Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing’s claims across large swathes of the South China Sea, fueling geopolitical tensions in the vital waterway. A tribunal in The Hague, Netherlands, found …
London Market Group (LMG) announce that the first standalone terrorism risk was bound on PPL – the London Market’s electronic placing platform – within the first hour of trading yesterday morning. The broker was Marsh and the underwriter was Chaucer. …
London Market Group (LMG) announced that PPL – the London Market’s electronic placing platform began trading today, with brokers and underwriters exchanging information on standalone terrorism risks, the first class of business to go live on the system. “We are …
Sompo Canopius AG and Mexico’s Grupo Nacional Provinical SAB formed a strategic partnership. This arrangement will help both parties to develop new business and insurance products for the Mexican market, “capitalizing on GNP’s position as a leading domestic insurer and …
Latitude Brokers, the Hong Kong-based marine insurance specialist, has opened an office in Singapore, their second in Asia. With the continued growth of the marine markets in Singapore as well as the Lloyd’s platform, the Singapore office is an essential …
The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will take for the UK to …
Channel Syndicate 2015 at Lloyd’s is launching an Innovation Division, which will further structure Channel’s activities and organization to explore new classes and opportunities outside its traditional portfolio. The Innovation Division will support Channel’s commitment to new technologies and its …
The Foo Fighters are suing insurers for failing to reimburse them for European shows they cancelled following the Paris terrorist attacks in November. The suit, filed Monday in federal court in Los Angeles against underwriters with Lloyd’s of London and …
London-based Antares, a member of the QIC Group, has launched a casualty treaty offering with the appointment of Neil Jarman as casualty treaty manager. Jarman takes up his new role with immediate effect, reporting to Kieran Oliver, non marine underwriting …
Aon Plc Chief Executive Officer Greg Case, who moved the insurance broker to London from Chicago four years ago, said the U.K.’s centuries-long leadership in the industry would be damaged if voters choose to leave the European Union. “The U.K. …
