Lebecq to leave LMG to join SRGClare Lebecq is to leave her role as CEO of the London Market Group to join HGGC-backed Specialist Risk Group.
Price Forbes adds four to aviation practiceArdonagh-owned Price Forbes has swooped on rivals Ed Broking, KM Dastur and Marsh to make four hires to its global aviation practice.
Aon: New London market capacity expected for financial linesNew London market capacity for financial lines is expected to launch in the coming months, broker Aon has predicted, on the back of significant premium rate increases through 2020.
WTW: Little appetite for major overhaul of EU capital rulesWillis Towers Watson has argued that there is “little appetite” for a drastic overhaul of capital requirements following the UK’s post-Brexit review of Solvency II, adding that changes should instead be focused on “poorly designed” principles such as the risk margin.
Aegis reports 40% growth in e-trading usage as lockdowns push market onlineLloyd’s managing agency Aegis London’s online quote-and-bind platform Opal experienced 40 percent growth during 2020 amid a boom in electronic trading within the London market due to coronavirus lockdowns.
Markets Review: Scor led gains in muted week for P&C stocksFrench reinsurer Scor led the gains in a muted week for European (re)insurance stocks as investors weighed gloomy reports on the UK economy against hopeful signs of progress towards further US stimulus measures.
Lockton Re adds Berry to London marine and energy divisionExpansive reinsurance intermediary Lockton Re has announced that Tom Berry will be joining its marine and energy division in London as a senior broker.
LSM names AGCS’ FitzGerald as divisional head of FinProLiberty Specialty Markets has appointed Terry FitzGerald as divisional head of financial and professional lines.
Chubb launches new London energy team under BrownChubb has launched a new London-based energy team within Chubb Global Markets (CGM) led by Andrew Brown as head of energy.
Markets Review: Europe’s P&C stocks rise in best week since NovemberEuropean P&C stocks jumped last week as positive commentary from central banks fuelled investor hopes of a faster global economic recovery and markets bet on a bigger US stimulus package under the Biden administration.
Beazley shares surge 16% on bullish 2021 outlookShares in Lloyd’s insurer Beazley leapt almost 15 percent on Friday after the firm posted a smaller than expected loss for 2020 and provided a positive outlook for the year ahead thanks to a substantial rise in insurance rates.
Howden adds Harrison-Sleap to construction teamBroker Howden has recruited Andrew Harrison-Sleap to its growing construction team, with the new hire joining after spending just over a year at McGill and Partners.
Industry veteran Brosnan named CEO at WR Berkley Syndicate ManagementWR Berkley has hired ex-CNA Hardy CEO David Brosnan to head up its own Lloyd’s managing agent, succeeding Alastair Blades who will remain CUO as the carrier separates the roles.
IUA names Zurich’s Kuchinski as chairThe International Underwriting Association (IUA) has named Zurich UK’s Robert Kuchinski as chairman.
Markets Review: Beazley falls 9.7% in volatile week for P&C stocksEuropean P&C stocks fell in another volatile week for equities as an intensifying battle between retail traders and brokers in the US combined with coronavirus concerns to drive up market instability.
QBE centralises reinsurance business under Postlewhite’s leadership in LondonAustralian carrier QBE is restructuring its reinsurance operations in response to improved market conditions in a move that will see its North American reinsurance business managed in London.
MS Amlin Underwriting looks to BoE and Lloyd’s for CRO and chief actuaryLloyd’s (re)insurer MS Amlin Underwriting Limited has named the Bank of England’s Vishal Desai as chief risk officer and Lloyd’s head of capital Catherine Scullion as chief actuary.
AIG hires Troncy to lead global trade credit businessAIG has hired Coface veteran Corine Troncy as its new global head of trade credit, with the new hire imminently set to move from Stockholm to London.
IUA makes climate change 2021 business priority; launches strategic reviewThe International Underwriting Association (IUA) has made climate change risk the key focus area of its 2021 business plan and revealed it will carry out a strategic review of the way the body supports its members.
Is it time for a female Lloyd’s deputy chair?Despite the grandstanding of his predecessor, John Neal has delivered more to assist the cause of gender equality than any Lloyd’s CEO before him.