Analysis: Jebi and Michael deterioration hits Lloyd’s big guns in latest syndicate forecasts
A number of heavyweight Lloyd’s (re)insurers have posted worsening 2018 results because of a deteriorating claims experience from Japan’s Typhoon Jebi and the US’ Hurricane Michael but in contrast the market’s 2017 result continues to improve, analysis of the latest syndicate forecast returns by The Insurer has shown.
Analysis: Neal’s Lime Street revolution exposes Lloyd’s capital conundrum
The revelation that Lloyd’s is being accused of “bad faith” in the High Court by a high profile Name has shone a light on this determined-but-small community of private investors who may prove a challenge to CEO John Neal’s plans to overhaul some of the market’s complicated structures.
LMG appoints Brady as delegated authority platform sponsor
The London Market Group has announced that Lloyd’s head of policyholder and third-party oversight, Paul Brady, will assume the role of market sponsor for the delegated authority efficiency drive at Lloyd’s.
ArgoGlobal’s Harris to retire next year
ArgoGlobal’s head of group performance and interim chief human resource officer David Harris is set to retire from the Lloyd’s insurer in March 2020.
Wickshire becomes first Australian Lloyd’s broker
Sydney-based reinsurance and binder broker, Wickshire Pty Ltd, has been approved as a Lloyd’s of London broker, making it the first intermediary based in Australia to achieve this status.
Lloyd’s sued for “bad faith” by high profile investor Harry Parshall
The Society of Lloyd’s is being sued by the high-profile London market figure Harry Parshall in a dispute which may test the boundaries of Lloyd’s liability to its members.
PSC to acquire London market broker Paragon for £42mn
Australian broking house PSC Insurance Group has announced the acquisition of its third Lloyd’s and London market broker with the purchase of Paragon International Holdings for a base consideration of £42.0mn, with the final consideration subject to adjustment based on 2019 and 2020 Ebitda.
LMG appoints Brady as delegated authority platform sponsor
The London Market Group has announced that Lloyd’s head of policyholder and third-party oversight, Paul Brady, will assume the role of market sponsor for the delegated authority efficiency drive at Lloyd’s.
ArgoGlobal’s Harris to retire next year
ArgoGlobal’s head of group performance and interim chief human resource officer David Harris is set to retire from the Lloyd’s insurer in March 2020.
Moffatt replaces Eccles as ArgoGlobal active underwriter
ArgoGlobal, the Lloyd’s arm of Argo Group, has named John Moffatt the active underwriter of Syndicate 1200 as predecessor Steve Eccles “will commence leave” with immediate effect, after a year and a half in the role.
AFL take UIB duo for property and energy business
Independent Lloyd’s broker AFL Insurance Brokers has named Mark Ritson and Peter Draper as directors of international property and energy.