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Insurance

Carriers more willing to ‘walk away’ if profits inadequate

After almost two decades of favourable buying conditions, 2017 and 2018 saw a change in the market dynamic whereby rates are increasing, and carriers are now willing to walk away from deals that do not deliver on acceptable levels of profitability, the chief executive of Australia-based broker Honan Insurance Group has claimed.   21 January 2019

Insurance

Fear over jobs may turn marine rates: Sompo

Lloyd’s profitability review could act as a catalyst to turn rates in the marine market—but larger insurers not part of the market could find it harder to achieve rate increases because of wider client relationships, Adrian Poxon, head of global specialty reinsurance, Sompo International, told Baden-Baden Today.   22 October 2018

Insurance

CGSC hires Lloyd’s exec as head of strategy and change

Broker Cooper Gay Swett & Crawford (CGSC) has appointed Wendy Kilminster as head of strategy and change.   17 June 2016

Insurance

Lloyd’s insurer Apollo looks to Navigators to build out marine energy liability business

Its new hire has specialised in ports and terminals for more than 15 years.   2 February 2023

Insurance

Lloyd's syndicate Blenheim enters specialty reinsurance with Talbot hire

Blenheim, managed by Asta, has appointed John Cutts to develop a specialty reinsurance division within its Syndicate 5886 at Lloyd's.   7 August 2017

Insurance

MS Amlin hires former Everest exec as head of property and allied lines

MS Amlin recently reorganised its underwriting structure into three distinct units, of which property and allied lines is one.   12 April 2021

Insurance

AFL taps UIB senior brokers Ritson and Draper to lead property and energy expansion

Independent Lloyd’s broker AFL Insurance Brokers has hired experienced brokers Mark Ritson and Peter Draper as directors of international property and energy.   19 July 2019

Insurance

Lloyd’s confirms plans for Dubai office

Lloyd’s of London has confirmed that it is in talks to open a representative office in Dubai.   29 January 2014

Insurance

Athene acquires Delta Lloyd Deutschland

Bermuda-based insurance holding company Athene is set to acquire Delta Lloyd Deutschland (DLD) and its subsidiaries, the German subsidiary companies of Delta Lloyd.   15 January 2015

Insurance

Cost savings boost NN Group’s Q3 results

Dutch insurer NN Group enjoyed an increase in its profits in the third quarter of 2018 partly boosted by further cost savings as a result of its 2017 acquisition of Delta Lloyd.   15 November 2018

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