Lloyd's of London News – Page 107
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Endurance appoints former Converium chief underwriting officer
Patrick Aeschbacher to lead growth in Asia and Australia
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Online onlyIAIS announces new education project for insurance supervisors
Senior insurance experts to participate in programme to promote financial stability
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News
Hiscox to withdraw from sidecar operation
Hiscox is to wind down Panther Re, the first ever Lloyd’s sidecar operation, at the end of this year.The insurers said it had decided with its equity partners that the financial opportunity for 2008 did not merit renewal of the reinsurance vehicle.The move comes less than a year after Panther ...
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Flooding agreement up for change
Insurers have suggested that substantial revisions to the industry’s agreement with the government guaranteeing the provision of flood cover could be made in the spring. A range of issues including urban drainage, planning, coastal flooding, data sharing and clarification of which properties should fall under its umbrella could be subject ...
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NewsTop academic issues climate warning
Local authorities need to introduce greater measures to deal with flooding
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Online onlyCommercial property at a loss
Properties could be losing out to the tune of £300m after being hit by floods
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Online onlyStorming new figures
A windstorm on the scale of 1987 would result in more than £4bn of losses
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EA calls for national strategy on urban flood risks
Agency chief admits 'little work' done on mapping risk from urban surface water flooding
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Partnerships can help with climate threat
A leading World Bank insurance expert has said that public-private partnerships (PPPs) offered insurance companies huge opportunities in dealing with the threat of climate change.Eugene Gurenko told the Insurance Times Insuring Climate Change Conference this week: “Insurance is more and more seen as an important climate change adaptation tool by ...
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Online onlyABI blasts government over flood defence spending
Association says government has failed to grasp importance of improving Britian's flood defence
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Online onlySwiss Re gets rating
SR International Business Insurance placed on review for possible upgrade
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Willis partners climate study
Willis and Deloitte have joined forces with the University of Reading in an attempt to analyse the effects of climate change on business.The partnership will seek to involve further stakeholders, including insurers.Deloitte partner Lis Gibson said that the scheme would have a vital part to play in risk assessment. She ...
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Cobra targets reinsurance as first half profits flat
Broking group Cobra is to enter the reinsurance sector in a move to expand its London market division. Cobra Holdings chief executive Steve Burrows said the group had invested heavily in its London market operation, employing new teams to develop the reinsurance operation. He said: “We decided now is the ...
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Baroness Young defends EA over flood mapping
Baroness Young, chief executive of the Environment Agency (EA), has played down insurers’ claims that the agency is not doing enough to share its data on flood mapping.In an interview with Insurance Times, Young said that the EA, criticised for its management of flood defences, was working to help ...
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Motor insurance premiums not yet hit by impact of floods
Gap narrows between direct and broker premiums
