April 8, 2016
Oregon is considering another year of insurance coverage to help pay for catastrophic wildfire seasons. British insurance giant Lloyd’s is offering the state another year of coverage despite three consecutive years of expensive, drought-fueled wildfires. The policy could protect the …
April 7, 2016
If insurance is the best kept secret in the business world, then the E&S sector is the best kept secret in the insurance industry. That’s according to Hank Watkins, president of Lloyd’s America, who talked fondly on Thursday about excess …
April 7, 2016
Ironshore Inc. announced that Antares Syndicate 1274 at Lloyd’s will join as a subscribing insurer for Bermuda-based Iron-Starr Excess Agency Ltd. Iron-Starr is a managing general agency (MGA), which underwrites specialty lines of business on behalf of Ironshore Insurance Ltd., …
April 6, 2016
Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has joined forces with specialist insurer Markel International to provide a facility for directors and officers risks in the Middle East and Africa (MEA) marketplace. Offered through Lloyd’s Dubai, …
April 4, 2016
Novae Group plc, the specialist listed Lloyd’s insurer, announced that Steve Cross has joined as unit head – construction. He is based in London and reports to Stuart Heath, divisional head of property. Cross joins from CNA Hardy where he …
April 4, 2016
A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a London-based public relations consultancy, which …
April 1, 2016
Lloyd’s announced it intends to file an application to open a reinsurance branch in Mumbai, following the publication of regulations governing the Lloyd’s market earlier this week by the Insurance Regulatory and Development Authority of India (IRDAI). An onshore branch …
March 29, 2016
Specialist Lloyd’s underwriter Marketform has confirmed its commitment to all its current underwriting lines after completing a strategic review. These remaining lines are: accident & health, travel; bloodstock & livestock; cargo; financial lines; marine & energy liability; marine hull & …
March 28, 2016
Ironshore International has acquired the Savannah Insurance Agency of Sydney, Australia, effective immediately. The Savannah Agency team of underwriters will join Ironshore Australia offices, broadening its regional presence by offering select specialty business lines. Katherine Simmonds, managing director of Ironshore …
March 25, 2016
The majority of Lloyd’s businesses (77 percent) are considering legacy portfolio disposals, with more than half of firms based in western Europe (53 percent) expecting to make at least one sale in the next three years, according to Willis Towers …