Lloyd’s announced that it is estimating its overall net claims from the flooding in Thailand last year to be in the $2.2 billion range. The figure is based on an industry loss estimate of between $15 and $20 billion. The …
Global business processor Xchanging has unveiled its vision for the Lloyd’s and London market in a presentation to 120 senior market executives. Xchanging highlighted the “business imperative for London to become easier to deal with in order to remain competitive …
London Market technology specialists TriSystems has announced the launch of a new electronic underwriting service to complement their electronic broking platform, which, the company said, marks “a significant shift from the tactical to strategic use of messaging software. “Lime-St.com For …
Global business processor Xchanging announced that Barnabas Hurst-Bannister will join the Xchanging Ins-Sure Services board as a non-executive director in March. He has broad experience with the London and the Lloyd’s market, having served as the chairman of Traveler’s Syndicate …
Ironshore’s Pembroke Consortium has increased capacity to $116 million for 2012 to meet new demand, an expansion over the $105 million it offered in 2011. The increase in capacity comes as the organization closes its first year offering specialty fine …
Lloyd’s insurer Marketform has announced that Simon Turner has stepped down as a Director and as CEO of Marketform Managing Agency Ltd and Director of Marketform Limited as of January 13, 2012. Former COO John O’Neill has taken over as …
Lloyd’s announced the appointment of Charles Franks as a non-executive director on the Lloyd’s Franchise Board. The Board, which was established in 2003, is responsible for the day-to-day management of the Lloyd’s market. Franks is Chief Executive of Kiln Group …
Liberty Syndicate Management Limited, a member of Liberty Mutual Group, has appointed Dan Wilkinson as Head of Risk Management. He formerly held the position of Chief Risk Officer at an international insurance company. Liberty Syndicates CEO Nick Metcalf described Wilkinson …
lloyd’s insurer Ascot Underwriting Ltd. announced that it has formed the Strategic Power Consortium, which it described as a “dedicated technical underwriting vehicle for the power and utilities industry.” It began writing business as of January first. Together Ascot, Brit …
An article on the Lloyd’s of London web site notes that while millions of people have been out an about shopping this holiday season, “an increasing number are choosing to shop from the comfort of their homes – and offices …
