Lloyd’s of London
London market has 'resilience to survive $200bn loss event'
The London market has sufficient resilience to withstand a $200bn (£160bn) loss caused by two major events over a two week period, according to a stress test conducted by an industry steering group.
Aegis London secures Meco marine deal
Specialist marine insurance managing general agent Meco Group has partnered with Aegis.
McKee named as Cathedral CEO
Andrew McKee has been appointed as CEO of Lancashire’s Lloyd’s business Cathedral Underwriting.
Swiss Re and XL Catlin get go-ahead for Indian branches
Swiss Re and XL Catlin have both received the go-ahead from the Insurance Regulatory and Development Authority of India to open a branch in Mumbai.
Ed appoints Corke as CEO of underwriting
Newly rebranded Ed has appointed Gary Corke as CEO of underwriting.
DWF secures 215 jobs through Triton purchase
Manchester-based Legal firm DWF has acquired Triton from its administrators, saving 215 jobs from the multi-disciplinary practice.
Neon boosts capacity to £75m for M&A consortium
Neon has bolstered capacity in its M&A consortium, with available capital increasing from £50m to £75m.
Beale rules out Malta as post-Brexit Lloyd's base
Lloyd’s of London has ruled out Malta as the location for a European-based subsidiary, as the market continues to narrow its focus on a post-Brexit contingency plan.
Lloyd’s to open India branch ahead of April renewals
Lloyd’s of London is to open a reinsurance branch in India, in time for the April reinsurance renewals.
Brit launches $250m Lloyd's yacht consortium
London market insurer Brit is to lead a $250m (£202m) capacity Lloyd’s consortium for yachts.
Skuld appoints global cargo and marine property head
Marine insurance provider Skuld has appointed Paul Knighton as global head of marine cargo and marine property.
Accredited Surety and Casualty enters agreement with Cinium Financial Services
Accredited Surety and Casualty Company has entered into an agreement with Cinium Financial Services Corp, which will see the company receiving surety bonds from Cinium.
Probitas appoints PI underwriter
Kiran Wignall is to join Lloyd’s underwriting syndicate Probitas 1492 as a professional indemnity underwriter in its financial lines team.
Pardus launches Lloyd's backed contingency facility
Managing general agent Pardus has launched a contingency facility.
JLT will not wait for Article 50 to begin Brexit restructure
JLT is already introducing contingency plans for post-Brexit operations, said deputy CEO Mark Drummond-Brady.
Former Chubb execs join Navigators Asia team
Three former Chubb executives have joined Navigators’ Asian operations as the insurer continues to expand in North Asian marine, casualty and specialty markets.
Brit grows Versutus sidecar to $110m
Global insurance and reinsurance firm Brit has renewed and expanded its collateralised reinsurance sidecar Versutus.
Lloyd's underwriters join forces to boost Bermuda property D&F capacity
Lloyd’s catastrophe-exposed property underwriter Icat and Lloyd’s underwriter Neon have teamed up in a capacity arrangement to bring additional capacity to the Bermuda property D&F market.
QBE’s Pryce joins Lloyd’s franchise board
QBE's chief of European operations, Richard Pryce, has been appointed as a non-executive director of the Lloyd's franchise board, the body responsible for the day-to-day running of the Lloyd's market.
RSG acquires Navigators' Nordic operations
Insurance services business Ryan Speciality Group has entered into a deal to buy Navigators' operations in Sweden and Denmark.
Trumped out of Iran: US politics and the London Market ‘gold rush’
One year on from the lifting of sanctions on Iran, what has changed?
Insurers cannot wait for government to lead on Brexit strategy
The UK's insurers cannot wait for government to take the lead on Brexit strategy, according to Ashley Prebble, an insurance partner at Clifford Chance.
Pioneer launches renewable energy team
Pioneer has launched a renewable energy underwriting team led by Warren Diogo.
BP Marsh takes a further 6.87% stake in Nexus
BP Marsh has acquired a further 6.87% in Nexus Underwriting for £4m.