Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, will expand its offerings in the international casualty marketplace to include treaty reinsurance business written through Lloyd’s of London. This new capability adds to Argo Group’s …
Following Lloyd’s release of its composite results for the first six months of 2012 – a £1.53 billion [$2.4 billion] profit – Lloyd’s chief executive Richard Ward was understandably pleased. In a telephone interview he explained that the figures are …
Lloyd’s announcement on Friday of the launch of its “Vision 25” program, an ambitious plan to prepare the historic London market for the future, came as no surprise to Hank Watkins, CEO of Lloyd’s North America. “We are planning for …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623, Lloyd’s Syndicate 623, Lloyd’s Syndicate 3623 and Lloyd’s Syndicate 3622, as well as …
Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine, Casualty, Financial Lines and General Property business, effective January 1, …
Ryan Specialty Group, LLC (RSG) announced that it has completed the acquisition of specialist Lloyd’s insurer Jubilee Group Holdings Limited, “which currently operates two active Syndicates at Lloyd’s, a managing agency and specialist underwriting distribution and insurance service businesses.” RSG …
The Managing General Agents’ Association (MGAA), a non-profit making organization founded to represent UK Managing General Agents, was officially launched on the 1st of September with an initial 40 Full Members underwriting gross written premiums of approximately £1.25 billion [app. …
The Lloyd’s web site notes that August 18th was the 100th anniversary of the 1911 Lloyd’s Act, which was instrumental in transforming the market from a primarily marine insurer, to the specialized global risk market it has become. In addition …
After careful calculation Lloyd’s has announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia. The current net estimates were given as follows: US$ 1.95 billion …
