Lloyd's of London News – Page 69
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Flying debris scare at Aon 'Cheesegrater' building opposite Lloyd's
Building which will house Aon, Amlin and FM Global in urgent safety review
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Agenda
Motor insurers pay out £5bn a year for bodily injury claims
And total cost of road traffic accidents is £34bn, according to a report by Ageas and the Road Safety Foundation
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Lloyd's cuts rate in £500m bond issue thanks to investor demand
Lloyd’s said the new bond would make it less reliant on liquidity of members
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Managing director Nick Pay leaves Kerry London
Parent company Kelliher Insurance Group takes on management responsibility
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Willis in exclusive talks to buy majority stake in Miller
Willis’s wholesale book will move to Miller, while Miller’s existing retail and treaty reinsurance business will transfer to Willis
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S&P cuts Lloyd’s outlook to stable because of heavy competition
Rating now unlikely to be upgraded in the next 12-24 months
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Gallagher reinsurance team transfers to Capsicum
Gallagher reinsurance business will all be conducted by Capsicum Re
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Lloyd's chief exec predicts cyber insurance boom
Inga Beale says recent high profile attacks in the US will trigger a surge in the market
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Ex-Bush terrorist adviser teams up with Lloyd's to launch cyber insurer
Brit, Novae, Barbican and Aegis London to underwrite policies
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IIL appoint Stephen Riley as president
Follows a strategic review lead by Treasurer Jonathan Clark
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Aegis hires head of broker relations from Willis
Nigel Roberts will take up the new role on 1 October
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Barbican hires underwriter from Talbot
Rachel de Courcy joins as financial and professional lines underwriter
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Hiscox signs up to Willis Global 360 despite ‘stall’ in talks
Lloyd’s insurer has committed to broker’s subscription programme ‘across a range of specialty risks’
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Brit launches cyber cover for infrastructure and machinery
Policy offers coverage limits of up to £154m
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Specialty underwriter ProSight eyes Lloyd’s expansion with Canopius hires
Underwriter offers new accident and health practice and expands marine, film and engineering underwriting teams