Lloyd’s News

Barbican Underwriter Elected Chair of Lloyd’s Market Association Cyber Group

Geoff White, underwriting manager for Cyber, Technology and Media at Barbican Insurance Group, has been elected chairman of the Lloyd’s Market Association’s (LMA) newly created Cyber Business Panel. White was elected by the members of the panel on June 5. …

Croom-Johnson Named MD of AEGIS London; 4 Senior Execs Promoted

AEGIS London has named David Croom-Johnson as its new managing director. The firm has also announced a series of promotions within its senior management team. Croom-Johnson, Syndicate 1225’s active underwriter since 2007, takes over the managing director role with immediate …

Gen Re: Toffanello Named CEO of Faraday When Ceurvorst Retires in 2016

Gen Re announced that Paul Ceurvorst will retire as CEO of Faraday in March 2016. Pietro Toffanello will become CEO of Faraday upon Ceurvorst’s retirement, subject to UK regulatory approval. Mark Rayner will continue to serve as chief underwriting officer …

Lloyd’s Agency Ascot Appoints Casualty Fac Team for Ascot Underwriting in U.S.

Ascot Underwriting Ltd., the London-based Lloyd’s managing agency, has appointed Scott Beall as chief underwriting officer of casualty facultative and Lex Smart as senior vice president of Ascot Fac. The team will report to Rory Cline, president of Ascot Fac, …

A.M. Best: London Market Insurers Face Challenges; Balance Sheets Strong

Trading conditions are difficult in the London market as insurers contend with changing buying habits, an influx of alternative capital and global economic uncertainty, according to a special report published by A.M. Best. The availability of alternative capital in the …

Factbox: Lloyd’s Chief, Other Leaders Offer Views on Britain’s EU Referendum

Prime Minister David Cameron has pledged to renegotiate Britain’s ties with Europe and then give voters a referendum on European Union membership by the end of 2017. Following are the views of business leaders: Lloyd’s of London Chief Executive Inga …

Lloyd’s Appoints Pullicino as New Representative in Malta

Lloyd’s has appointed Louis Cassar Pullicino as the new representative for Lloyd’s in Malta, assuming the role of director of Lloyd’s Malta Limited. Pullicino replaces Mark Gollcher, who helped Lloyd’s build up its local portfolio for over 15 years and …

Ascot, Chaucer & Skuld Form Underwriting Consortium for Renewable Energy

Ascot Underwriting Ltd. has formed Renewco Consortium (ReCo), a dedicated and independent underwriting platform for the renewable energy industry. The Lloyd’s consortium is jointly led by Ascot and Chaucer and managed by Ascot; Skuld is the third consortium partner. With …

Amlin Reports 1.4% Drop in Q1 Gross Written Premiums to $1.96 Billion

London-based Amlin plc reported gross written premium for the three months ended March 31, 2015 of £1.26 billion ($1.96 billion), compared with £1.27 billion ($1.97 billion) reported for the said period in 2014. At constant rates of exchange, gross written …

AEGIS London’s Managing Director Moves to Canopius as Group CEO

AEGIS London announced that Stuart Davies, the company’s managing director, has resigned to take up the group CEO role at Canopius. At Canopius, Davies succeeds Michael Watson who remains the company’s chairman. As group chief executive officer, Davies will assume …