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In order to protect margins in the current low interest rate and soft market environment, QBE is determined to fend off brokers’ demand for fee increases, strengthen direct distribution and avoid business in the Lloyd’s market as this comes at higher cost. 17 August 2016
Insurance
Allianz Global Corporate & Specialty (AGCS) has expanded its crisis management team with the appointment of Stewart Eaton to the role of head of product recall for regional unit London (RUL), effective immediately. 17 August 2016
Insurance
Now that the immediate post-referendum dust has settled, the re/insurance industry is taking a close interest in the nature of the UK’s negotiations around leaving the EU and what it will mean for cross-border trade. Intelligent Insurer reports. 16 August 2016
Insurance
Interest in setting-up at Lloyd’s remains strong despite the market’s performance dipping last year on the back of competitive market conditions. 16 August 2016
Insurance
Channel Syndicate 2015 (Channel) at Lloyd’s has appointed John Taylor as head of international binders, expanding its binder offering. 15 August 2016
Insurance
ArgoGlobal, a Lloyd’s insurer and member of global underwriter of specialty re/insurance products Argo Group, has acquired the renewal rights for Allied World’s marine hull business in Asia. 15 August 2016
Insurance
Specialty insurer Beazley has appointed former Chaucer CEO Robert Stuchbery as non-executive director and member of the audit and risk committee. 12 August 2016
Insurance
Law firm Kennedys is to merge with marine and shipping law firm Waltons and Morse. The deal will create a £150 million business. The acquisition will come into effect on November 1, 2016. 12 August 2016
Insurance
Modernising the London Market is essential if it is to compete with other re/insurance hubs and competitors in the world. But resistance from the front office, where brokers and underwriters may be reluctant to change their behaviour, could threaten the plan’s success. Intelligent Insurer reports. 11 August 2016
Insurance
Ironshore’s Pembroke Managing Agency has introduced its ‘Specie Consortium’, a venture supported by 21 Lloyd’s syndicates which offers up to $635 million in capacity for any one risk. 11 August 2016
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