201 lloyds exterior

Lloyd’s legacy deals sealed by Enstar and R&Q

2018-02-19T08:34:00+00:00

Randall and Quilter (R&Q) has completed a £30mn deal to take on the old Sportscover legacy book, now owned by Hamilton’s Lloyd’s platform in what is the second agreement of its type to be announced in less than a week.

nexus logo

Nexus appoints Panmure Gordon as it eyes stake sale

2018-02-16T15:35:00+00:00

London-based managing general agent Nexus has appointed investment bank Panmure Gordon as it ramps up efforts to sell a portion of the business, re-Insurance.com understands.

Prem watsa

Fairfax takes $185mn wildfire hit as Allied World deal hits profits

2018-02-16T08:26:00+00:00

The wildfires that ravaged the state of California in the fourth quarter are expected to cost Fairfax - through its numerous subsidiaries - a total of $185.4mn.

Kanye west onstage

Lloyd’s carriers settle $10mn Kanye West lawsuit

2018-02-15T13:58:00+00:00

A number of Lloyd’s contingency insurers have settled a $10mn lawsuit involving rap star Kanye West who cancelled 21 tour dates claiming he was suffering from a debilitating illness.

1280px support during hurricane harvey (tx) (50)

TMK's flagship syndicate facing 2017 loss of up to £168mn

2018-02-15T15:12:00+00:00

Tokio Marine Kiln has said that its flagship Lloyd’s syndicate 510 is expecting the return on its £1.13bn capacity to run to a loss of between 4.8 percent and 14.9 percent.

Yacht marine Harvey

Lloyd’s yacht market in deep water after 2017 losses

2018-02-12T16:23:00+00:00

Sky-rocketing claims dealt Lloyd’s yacht underwriters a hefty blow last year as incurred claims soared to an eye-watering 221.4 percent of premium written in the fourth quarter.

UK Government

Lloyd’s has ‘long way to go’ in harnessing ILS: Parry

2018-01-25T12:44:00+00:00

Lloyd’s has a “long way to go” in taking advantage of the new insurance-linked securities (ILS) legislation that came into force last year, the Corporation’s chief financial officer (CFO) John Parry has said.

Rupert Atkin

Rupert Atkin appointed AHJ non executive

2018-01-24T13:35:00+00:00

Industry veteran Rupert Atkin has joined independent broker AHJ as a non-executive director.

lloyds sign

Lloyd’s bolsters Franchise Board with three appointments

2018-02-06T12:44:00+00:00By

Lloyd’s of London has named Mike Bracken, Nigel Hinshelwood and Fiona Luck to the Franchise Board as non-executive directors.

201 lloyds exterior

Lloyd’s mulls mandating PPL after slow take-up

2018-02-05T13:02:00+00:00By

Lloyd’s of London has announced plans to mandate its electronic placing platform PPL as it says take up is not happening “fast enough”.

Lloyd's

StarStone swoops on ArgoGlobal for crisis management underwriter

2018-02-12T10:32:00+00:00By

StarStone has appointed Andrew Summers senior political risk underwriter to join its newly launched crisis management division.

Hiscox exterior

Hiscox shifts US chief to new London global retail unit

2018-02-08T09:23:00+00:00By

Hiscox has moved its US CEO Ben Walter to London to head up a newly-formed global retail division from the beginning of July.

lloyds sign

Lloyd’s bolsters Franchise Board with three appointments

2018-02-06T12:44:00+00:00By

Lloyd’s of London has named Mike Bracken, Nigel Hinshelwood and Fiona Luck to the Franchise Board as non-executive directors.

Dermot O’Donohoe

Hamilton Underwriting active underwriter Carvey to leave

2018-02-02T16:59:00+00:00

Hamilton Underwriting Ltd, the Lloyd’s arm of the Bermudian (re)insurer Hamilton Insurance Group, has confirmed the departure later this year of its active underwriter of its Syndicate 3334, Trevor Carvey.

Rupert Atkin

Rupert Atkin appointed AHJ non executive

2018-01-24T13:35:00+00:00

Industry veteran Rupert Atkin has joined independent broker AHJ as a non-executive director.

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