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Underwriting losses prompt Lloyd’s chief financial officer to take action
Insurance
Lloyd’s of London reported underwriting losses in all classes in the accident year 2016, driving the management to take action to improve underwriting quality and expenses.   31 March 2017
Lloyd’s vulnerabilities exposed by the soft market
Insurance
An unspectacular increase in large claims led Lloyd’s of London to report underwriting losses in all classes in the accident year 2016, driving the management to take action to improve underwriting quality and expenses.   31 March 2017
Insurance
Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has expanded its inland marine team with the hiring of Tom Warner, Mike Lewis and Timothy Janeway.   30 March 2017
Insurance
Yachtpod Risk Partners has launched an underwriting cell on the Castel Underwriting Agencies managing general agent (MGA) formation platform to offer dedicated superyacht insurance on a global basis.   30 March 2017
News
JLT Group's Fac division, which is focused on property, construction and casualty facultative reinsurance, has expanded its team with the appointment of Mark Leonard and Julia Moretti.   30 March 2017
Insurance
Pressure facing the global reinsurance sector may be magnified in Bermuda, rating agency AM Best suggested.   30 March 2017
Insurance
London-based specialist re/insurance market Lloyd’s of London has in 2016 recorded the fifth highest level of major claims since the turn of the century, the company said in a statement.   30 March 2017
Insurance
Re/insurer XL Catlin has appointed Denali Marlane as the western regional underwriting manager in San Francisco for its environmental insurance business.   30 March 2017
Insurance
An increasing number of UK companies are reviewing credit insurance as economic uncertainty grows due to uncertainty triggered by UK’s exit from the European Union, according to the British Insurance Brokers' Association (BIBA)   29 March 2017
Insurance
Property and casualty insurer Novae Group has entered into a quota share agreement with Fidelis Insurance Bermuda (FIBL) covering Lloyd’s Syndicate 2007’s US property catastrophe treaty excess of loss portfolio for 2017.   29 March 2017

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