Lloyd’s market News

Torus CEO Dermot O’Donohoe on the Insurer’s Future Prospects

When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial crisis were just beginning to bite, but they bit pretty hard. The company, although well run, and successful in some …

Lloyd’s Underwriters Warn of Rising Danger from Cyber Terrorism

An article on the Lloyd’s website notes that “industrial facilities from nuclear plants to dams are increasingly coming under attack from cyber terrorists bent on causing physical damage and disruption from behind their computer terminals. But with the insurance market …

MGAA Appoints Staddon as First Managing Director

The London-based Managing General Agents’ Association (MGAA) announced the appointment of Peter Staddon as its first managing director, effective from the 1st of November 2013. “Staddon will drive the Association’s continuing growth strategy including regional expansion, building its profile and …

ANV in Strategic Deal with Ryan Specialty for Lloyd’s Managing Agency Jubilee

ANV Holdings BV, the Dutch-headquartered specialty insurance business founded by CEO R. Matthew Fairfield, and Ryan Specialty Group, LLC announced that they have entered into an agreement to combine their Lloyd’s managing agency operations, ANV Syndicate Management Limited (ASML) and …

Arc Legal Joins UK Market MGA Organization

Arc Legal Assistance, which provides legal expenses insurance and related services, has become a member of the Managing General Agents’ Association (MGAA), which represents MGA’s doing business in the UK market. Richard Finan, Director of Arc Legal, commented: “Our aim …