D&F writers face $30mn US Ecology lossLondon underwriters are facing their share of a $30mn loss after an explosion at a hazardous waste facility in Grand View, Idaho last month, The Insurer can reveal.
Lloyd’s shakes-up regional leadershipLloyd’s has appointed new directors in the Americas, APAC and EMEA who will be responsible for leading the Corporation in their respective regions.
Lloyd’s confirms Carter’s appointment to Council in 2019Victoria Carter have been appointed a working member of the Lloyd’s Council, as first revealed by The Insurer.
Pembroke pulls out of cargo businessUnder review Pembroke Managing Agency has jettisoned its cargo business, The Insurer can reveal.
Lloyd’s cuts market modernisation fee in 2019Contributions by managing agents at Lloyd’s to the London Market Target Operating Model (TOM) are to be cut in 2019.
Broker adoption of PPL rises 350 percentThe number of risks bound by brokers on e-placement platform, PPL, has risen by 350 percent in the last 12 months, according to figures from the London and International Insurance Brokers Association (LIIBA).
All managing agents join centralised DA platformAll managing agents involved in live delegated authority business have signed up to the London Market Group’s delegated authority platform, the trade body announced today.
Coverys to provide capacity to former R&Q syndicate 1991Coverys – the managing agency of Syndicate 1991 – will become a capacity provider to the Lloyd’s carrier from 1 January 2019.
Lloyd’s in search of next cohort of InsurTech start-upsLloyd’s Lab - the innovator accelerator launched by the Lloyd’s market last September – has launched a global search for the next cohort of InsurTech innovators.
Barbican takes CNA Hardy’s former property treaty underwriter WatsonLloyd’s insurer Barbican has appointed Emma Watson class underwriter for property treaty.
WTW demonstrates PPL credentials ahead of 2019 broker league tableWillis Towers Watson (WTW) has backed up its reputation as a London market “good citizen” by publishing data showing its own usage of the e-placement platform, PPL, in the third quarter.
Cali wildfire disclosures, data now pointing to circa $15bn loss2018 now appears odds on to have exceeded last year in terms of insured losses from the California wildfires following a series of disclosures and loss estimates late last week.
Labuan Re reassures after AM Best outlook downgrade; cuts back at Lloyd’sMalaysian reinsurer Labuan Re has written to its markets today reassuring them of its “strong fundamentals” following AM Best’s decision to reduce its outlook on its A- financial strength rating on the carrier from stable to negative.
Lloyd’s reinsurer Labuan Re put on negative outlookMalaysian reinsurer Labuan Re has had its AM Best A- financial strength rating put on negative outlook as it contemplates another year of underwriting losses in both its international and domestic boom.
Axa commits to Lloyd’s following $15.3bn XL dealThe Lloyd’s market remains a key part of Axa XL’s distribution capability, Axa XL CEO Greg Hendrick told investors yesterday, as the executive affirmed the carrier’s commitment to Lime Street.
CNA Hardy hands Carl Day active underwriter roleCNA Hardy has named Carl Day as Active Underwriter of Syndicate 382, taking on the role from Patrick Gage.
Lloyd’s appoints Christian Noyer to Council and Brussels’ boardFormer French central bank governor Christian Noyer has been appointed non-executive director of the Lloyd’s Council, and independent non-executive director of Lloyd’s Brussels’ with effect from 2 November.
Guy Carpenter’s Carter to join Lloyd’s Council in 2019Reinsurance powerbroker Vicky Carter will become the second female member of the Lloyd’s Council in 2019, Re-Insurance can reveal.
Lloyd’s COO Khoury-Haq to leave in 2019Lloyd’s chief operating officer Shirine Khoury-Haq is to leave the Corporation in the first half of 2019 after nearly 5 years in Lime Street.
Beazley, AEGIS and Allied World lead first-ever PPL league tableSyndicates managed by Beazley, AEGIS and Allied World lead the first published league table of Lloyd’s adopters of PPL, the e-placing platform that is being rolled out in the London subscription market.