Lloyd's-digital-clock

Time to take a lead?

2018-08-17T13:49:00+01:00

One advantage of tough times is that it enables an institution to examine all its established practices that otherwise remain unchallenged when the sun is shining.

Hurricane

CatCo shares slip amid ‘uncertainty’ over last year’s losses

2018-08-17T12:54:00+01:00

London-listed shares in Markel’s ILS fund manager CatCo slid this morning after the carrier alluded to uncertainty about last year’s catastrophes in its first-half results for 2018.

Lloyd's-hurricane-

Lloyd’s 2017 loss deteriorates by £400mn fuelled by Irma

2018-08-16T15:18:00+01:00

Lloyd’s net loss for 2017 has climbed by £399.9mn as a number of syndicates have had to bolster reserves following additional claims notifications from last year’s cat losses and, in particular, Hurricane Irma.

US-EU-flag

R&Q inks three new program deals with European MGAs

2018-08-16T06:45:00+01:00

London-listed Randall & Quilter has added three new program underwriting partnerships with European MGAs to its books through its Malta-based subsidiary which takes the firm past the $200mn GWP milestone.

Ers ferrari close up

ERS returns to profit so far in 2018

2018-08-16T08:41:00+01:00

Specialist motor-only Lloyd’s syndicate ERS has booked a £5.6mn profit in the first half of the year as its combined ratio fell well below 100 percent.

Hamburg rathaus

Darag taps Halley for CFO role as Trotman steps down

2018-08-16T09:30:00+01:00

Legacy specialist Darag has appointed James Halley group chief financial officer, replacing Mike Trotman.

Chaucer index

China Re trumps PE firms to lead $1bn Chaucer auction

2018-08-01T14:44:00+01:00

State owned reinsurer China Re is in pole position to acquire the up-for-sale Lloyd’s insurer Chaucer at a valuation of around 1.4x net tangible assets.

london minster court iua

Global Risk Partners completes merger of two Lloyd’s brokers

2018-08-01T10:31:00+01:00By

Broker and MGA consolidator Global Risk Partners has merged two of its businesses – Lonmar and Ropner – bringing the two London broking houses under the Lonmar Global Risks banner. 

Inside lloyd's of london

The Hanover has released $680mn of Chaucer reserves since acquisition

2018-07-16T08:21:00+01:00

With an unprecedented number of Lloyd’s businesses potentially available for sale, The Hanover’s 2011 acquisition of Chaucer highlights the advantages of acquiring a well-reserved insurance company.

xlcatlin london

Catlin brand to remain in Lloyd’s after Axa-XL deal completes

2018-07-11T09:40:00+01:00By

The XL Catlin brand will continue to hang over the syndicate’s box at Lloyd’s in the wake of Axa’s $15.3bn deal to buy its parent.

Hamburg rathaus

Darag taps Halley for CFO role as Trotman steps down

2018-08-16T09:30:00+01:00By

Legacy specialist Darag has appointed James Halley group chief financial officer, replacing Mike Trotman.

City of london skyline from london city hall   sept 2015 169crop

Capsicum Re bolsters cyber team with two hires

2018-08-15T08:24:00+01:00By

Reinsurance broker Capsicum Re has appointed Jasper Goring as a cyber broker and Prab Naidu as wordings director.

Classic cars

Volante launches motor MGA

2018-08-13T08:11:00+01:00By

Volante Global, the MGA platform led by Talbir Bains, has launched its latest MGA - Gentium Motor.

Robin Waller

Aspen takes Advent’s head of specialty

2018-08-09T13:09:00+01:00By

Aspen Insurance has tapped Advent’s head of specialty Robin Waller to take over as head of international upstream energy.