AmTrust confirms post take-private deal exits and new leadershipAmTrust has set out its leadership team following the completion of its $2.95bn take-private deal with private equity firm Stone Point.
Hackers target Hiscox and Lloyd’s in 9/11 data breach: reportThe FBI is undertaking an investigation into the theft of some 18,000 insurance and legal documents relating to the 11 September attacks by a hacker, according to reports.
NYDFS fines Lloyd’s insurers over NRA coverA number of Lloyd’s insurers have been fined for technical violations and entered into a consent order with the New York Department of Financial Services (NYDFS) preventing them from providing coverage in the state through the US gun lobby group, the National Rifle Association (NRA).
Lloyd’s sets out 2019 targets for PPLThe Corporation of Lloyd’s has set out its H1 2019 targets for electronic placement.
Lloyd’s names Rottiers Brussels CEOSonja Rottiers has been appointed the chief executive officer of Lloyd’s Brussels.
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.