Berkshire Hathaway’s Abel made Aegis London non-execBerkshire Hathaway’s chairman of non-insurance business operations and potential Warren Buffett successor Greg Abel has been made a non-executive director of Aegis London’s board.
ArgoGlobal hires credit and political risk underwriter from Aspen Argo’s Lloyd’s operation has hired Aspen’s acting global head of credit and political risk Daniel Byrne.
Brit takes Talbot’s COO GouldBrit has hired Michael Gould to take over as chief operating officer after Nigel Meyer left for Canopius.
Aviation goes live on PPLAviation risks can now be quoted and bound on electronic placing platform PPL, it was announced today.
Markel enters Lloyd’s India to write reinsuranceUS carrier Markel has been granted a license by the Indian regulator to write reinsurance business in the country through the Lloyd’s India platform.
Neon bolsters Bermuda operations with a duo of hiresNeon has made two appointments to its Bermudian operations as it builds out its presence on the island.
Lloyd’s: All syndicates must cut costs in 2019The Corporation of Lloyd’s has instructed all managing agents to demonstrate expense savings for every syndicate trading on the Lloyd’s platform in 2019, re-Insurance.com can reveal.
Insurance can reduce tax-payer burden: BealeInsurance products have the ability to directly reduce the risk to economic output globally and close the protection gap, Lloyd’s CEO Inga Beale has said.
Threat of violence puts Tokyo in danger of $24bn loss of outputOf all the cities in the world, Japan’s capital is the one that faces the greatest risk to its economic output, according to a study by Lloyd’s.
Lloyd’s threatens to close under-performing syndicatesLloyd’s performance management director Jon Hancock has warned managing agents he will close down consistently loss-making syndicates if they don’t turn-around as part of a major escalation in the Corporation’s oversight, re-Insurance.com can reveal.
Lloyd’s targets seven loss-making classes in new £6.4bn crackdownLloyd’s has instructed its managing agents to provide quarterly reports and an “action plan” on the underwriting performance of seven under-performing classes of business as part of a wider initiative to improve the market’s poor results, re-Insurance.com can reveal.
Brokers must separate advisory services from insurance: Carnegie-BrownLondon market brokers need to carve out “a more clearly defined role” in the value chain and make clear distinctions in the services offered, Lloyd’s chairman Bruce Carnegie-Brown has said.
Lloyd’s broker AFL pushes into ILS marketLloyd’s broker AFL has hired big data specialist James Poole to head up its new ILS advisory business Agile Risk Advisory, the company announced today (4 June).
Ex-Pro owner puts 30% Asta stake up for saleThird-party Lloyd’s managing agency Asta may see a change to its investor base after its listed 30 percent shareholder ACHP said it is “exploring options” for its holding.
Catastrophes make 2017 costliest year ever for UK specialty insurersThe UK specialty insurance market experienced the costliest year on record in 2017, according to EY.
Lloyd’s Brussels given regulatory green lightLloyd’s has received confirmation from the National Bank of Belgium that is has been granted a licence to set up its new Brussels subsidiary.
Barbican’s $100mn ClaRe signs up nine syndicatesClaRe, Barbican’s newly-launched collateralised retro platform for Lloyd’s carriers, inked deals handing the vehicle exposure to nine syndicates at 1.1, re-Insurance.com understands.
Lloyd’s marine market faces a seachange following 2017 catsOn the back of an awful year for the marine insurance market that was plagued by major losses, over capacity and competitive pricing, a trend of retrenchment has started to emerge.
Parry confirms muted ILS appetite for Lloyd’s Central FundLloyd’s outgoing CFO John Parry has confirmed reports by this publication that ILS investors have shown little interest in providing reserve risk cover for the Central Fund.
Lloyd’s tells underwriters to withdraw insurance to NRALloyd’s of London has informed underwriters to pull out of any programmes associated with the National Rifle Association of America (NRA).