Brit Insurance, which is domiciled in the Netherlands and headquartered in London, announced the opening of a new Lloyd’s service company in Sydney, Australia. The bulletin noted that the new facility follows “the successful establishment of a representative office in …
Xchanging, the business process outsourcing company, which works extensively with Lloyd’s, has announced the reorganization of its UK insurance businesses. The bulletin explained that the “UK Insurance business will combine Xchanging Broking Services (XBS), Xchanging Ins-sure Services (XIS) and Xchanging …
The Bermuda-based Argo Group International Holdings announced that Pedro Purm Jr. has been selected to serve as CEO of its commercial property and casualty insurance operations in Brazil. He “will oversee the creation and operation of a new insurance company, …
White Mountains Re Ltd. reports that its Sirius International Insurance Corp. affiliate has received approval in principle from the Lloyd’s Franchise Board to establish Lloyd’s Syndicate 1945. Syndicate 1945 will be managed by Whittington Capital Management Limited, a Lloyd’s registered …
The simmering compensation conflict between London’s broker community and the underwriters they work with erupted following a keynote speech given by the Catlin Group’s chief executive Stephen Catlin this week at a conference in London sponsored by Insurance Day. Catlin …
The UK’s BMS Group announced that its Lloyd’s Managing General Agent subsidiary, Pioneer Underwriting and JH Intermediaries have added two new employees: John Andrews, as Business Development Director and Jade Bolton, as Business Development Assistant. BMS noted that it had …
Aon announced that it has selected The Leadenhall Building as its future London headquarters. The office tower is currently under construction, directly across Leadenhall Street from Lloyd’s. When completed it will be 224 meters (just under 700 feet) tall. The …
After careful calculation Lloyd’s has announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia. The current net estimates were given as follows: US$ 1.95 billion …
A bulletin from Marsh’s London office warns that “ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy.” The problem prompted marsh to come up with a new product, “Charter Default.” …
Hiscox Ltd., which operates in the U.S., Bermuda and Europe, as well as the Lloyd’s and UK market, has issued its Interim Management Statement for the first three months of the year to 31 March 2011. Hiscox said its gross …
