Lloyd's

The Hanover beats expectations as commercial lines pricing improves

The Hanover, which owns up-for-sale Lloyd’s syndicate Chaucer, surpassed the expectations of analysts in the second quarter to deliver a $94.6mn operating profit that was up over 30 percent on this time last year.

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

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.

ILS syndicate Arcus reshuffles after departures

Credit Suisse’s Lloyd’s platform, Arcus 1856, has announced a series of internal promotions and the appointment of an interim lead underwriter following recent senior departures.

Hiscox shares jump as H2 profits and premiums leap

Shares in London-listed (re)insurer Hiscox leapt this morning as investors welcomed the strong results posted by the carrier in the first half of the year.

Sciemus CFO becomes latest to depart as it puts Lloyd’s plans on ice

Irfan Haq, the chief financial officer of satellites-to-cyber risk modelling and MGA firm Sciemus is to follow the underwriter’s CEO to the exit, re-Insurance.com understands.

Atrium loses property reinsurance underwriter Ungless

Lloyd’s (re)insurer Atrium has parted ways with its property reinsurance underwriter Robin Ungless, re-insurance.com can reveal.

Ex-Lloyd’s chairman Nelson calls for second Brexit referendum

The former chairman of Lloyd’s, John Nelson, has lambasted the UK government for failing to negotiate suitable terms for Britain’s exit from the European Union.

Securis engages with Asta in bid for 2019 Lloyd’s platform

ILS fund manager Securis has engaged the leading Lloyd’s third-party managing agent Asta to assist in its endeavours of continuing with a Lime Street underwriting platform next year, re-Insurance.com understands.

Brit replaces former Lloyd’s CEO as chairman

Brit Insurance has replaced former Lloyd’s CEO Richard Ward as the non-executive chairman of its managing agency with London market veteran Tony Medniuk.

Lloyd’s crackdown proves an opportunity for Beazley: Horton

Lloyd’s focus on under-performing lines of business and serial loss-making syndicates yields an opportunity for Beazley, the London-listed carrier’s CEO Andrew Horton has said.

Beazley shares fall as profits hit by reserve charge

Lloyd’s insurer Beazley has seen profits sink by 64 percent in the first half of the year as a reserve charge in its property division took a toll on the group’s bottom line.

CUO and active underwriter Payne latest to depart Arcus Syndicate 1856

Arcus Syndicate 1856 has parted ways with its chief underwriting officer and active underwriter Nicky Payne, re-Insurance.com can reveal.

Standard Syndicate’s managing agency taps Probitas for CEO

Charles Taylor Managing Agency (CTMA) has appointed Colin Grint as chief executive.

Brexit white paper ‘disappointing’: Beale

The outgoing Lloyd’s chief executive Inga Beale has lambasted the government’s blueprint for future UK relations with the European Union.

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

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.

Lloyd’s Hancock matches words with actions in get-tough approach

When re-Insurance.com revealed on 6 June that Lloyd’s franchise performance director Jon Hancock had threatened under-performing syndicates that they would be closed down if their performance did not improve, some executives were privately sceptical whether the tough rhetoric would be matched by firm action.

AM Best affirms Lloyd’s ‘A’ rating despite £2bn 2017 loss

AM Best has affirmed Lloyd’s “A” rating in spite of last year’s dismal £2mn loss as it praised the Corporation’s “strong operating performance”.

Ryan: Beale’s successor should be a Lloyd’s person

Pat Ryan, the founder of Aon and now-CEO of Ryan Specialty Group (RSG), believes the next Lloyd’s CEO should be someone with substantial experience of the market.

Beale eyeing one more ‘big’ exec role after Lloyd's

Outgoing Lloyd’s CEO Inga Beale has said she is eyeing a final “big” executive role after she steps down from her position at the helm of the market next year.

Lloyd’s crack down set to result in Advent run-off

Lloyd’s determination to close down underperforming classes of business or even syndicates has been highlighted today with the news that the loss-making Lloyd’s insurer Advent Capital Holdings is likely to go into run-off following a strategic review.

Region

Topics

Events & Conferences

Content Types