Lloyd’s of London
TMK syndicates forecast 2017 loss
Tokio Marine Kiln expects its Lloyd’s syndicates to post a loss for the 2017 year of accounts as a result of fourth quarter catastrophe losses.
Kanye West settles lawsuit against Lloyd’s syndicates
Kanye West has settled his lawsuit against Lloyd's of London syndicates.
Axis reports GWP boost despite underwriting loss
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Brit’s Versutus sidecar expands to $187m
Brit has expanded the capacity of its fully collateralised reinsurance sidecar Versutus, which now has invested capital of $187m.
Nexus snaps up Apsley Specialty
Nexus Group has acquired Lloyd's coverholder Apsley Specialty.
Argo Global launches Lloyd’s motor treaty consortium
Argo Global has launched of the first Lloyd’s market consortium for motor treaty business.
Lloyd’s to cut regulatory red tape, says Hancock
Lloyd’s plans to reduce the regulatory burden on market participants as the corporation focuses on a “risk-based” approach to oversight, performance director Jon Hancock said.
Beazley targets double digit growth for 2018
London market carrier Beazley is to target double digit growth over the next 12 months.
Analysis: Lloyd's taking the Asian bull by the horns
Lloyd's and the London market are trying to win back their market shares in Asia, as the region is experiencing the world's most dynamic growth for the insurance industry.
Lloyd’s adds three to franchise board
Lloyd’s has named three new figures to the franchise board.
Electronic placement ‘not happening fast enough’, says Beale
The Lloyd’s market is not adopting the electronic placement of business fast enough, the market's CEO Inga Beale has said.
Barbican launches Bermuda underwriting operation
Barbican has launched an underwriting platform in Bermuda.
London market makes ‘significant step’ with new claims model
The London market has launched a claims model to simplify how claims are handled in an effort to improve client service and streamline claims agreement across the market.
London market training goes international
The Lloyd's Market Association will begin offering a range of technical programmes and courses internationally.
GPI launches legal claim to recover £1m from Lloyd’s broker
Exclusive: An insurer has launched a legal petition to wind-up a Lloyd’s broker, over an unpaid claim of almost £1m.
Brexit and PPL top of the agenda for Liiba
The London and International Insurance Brokers’ Association is to focus on getting brokers signed up to electronic trading platform Placing Platform Limited over 2018.
Volante launches first London Market MGA
Volante has launched Edison Motor, its first London Market-based managing general agent.
Axis faces $130m nat cat loss in fourth quarter
Axis Capital estimates it will take a $130m hit as a result of fourth quarter catastrophe and weather-related losses.
Beazley predicts to beat analysts on 2017 earnings
Lloyd’s carrier Beazley said it expects to post a pre-tax profit for 2017, ahead of market expectations and in despite of hefty nat cat bills in the fourth quarter.
Nexus names insurance CEO ahead of potential IPO or sale
Nexus Group has named Mike Sibthorpe as CEO of its insurance and reinsurance business as the business gears up for a potential sale in 2018.
Lloyd's to open Brussels hub in January 2019
Lloyd's will open its Brussels unit by January next year, according to reports.
Lloyd’s goes to court to stop climbers of its iconic building
Lloyd’s of London is to take on daredevil climbing enthusiasts by seeking an injunction to stop people from climbing its iconic Lime Street building.
Legal expenses in Asia: Q+A with Antares' Mark Waters
Mark Waters, legal expenses underwriter at Lloyd's (re)insurer Antares, on promoting legal expenses cover for Asian businesses.
Blog: Driving efficiency and automation by breaking down data silos
Some underwriters are still reviewing data manually but Rodrigo DeCossio, UK insurance lead at Mark Logic, suggests 2018 might be the year to automate these processes and drive more efficiency in underwriting.