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Wholesale brokers in the clear following FCA probe

2019-02-20T07:46:00+00:00

The Financial Conduct Authority has found no evidence of “competition concerns” following its wide-ranging study into broker activities in the London wholesale market in a massive win for market brokers.

FCA London market

$6bn+ now written in London through broker facilities

2019-02-20T10:37:00+00:00

£4.8bn ($6.2bn) of gross written premium in the London market is now placed through facilities operated by brokers, according to a wide-ranging study by UK regulator the Financial Conduct Authority (FCA) published today.

Lloyd's and Willis building

FCA probe findings evidence of broker value: Liiba’s Croft

2019-02-20T09:14:00+00:00

The findings of the newly-released final report into the FCA’s wholesale insurance broker review has provided insurance intermediaries with a “clean bill of health”, the CEO of the London and International Insurance Brokers’ Association has said.

Preservation Capital, Ascent and Cove Programs

Ascent backer Preservation Capital builds MGA platform with Cove investment

2019-02-19T09:53:00+00:00

Private equity firm Preservation Capital Partners, the backers of MGA Ascent Underwriting, has invested in US construction-focused managing general agent Cove Programs.

David Rowland

Former Lloyd’s chairman Rowland dies

2019-02-18T12:24:00+00:00

The former chairman of Lloyd’s Sir David Rowland – who is credited with saving the Corporation from collapse in the 1990s - has passed away.

David Rowland

The man who saved Lloyd’s

2019-02-18T17:06:00+00:00

In contrast to some of the more recent, excitable commentary about Lloyd’s gloomy future, today’s sad news is a reminder that a generation ago Lloyd’s really was facing an existential crisis.

Preservation Capital, Ascent and Cove Programs

Ascent backer Preservation Capital builds MGA platform with Cove investment

2019-02-19T09:53:00+00:00

Private equity firm Preservation Capital Partners, the backers of MGA Ascent Underwriting, has invested in US construction-focused managing general agent Cove Programs.

Pembroke Syndicate 4000 combined ratio index

Hamilton in pole position for £400mn+ Lloyd’s Pembroke deal

2019-01-29T09:23:00+00:00

Bermudian (re)insurer Hamilton is the frontrunner to acquire the up-for-sale Lloyd’s insurer Pembroke after lodging a bid thought to be in the region of £400mn+.

Lloyds buidling landscape

Lloyd’s M&A: ERS and Neon will be the litmus test for PE appetite

2019-01-29T17:40:00+00:00

Despite the proposed £400mn+ sale of Liberty Group’s Pembroke Managing Agency entering into exclusivity, a number of other Lime Street sale processes have recently faltered amidst buyer caution, a brutal 2019 business plan exercise and mismatches on valuation.

David Howden

Hyperion founder: “We will never sell”

2019-01-09T17:03:00+00:00

Major new strategic initiative agreed with PE backers at industry’s soon-to-be largest non-US intermediary

David Rowland

Former Lloyd’s chairman Rowland dies

2019-02-18T12:24:00+00:00

The former chairman of Lloyd’s Sir David Rowland – who is credited with saving the Corporation from collapse in the 1990s - has passed away.

Carnegie-Brown-lloyds

Carnegie-Brown steps down as Moneysupermarket chair

2019-02-14T16:47:00+00:00

Bruce Carnegie-Brown will stand down as chairman and non-executive director of price comparison website Moneysupermarket.com in May 2019.

Marine, container ship

RSA marine underwriter Peers joins TT Club

2019-02-12T13:13:00+00:00

Andrew Peers has been appointed senior underwriter in TT Club’s UK, Benelux and Nordic underwriting team.

Dave Duclos Lloyd's

Duclos named non-exec chair of Lloyd’s Global Network

2019-02-05T17:22:00+00:00

Lloyd’s has named industry veteran David Duclos as non-executive chairman of Lloyd’s Global Network, effective immediately.