The OFAC dilemma
The timing of insurance payouts for the Ukrainian International Airlines flight shot down by an Iranian missile is very much up in the air…
A hard act to follow
Lloyd’s has had three underwriting tsars since it created the Franchise structure in response to the heavy market losses of 1998-2001.
Lloyd’s takes a lead – and should be congratulated
One advantage of tough times is that it enables an institution to examine all its established practices that otherwise remain unchallenged when the sun is shining.
Conflict avoidance…
This week saw the announcement that Victor Syndicate 2288 will be the fourth new entrant to go live at Lloyd’s from 1 January 2020.
Neal’s £300mn raises the stakes…
Lloyd’s CEO John Neal cannot be accused of lacking ambition.
The perils of the Christmas party…
‘Tis the season to be jolly and for many this means the tradition of The Office Christmas Parties. In recent years, a new tradition has emerged: HR departments warning over the perils of consuming too much festive spirit at such events. This is particularly common in London where the tradition ...
London broker Paragon sale price leaps from £42mn to £70mn
Australian broking house PSC Insurance Group will now reach deeper into its pockets to reward the owner-manager shareholders of FI specialist Lloyd’s broker Paragon following a jump in 2019 profits during the earn-out phase.
Allianz closes $1.08bn LV= GI acquisition
Allianz has completed its acquisition of the remaining 51 percent stake in the general insurance business of UK insurer LV= for £1.08bn ($1.43bn), almost double the £578mn ($729mn) valuation when the deal was first announced in May 2019.
Lloyd’s names Crawford-Ingle audit committee chair
Lloyd’s has named former Beazley director Angela Crawford-Ingle as a board member and chair of the audit committee, effective immediately.
Chaucer names Wright CRO as Shaw steps down
Chaucer has appointed James Wright to the role of chief risk officer, taking over from Penny Shaw, who steps down having “successfully completed” the transition of Chaucer into parent company China Re.
Apollo names Moore deputy active underwriter of SPA 1971
Apollo Syndicate Management has promoted Chris Moore to deputy active underwriter of Apollo’s special purpose arrangement (SPA) 1971 at Lloyd’s and head of its ‘ibott’ – which stands for “insuring businesses of tomorrow, today” – practice.
Aon names Madell UK health solutions and affinity CBO
Aon has named Helene Madell as chief broking officer (CBO) for commercial risk solutions, health solutions and affinity in the UK.