Lloyd's of London News – Page 58
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NewsWillis/Towers Watson merger completed
Willis GB boss Nicholas Aubert named as head of Great Britain for the combined entity
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NewsRFIB Group broking director Stephen Hirst to retire
Hirst joined RFIB in August 2005 as a board director and managing director of the marine division
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NewsAllianz to launch mid-corporate print, publishing product
Offering will target companies with a premium of between £5,000 and £100,000
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NewsInvestment in acquisitions drives fall in Cobra pre-tax profits
But surplus funds from disposals have produced profits of £800,000 in current year and enabled Cobra to reduce bank debt
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NewsWholesale, multinational to be significant business sources - Aviva
But Aviva’s chief distribution officer stressed that chasing premiums would not be part of the insurer’s growth strategy
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NewsBesso secures funding from Clydesdale Bank
Finance will pay off BP Marsh loans and fund future growth
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News25% of London Market to rely on investments for profit in 2016
PriceWaterhouseCoopers sees average London Market COR of 98%, or 95% with investment returns
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NewsCarlyle firepower will help PIB's aggressive recruitment - McManus
PIB is also continuing with its aggressive recruitment plans
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NewsEuropean Council adopts Insurance Distribution Directive
Member states now have two years to embed the directive into their regulatory framework
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Online onlyAIG staff shock as top bosses are latest culled
Top level executives join UK boss Jacqueline McNamee in leaving the insurer
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NewsHailo co-founder warns against uninsured 'Wild West' drone users
Jay Bregman whose firm also develops control systems for unmanned aircrafts said cover was needed in case of accidents
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NewsLloyd's Tom Bolt to depart in 2016
As director of performance management Bolt is responsible for the commercial performance of Lloyd’s
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NewsRisk managers, underwriters reach deal on late payment law
New law allowing policyholders damages for late payment to include a one-year cut-off
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NewsHiscox appoints Red24 to advise product liability clients
Deal provides technical, regulatory and public relations support
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NewsXchanging to provide software for Aon London Market operations
Deal follows 20 smaller contracts
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NewsLondon Market Group to survey insurance skills gaps
Survey to identify talents needed in future insurance market
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NewsBeazley underwriting head Neil Maidment elected LMA chair
Maidment replaces Talbot chief executive Rupert Atkin
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NewsAXA pens five-year deal with Towergate-owned BiBU
The contract which comes into force in January 2016 was previously held by RSA
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NewsAllianz offers higher limits to brokers in excess liability cover revamp
The insurer has also extended its list of approved primary insurers
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NewsCNA Hardy plots regional expansion with fifth branch
The insurer makes a raft of appointments to support the expansion plans
