Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have time to pursue his favorite pastime – sailing – but he …
Armistice Day/Veteran’s Day – the “war to end war;” the dead, the wounded and the missing. Almost faded from memory now – 92 years after it ended – the “Great War,” World War I. The consequences have been unfolding ever …
A.M. Best’s analysts don’t expect to see much change in premium levels in the near future, nor do they expect to see significant changes in rating levels. “We expect the rates to remain stable, and to show some decline in …
“2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance industry. Speaking to an attentive audience at the Grange …
A recent article in Lloyd’s “Market” magazine noted that Sean McGovern, General Counsel and, since February 2010, the Director of Lloyd’s North America, “loves to mess about in boats in his spare time.” As he’s now responsible for two posts, …
Catlin, and Other Lloyd’s Syndicates As underwriters, syndicates are the heart of the Lloyd’s market. Until the end of the 20th century they were largely funded by wealthy individuals, who pledged their fortunes to back the risks accepted by the …
Liability Woes Include Misrepresentation, Structural Defects, Legal Errors and More Real estate errors and omissions (E&O) liability coverage is big business. Although the recent property debacle has focused attention on single home sales, they are only part of the market, …
Earlier this year Tom Bolt took over one of the most important positions at Lloyd’s. As Director of Performance Management, he heads a team that oversees the business plans and the performance of all of Lloyd’s syndicates. His mandate is …
The UK’s new Chancellor (Finance Minister) George Osborne has announced plans to fundamentally reform the way financial services, including insurance, are to be regulated [See IJ web site – https://www.insurancejournal.com/news/international/2010/06/16/110766.htm]. Essentially, Osborne’s government plans to dismantle the current tripartite regulatory …
For the first time in its 80 year history the Football (Soccer) World Cup will be played on the African Continent. The quadrennial event matches 32 of the world’s best national teams in a tournament that lasts a month. It …
