Lloyd's of London News – Page 59
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NewsLloyd’s first-half profit falls 28% as rate cuts bite
Results also hit by falling investment returns, which almost halved
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NewsMitsui Sumitomo agrees £3.47bn takeover of Amlin
Offer represents 36% premium to yesterday’s closing price
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NewsAllied World looks to Zurich for new casualty team hires
James Emerton and Martin Fisher will build the insurer’s UK and international corporate business
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News43% of consumers do not trust driverless cars - uSwitch
More than a third expect the introduction of driverless cars to drive up their insurance premiums
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NewsOne in six UK SMEs do not have insurance
Hiscox survey of 4,000 businesses found that only one-in-12 had any form of e-risks cover
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NewsArgo appoints chief risk officer from Amlin
Alex Hindson previously worked as chief risk officer at Amlin AG
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NewsEx-Lloyd’s director Sue Langley to chair Gallagher UK
New non-exec role marks Langley’s return to insurance industry
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NewsCharles Taylor hopes to benefit from ‘long list’ of Lloyd’s hopefuls
Chief executive David Marock says company is also seeing strong pipeline of acquisition opportunities
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NewsGallagher MGA Pen appoints ex-Brit Reinsurance boss Turner as exec chair
Jonathan Turner will work with Pen MD Mark Armitage to review how MGA can maximise underwriting capability
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News
Integro buys film and TV MGA
Entertainment Risk Management bosses John Green and Karl Crawford will continue in their leadership roles
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NewsDrone insurance demand to ‘surge’ – Lloyd’s
New report highlights five key risks affecting growing drone sector
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Online onlyProfessional indemnity and D&O sector to hit £1.5bn GWP by 2019
Growth driven by directors’ rising public exposure through social media and increasing regulatory activity
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NewsTianjin blast losses could reach $1.5bn: Fitch
Up to 15% of the cost could be passed on to reinsurers
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News373 ‘high risk’ Lloyd's wordings triggers widescale review – LMA
The review by LMA was carried out ahead of the Insurance Act coming into force in August 2016
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NewsCyber attack biggest worry for insurers globally
PwC survey highlights concern over vulnerability of cloud-based storage of customer data
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NewsNexus buys £21m MGA EBA Insurance Services
Acquisition bolsters underwriting agency’s presence in Europe
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NewsPrivate equity firm Odyssey to buy Integro
Deal is expected to be completed in the fourth quarter of 2015
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NewsForeign exchange losses depress Novae profit
First half pre-tax profit down 21%, but underlying profit rises 28% and COR improves to 89.8%
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Online onlyTowergate launches regional restructuring
The broker is rebranding a number of its regional management areas
