Lloyd’s Chairman Nelson on Reinsurance Market, Coverholders, Future Expansion September 29, 2014 By Charles E. Boyle Lloyd’s Chairman John Nelson is pleased with the current state of the Lloyd’s market. Shortly after Nelson was interviewed at...
‘Bond King’ Bill Gross Resigns From PIMCO, Joins Janus September 29, 2014 By Jennifer Ablan and Paritosh Bansal Bill Gross, the bond market’s most renowned investor, quit PIMCO for distant rival Janus Capital Group Inc on Friday, the...
Arc Legal Questions CMA Finding on Motor Policy Add-Ons September 29, 2014 Arc Legal Assistance has questioned whether the publication of claims ratios at the point of sale would provide an accurate...
Swiss Re’s Property and Specialty Head on New and Diverse Risks September 26, 2014 By Charles E. Boyle Edouard (Eddie) Schmidt is responsible for Swiss Re’s Property and Specialty Sectors around the world, which covers around a lot...
Cell Phone Use Deemed Safe on Europe Airlines September 26, 2014 By Richard Weiss European airlines received permission from regulators to have passengers use personal electronic devices including mobile phones during flight, removing one...
ABI Faults UK’s CMA for Failing to Address Replacement Car Costs September 26, 2014 By Charles E. Boyle The Association of British Insurers (ABI) has cited the Competition & Markets Authority’s (CMA) failure to tackle the excessive charges...
A.M. Best Affirms Rating of Kiln Syndicate 510 September 26, 2014 A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a+” of Lloyd’s...
As Risks Multiply, NGOs Reassess Security, Insurance Costs in Middle East September 25, 2014 By Isabel Coles Aid agencies are tightening security measures in the Middle East and increasingly outsourcing work to local organizations to limit their...
Lloyd’s Posts First-Half Profits of $2.72 Billion September 25, 2014 Lloyd’s reported a profit of £1.67 billion {$2.7218 billion] for the first six months of 2014, marking a 21 percent...
Direct Line Sells Overseas Businesses to Mapfre September 25, 2014 By Stephen Morris Direct Line Insurance Group Plc sold its German and Italian businesses to Spain’s Mapfre SA for €550 million ($700 million)...