As had been more or less predicted, Lloyd’s posted a £697 million [$1.094 billion] pre-tax loss for the first six months of 2011, compared to an overall profit of £628 million [$985.6 million] as of June 30, 2010. The report …
In a keynote speech at the annual Houston Marine Insurance Seminar Tom Bolt, Lloyd’s Director of Performance Management, told an audience of energy insurers that he is not convinced offshore energy underwriters are ‘robustly managing risks.’ He added that the …
Specialty insurer Torus has confirmed that it has “entered into an agreement with Clal Insurance Enterprises Holdings Limited to acquire London-based Lloyd’s Syndicate 1301 and its corporate members Broadgate Underwriting Limited and Broadgate Underwriting 2010 Limited.” The acquisition is subject …
Lloyd’s London’s Syndicate 3500 filed a notice on Monday, Sept. 19, to voluntarily dismiss its federal lawsuit against Saudi Arabia over 9/11 claims. The lawsuit, first filed on Sept. 8, had asserted that Saudi Arabia as well as several Saudi …
Lloyd’s Channel Syndicate 2015 has appointed Martin Campbell as Head of its Financial Lines Division. He has worked in the London Market for over 20 years and has built a Financial Lines account at previous stages of his career. Campbell …
Lloyd’s of London’s Syndicate 3500 filed a federal lawsuit against Saudi Arabia, several Saudi charity and financial organizations and prominent Saudi individuals over 9/11 terror attacks. The insurer said Saudi defendants bear primary responsibility for the attacks and should be …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of ‘a+’ of Lloyd’s Syndicate 510, which is managed by R.J. Kiln & Co Ltd. Best also affirmed …
Lloyd’s announced that it has issued its first direct insurance policy in China through its fully owned subsidiary – Lloyd’s Insurance Company (China) Limited, in a move which “marks the next step in its strategy to become a major provider …
Ex-Aon Benfield Chairman Charlie Cantlay is to join the Board of Directors of AIG’s Lloyd’s Syndicate, Ascot Underwriting, as Executive Director starting 3rd October. Ascot manages Lloyd’s Syndicate 1414. Cantlay resigned as Chairman of Aon Benfield UK earlier this year. …
The Managing General Agents’ Association (MGAA), a non-profit making organization founded to represent UK Managing General Agents, was officially launched on the 1st of September with an initial 40 Full Members underwriting gross written premiums of approximately £1.25 billion [app. …
