Lloyd’s announced that it has signed a Memorandum of Understanding (MoU) with China Taiping Insurance Group, “marking a significant level of co-operation between the world’s only specialist insurance and reinsurance market and one of China’s leading insurance companies.” The agreement …
American Financial Group Inc.* announced that Martin Reith has been appointed chief executive officer of Marketform Managing Agency, which operates Syndicate 2468 at Lloyd’s of London, effective November 2015. Reith has over 25 years’ experience across underwriting, management and leadership. …
Canopius Group AG* announced the appointment of Scott Bailey as global head of Accident & Health, effective immediately. Bailey will lead the development of Canopius’s global A&H strategy as part of the group’s broader ambitions for profitable growth in specialty …
ANV Underwriters, the international managing general underwriter (MGU) segment of specialty insurance group ANV Holdings, announced the appointment of Florian Tischer to its Mergers and Acquisitions (M&A) Insurance team. Tischer brings to ANV over five years’ legal experience, predominantly in …
The waiting list for an insurer to get a spot on the underwriting floor of Lloyd’s of London is the longest in its 327-year history, indicating record demand for access to the market. Lloyd’s has requests for about 160 so-called …
UK banks and insurers must appoint a senior manager to “champion” internal whistleblowers as regulators attempt to protect tipsters who come forward with evidence of illegal conduct. The U.K. Financial Conduct Authority and Prudential Regulation Authority published the rules Tuesday, …
For the first time ever, a former college football star will cash in on an insurance policy that protected him from a free-fall in the NFL draft. CBS Sports’ Dennis Dodd reports that Ifo Ekpre-Olomu will collect a $3 million …
BB&T IHC International Ltd. has acquired a 16.9 percent interest in Miller Insurance Services LLP, the London-based specialist wholesale insurance broking firm. BB&T, which owns the world’s sixth largest insurance broking business, acquired its stake from Willis Group Holdings plc, …
Lloyd’s of London and other UK insurers called for collective action to address climate change on Thursday, after a report from the UK regulator this week highlighted risks to their industry from global warming. In an open letter to Bank …
Lloyd’s of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators. Nelson, speaking at Lloyd’s annual dinner in London, said a …
