Lloyd’s News

Carvey Appointed Head of Treaty at Hamilton at Lloyd’s

Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, has hired Trevor Carvey as head of treaty. Carvey will report to Dermot O’Donohoe, chief executive officer of Hamilton Underwriting Limited. He will be responsible for …

Integro Acquires Entertainment Risk Management, London-Based MGA

The insurance brokerage and risk management firm Integro Ltd. has acquired Entertainment Risk Management Ltd. (ERM), a London-based managing general agent (MGA), to augment its international entertainment practice.  Financial details of the transaction have not been disclosed. ERM primarily serves brokers …

Amlin’s CEO Philipps Dampens Market Rumors That Insurer Is for Sale

Amlin plc Chief Executive Officer Charles Philipps damped speculation that the Lloyd’s of London insurer is looking for a buyer, saying the firm is strong enough to remain independent. “We are not for sale, we are not running a sale …

Cobalt Becomes Insurer of Preference for Major UK Infrastructure Project

Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the proposed London Paramount Entertainment Resort in Kent, England. Valued at £3 billion ($4.6 billion), the Paramount Studios-backed project is set to transform the Swanscombe …

Talbot Names Tebbutt Global Practice Leader, Political Violence & Aviation War

Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the promotion of Steven Tebbutt to global practice leader, political violence and aviation war. Tebbutt has been instrumental in establishing the war and terrorism book of business in …

Argo Reports 2015 Q2 Net Income of $27.9M, Compared to $38.6M in 2014

Argo Group International Holdings Ltd. reports net income of $27.9 million or $0.98 per diluted share, compared to $38.6 million or $1.32 per diluted share for the second quarter of 2014. “Argo Group’s second quarter results demonstrate continued momentum in …

Lloyd’s Market Association Appoints Curtis as Director of Finance and Risk

Ken Curtis has been appointed as director of finance and risk for the London-based Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community. He formerly was group chief financial officer of Chaucer Holdings plc and managing director …

Lancashire’s CEO Maloney Dismisses Value of Merger with Larger Rival

Lancashire Holdings Ltd. Chief Executive Officer Alex Maloney dismissed suggestions the insurer would be better off combining with a larger competitor. “I don’t really buy the bigger is better thing,” Maloney said on a conference call with analysts Wednesday. “I see …

Lancashire 1st Half Profit Drops 10% Amid ‘Pricing Pressures’ at Lloyd’s

Lancashire Holdings Ltd. reported a 10 percent fall in first-half profit amid “pricing pressure” in the Lloyd’s of London insurance market. The company said pretax profit decreased to $88.6 million in the six months through June, while gross written premiums fell …

Hamilton Underwriting Limited Hires Carvey as Head of Treaty

Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, announced that Trevor Carvey has been hired as head of treaty. Carvey will report to Dermot O’Donohoe, chief executive officer of Hamilton Underwriting Limited. He will …