MS Amlin
Wilson and Gourlay promoted at MSIG
Alan Wilson, Asia regional CEO of MSIG, and Michael Gourlay, vice president of business development, Asia have both been promoted.
LMA launches first competitive board election for three years
Eight candidates are fighting it out for six positions on the Lloyd’s Market Association’s governing body in what will be LMA’s first competitive election since 2012.
Amlin profits hit by reduced reserve releases and investment return
A combination of condensed reserve releases and a dip in investment return last year has been blamed for a £67m fall in profit before tax at Amlin.
Novae tipped as next listed player to be sold as Lloyd's consolidation hots up
Pressure on profitability in the Lloyd’s market has been cited among the main drivers for consolidation by analysts, with Novae tipped to become the latest listed player to be snapped up.
MSIG appoints Graeme Rayner as CUO
Mitsui Sumitomo Insurance Group at Lloyd’s has promoted Graeme Rayner to chief underwriting officer.
Compass expands fleet team with London market hires
Compass Broker Services, the UK networks division of broker Arthur J Gallagher has appointed Darren Grodent as senior motor fleet broker for its London markets division.
Third arm-sized bolt fractures on Cheesegrater
The owner of the recently opened London home for Aon and Amlin has admitted that a third steel bolt has fractured on the building, and that it will launch a replacement programme.
Market Moves - 15 January 2015
All the latest job moves in the insurance market.
Birch appointed MD of Bishop Skinner Marine
Bishop Skinner Marine, the Bluefin subsidiary specialising in yacht and pleasure craft insurance, has appointed Paul Birch as its managing director.
MSIG confirms Hudson exit
Mitsui Sumitomo underwriting director Martin Hudson has resigned from the company.
Ex-Amlin and QBE project leader Day replaces Hobbs as IUA programme director
The International Underwriting Association has appointed Louise Day as programme director to lead company involvement in the London Market’s modernisation programme.
Insurers urged to boost claims service to get competitive edge
Chubb and Hiscox have taken the top two spots in a ranking of claims service in the UK mid-market by Gracechurch Consulting.
Amlin GWP climbs 4.2% for YTD
Amlin has recorded a 4.2% increase in gross written premium to £2.29bn for the nine months ended 30 September (9M 2013: £2.20bn), despite a year-on-year drop in the firm’s UK quarterly GWP from £269.6m to £257.4m.
Price softening opens door for smaller Lloyd's syndicates to grab market share
Catlin Group’s primary syndicate remains the leading Lloyd’s syndicate in terms of 2013 gross written premium, although its top spot could be under threat as other operations seek to obtain fresh market share.
Equinox Global adds Amlin and The Channel Syndicate to panel
Lloyd’s coverholder Equinox Global has increased the number of carriers on its binder panel to nine after welcoming Amlin and The Channel Syndicate.
Cheesegrater cordoned off after steel bolts break
Two steel bolts have broken on London’s Cheesegrater building, home to Aon and Amlin, among other insurance businesses.
Amlin increases stake in LCP to 75%
Amlin has agreed to increase its stake in Leadenhall Capital Partners, the reinsurance-linked securities investment manager which it established with the individual partners of LCP in 2008.
Research: State of the Broking Nation Part 1: Insurers
A warts-and-all qualitative view from the broking market
McGurk to head MSIG Glasgow branch
Mitsui Sumitomo Insurance Group at Lloyd's has appointed Magnus McGurk as manager of its Glasgow branch.
MSIG notches ‘best ever’ underwriting result for 2013
Mitsui Sumitomo’s Lloyd’s operation has reported record underwriting profits for the year ending 31 December 2013.
Entry opportunities available as reinsurance market continues to soften
A softening reinsurance market is expected to continue to impact the reinsurance and Lloyd’s subsectors in 2015, according to a note published by Berenberg, which states that previous underperformance presents opportunities.
Aon and Amlin launch new product for estate owners
Aon Estates Practice, part of the broker's private client business, has launched an insurance solution for estate owners, in conjunction with Lloyd’s insurer Amlin.
Amlin UK boss Carpenter sets exit date
Former Amlin UK chief executive Brian Carpenter has confirmed his plans to retire later this year, setting the date of 30 September for his departure.
Amlin profits slide in H1 as large catastrophe losses grow
Lloyd’s insurer Amlin chalked up a reduced profit before tax of £148.5m in the first half of 2014 (H1 2013: £161.4m) as an uptick in large catastrophe losses took its toll.