Catlin Stokes Broker Compensation Controversy May 20, 2011 By Charles E. Boyle and Andrew G. Simpson The simmering compensation conflict between London’s broker community and the underwriters they work with erupted following a keynote speech given...
BMS Group’s Pioneer Underwriting Adds Personnel May 17, 2011 The UK’s BMS Group announced that its Lloyd’s Managing General Agent subsidiary, Pioneer Underwriting and JH Intermediaries have added two...
Aon to Move into New London HQ in 2015 May 16, 2011 Aon announced that it has selected The Leadenhall Building as its future London headquarters. The office tower is currently under...
Lloyd’s Estimates Losses from Q1 Disasters at $3.8 Billion May 13, 2011 After careful calculation Lloyd’s has announced its estimated net claims before tax from the earthquakes this year in Japan and...
Marsh Offers Ship Owners Protection for Increasing Charterers’ Defaults May 13, 2011 A bulletin from Marsh’s London office warns that “ship owners are becoming increasingly concerned about the financial consequences of a...
Hiscox Issues Interim Management Statement; Sees Future Rate Hikes May 10, 2011 Hiscox Ltd., which operates in the U.S., Bermuda and Europe, as well as the Lloyd’s and UK market, has issued...
Fu Joins Pioneer Underwriting at BMS Group as Marine Underwriter May 10, 2011 Pioneer Underwriting, BMS Group’s recently launched Lloyd’s MGA, announced that Amy Fu joins the team as a Marine Underwriter. BMS...
Lloyds Bank Takes $5.3 Billion Hit for Mis-selling Payment Protection Insurance May 6, 2011 By Steve Slater and Sudip Kar-Gupta Lloyds, the UK’s state-backed bank, which has no affiliation with Lloyd’s of London, took a shock £3.2 billion ($5.3 billion)...
Lloyd’s Market Association Questions Aspects of FSA Regulatory Reform April 29, 2011 In a response to the proposals to restructure the UK’s financial regulations the Lloyd’s Market Association (LMA) has taken issue...
Lloyd’s on Coverage for Royal Wedding Celebratory ‘Street Parties’ April 29, 2011 The Royal Wedding today at Westminster Abbey has virtually taken over the UK, as millions of residents plan local celebrations...