needs to come up with longer term solutions.

Federal reserve bank fotolia 687816 subscription monthly m

Axis and XL Catlin to benefit long-term from rising interest rates

As interest rates continue to nudge upwards, (re)insurers including Axis, Maiden Holdings, Travelers and XL Capital will be likely long-term beneficiaries, according to research by JMP Securities analyst Matt Carletti.

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