Lloyd’s of London News

Beazley’s Chief Underwriting Officer, Maidment, Elected to Council of Lloyd’s

Neil Maidment, Beazley’s chief underwriting officer, has been elected to the Council of Lloyd’s for a three year term, beginning on Feb. 1. Maidment has worked in the Lloyd’s market for 31 years, including 25 years at Beazley. In 2011, …

ArgoGlobal Appoints Shallow as Credit & Political Risks Underwriter

ArgoGlobal has appointed Jeremy Shallow as Credit and Political Risks Class underwriter. He takes up his position with immediate effect, reporting to John Moffatt, head of Specialty. Shallow joins the company from Aspen Insurance where he served, most recently, as …

Amlin Appoints Lead Underwriter to Build Latin American Business

Amlin plc, the specialist international insurer, has appointed Lucas Castagnino as lead underwriter, as momentum behind the build out of its Latin America underwriting activities gathers pace. With experience in the Latin American reinsurance market, Castagnino joins from SCOR’s Latin …

CNA Hardy Appoints Rollins as Direct & Facultative Property Senior Underwriter

CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, has appointed Jason Rollins as direct & facultative property senior underwriter. Previously, Rollins was an operational underwriter at International Mining Industry Underwriters (IMIU), where he …

Tokio Marine Kiln Hires Brand & Lynchehaun as Liability Underwriters in London

Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, has appointed Andrew Brand and Dervla Lynchehaun as liability underwriters in its London office. With more than a decade of experience, Brand joins TMK from QBE Insurance where he …

Lloyd’s Announces Plan to Launch Proprietary Insurance Index in 2016

Lloyd’s of London has announced that it “plans to launch its own insurance based index in mid-2016. This would be the first index for diversified risk, showing loss ratios and focused on insurance performance. “The availability of detailed insight into …

Computer Sciences Corp Wins Bidding War for Xchanging for $721 Million

Technology consulting company Computer Sciences Corp (CSC) will buy Xchanging Plc for about £480 million ($721 million), the companies said, beating out other suitors in a bidding war for the insurance-focused outsourcing company. The cash offer of 190 pence [$2.86] …

Canopius Group Appoints Lobo as Head of Upstream Oil & Gas Engineering

Zurich-headquartered Canopius Group AG announced the appointment of Francis Lobo as head of Upstream Oil and Gas Engineering, effective immediately. Lobo will report to Steve Warren, Group Head of Energy & Engineering, and will be working with the company’s team …

Group of UK Insurers Win BOE Approval for Solvency II Capital Requirements

Prudential Plc, Aviva Plc and Legal & General Group Plc are among large U.K. insurers to win Bank of England approval of the models they use to calculate capital requirements under the European Union law known as Solvency II. The …

Lloyd’s Performance Management Director, Bolt, to Leave Corporation Next Year

Lloyd’s of London announced its director of performance management, Tom Bolt, has decided to leave the corporation in mid-2016, after almost seven years of front line service. Bolt was appointed in September 2009, and is a member of Lloyd’s executive …