Lloyd's of London News – Page 115
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News
Prism launch provides new modelling approach
Platform provides comparison to insurers capital positions
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Floods spark home insurance rush
Home insurance applications rise 300% in flood-hit areas
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Chief reinsurance advisor grilled
Nathan Skinner reports on the continuing Independent fraud case
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NewsAriel Re touted as Bermudan insurers eye Canopius takeover
Canopius has become the latest takeover target for Bermudan insurers looking to gain a foothold in the Lloyd’s market.The insurer is understood to have received several unsolicited approaches in the region of £250m, with Ariel Re being touted as a potential bidder.The Bermuda reinsurer, led by industry veteran Don Kramer, ...
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NewsMotor insurers take £25m hit from flooding
Motor claims resulting from the recent flooding could reach as much as £25m, according to the ABI.Some have suggested that the event could act as a trigger for rate increases in the private motor market. But insurers, already reeling from a £1.5bn household bill, have played down the impact of ...
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Online onlyIndie trial: Defence says Lomas kept out of the loop
Lomas’ defence has suggested the finance director was kept in the dark about details of key reinsurance contracts
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Online onlyDevelopers may have to foot insurance bill
Proposal to make developers pay insurance for up to 20 years on builds in flood areas
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Online onlyIndie trial: Consultants didn't advise on reinsurance properly
Michael Bright's defence counsel has suggested that Independent's reinsurance consultants did not provide proper advice for the company's directors
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Online onlyIndie trial: Directors warned about future cost of reinsurance
Independent’s directors were warned about mortgaging the future of the company through expensive reinsurance deals, said a prosecution witness
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Insurers meet with Government ministers
ABI director general says insurers are doing "all that they can" to deal with flood claims
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Insurers count the cost of flooding
This week the ABI upped the estimated total cost of claims relating to the recent flooding
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Online onlyIndie trial: defendants knew about 'payback' reinsurance deals
Dennis Lomas and Michael Bright knew about ‘payback’ reinsurance deals between Independent and its reinsurers, said a prosecution witness
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R&SA estimates flood claims to cost £55m
Insurer maintains pay-out will not affect full year guidance
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GAB Robins moves to bolster corporate client services
Corporate client director appointed
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Zurich welcomes solicitors' new code of conduct
New code includes a stricter regime to minimise errors, especially in residential property transactions
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Industry should not fear principles-based regulation
Moore Stephens' Simon Gallagher urges insurers to engage in "spirit of the rules"
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SME terror cover set to surge after attacks
The take-up of terrorism cover among SMEs could be set to surge following the latest terrorism threats in the UK.The number of businesses, which currently take out terrorism cover as part of their commercial property insurance, is said to be low among SMEs compared to corporate-sized firms.But, as counter-terrorist officials ...
