http://www.barbicaninsurance.comBarbican Insurance rss news feeden-gbCopyright 2010 All rights reservedCompany NewsiCMS6020143http://www.barbicaninsurance.com/images/d4556eb6-f9fe-4321-9a54-09688d1a7f01.jpghttp://www.barbicaninsurance.com/rssnewsitems/796e35c3-d9ff-4063-b041-f34638ed4a82The hailstorms that battered northern Colorado and Wyoming recently have caused insured damage in excess of $285m 21 July 2011 16:38:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/796e35c3-d9ff-4063-b041-f34638ed4a82http://www.barbicaninsurance.com/rssnewsitems/c7e40ffc-1d35-46f3-9332-bc43b2a3c529More than 85% of law firms anticipate the cost of risk management to rise says survey19 July 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/c7e40ffc-1d35-46f3-9332-bc43b2a3c529http://www.barbicaninsurance.com/rssnewsitems/9647bd5b-72d8-4b65-b6f0-c22ca27ee61cWith insured losses amounting to some $60bn so far, catastrophe events has already made 2011 the costliest year on record 14 July 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/9647bd5b-72d8-4b65-b6f0-c22ca27ee61chttp://www.barbicaninsurance.com/rssnewsitems/55bb732a-edb5-4b7a-b33a-a46d0027cd84Tawa plc looks to have beaten the management buyout bid to buy Lloyd's managing agency, Whittington11 July 2011 16:57:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/55bb732a-edb5-4b7a-b33a-a46d0027cd84http://www.barbicaninsurance.com/rssnewsitems/c70b9759-4204-4b55-b75d-2b6152bdaebfAon Benfield disagrees with the need to raise rates after events in Japan and New Zealand 8 July 2011 10:36:0060Nigel murchhttp://www.barbicaninsurance.com/rssnewsitems/c70b9759-4204-4b55-b75d-2b6152bdaebfhttp://www.barbicaninsurance.com/rssnewsitems/d4542ec1-95e5-47e0-8cc6-63b81c2c5a15Aviva is looking to return to Lloyd's capitalising on the strength of its growing global brand 7 July 2011 11:21:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/d4542ec1-95e5-47e0-8cc6-63b81c2c5a15http://www.barbicaninsurance.com/rssnewsitems/050ea1db-54e5-4bd8-924d-de5906770640The Allianz Group has agreed to a €300m contribution for a new finance rescue package for Greece 7 July 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/050ea1db-54e5-4bd8-924d-de5906770640http://www.barbicaninsurance.com/rssnewsitems/55e46d28-0dd3-4c61-8b17-b1c2d2d72122With no interest shown from any purchasers, Sagicor is now not selling its £235m stamp Lloyd's operation. 29 June 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/55e46d28-0dd3-4c61-8b17-b1c2d2d72122http://www.barbicaninsurance.com/rssnewsitems/89b77bd7-f243-4bab-a187-c83370ae6065$15.5bn insured severe weather losses in the US so far this year is already three times the full-year average of the last 20 years 27 June 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/89b77bd7-f243-4bab-a187-c83370ae6065http://www.barbicaninsurance.com/rssnewsitems/a92149da-1c15-4ad0-a8fd-69adc19984edBarbican A team emerged victorious in a cold and damp Hyde Park to claim the Wildnet Cup for 201160Ian Joneshttp://www.barbicaninsurance.com/rssnewsitems/a92149da-1c15-4ad0-a8fd-69adc19984edhttp://www.barbicaninsurance.com/rssnewsitems/ec2a1f75-e7db-4898-bfe9-f1e73f8341a4The insurance industry can expect a golden age of opportunity with the continuing growth of the BRIC economies 17 June 2011 00:00:0060Nigel murchhttp://www.barbicaninsurance.com/rssnewsitems/ec2a1f75-e7db-4898-bfe9-f1e73f8341a4http://www.barbicaninsurance.com/rssnewsitems/215b35f6-11c2-4d2a-aa1e-40ccc2ad42e7Zurich is selling its UK run-off business to Swiss Re for $360m as part of a strategy to dispose of non-core business 15 June 2011 00:00:0060Nigel murchhttp://www.barbicaninsurance.com/rssnewsitems/215b35f6-11c2-4d2a-aa1e-40ccc2ad42e7http://www.barbicaninsurance.com/rssnewsitems/37ac2681-d530-4402-bbc0-45876a143ed8Hanover's £313m takeover of Chaucer has been approved by 99% of shareholders 9 June 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/37ac2681-d530-4402-bbc0-45876a143ed8http://www.barbicaninsurance.com/rssnewsitems/7afb27c6-58df-4e95-a38e-6abd18906dfdLloyd's has gone to court to cancel an insurance policy for Michael Jackson’s 2009 tour, claiming the promoters withheld medical information 8 June 2011 00:00:0060Nigel murchhttp://www.barbicaninsurance.com/rssnewsitems/7afb27c6-58df-4e95-a38e-6abd18906dfdhttp://www.barbicaninsurance.com/rssnewsitems/c45c89e2-ece1-4f75-82c4-e84451f656d0Insurance law firms, Barlow Lyde and Gilbert - and Clyde and Co - are in talks about a possible merger 6 June 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/c45c89e2-ece1-4f75-82c4-e84451f656d0http://www.barbicaninsurance.com/rssnewsitems/5e338e2e-1171-4b3a-9af0-e53e9f984a4bBrit Insurance is to open a new Lloyd's service operation in Sydney on July 1st1 June 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/5e338e2e-1171-4b3a-9af0-e53e9f984a4bhttp://www.barbicaninsurance.com/rssnewsitems/2e7e2d09-8da6-49f3-982e-04c9cf9003b4A product to help restore the damaged reputation of a business has been launched by Kiln31 May 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/2e7e2d09-8da6-49f3-982e-04c9cf9003b4http://www.barbicaninsurance.com/rssnewsitems/68c61bcc-2974-4876-8f43-21390ae0a46cThe deadliest US tornado since 1947, losses from the twister that hit Joplin, Missouri, could be between $1bn - $3bn25 May 2011 00:00:0060Nigel murchhttp://www.barbicaninsurance.com/rssnewsitems/68c61bcc-2974-4876-8f43-21390ae0a46chttp://www.barbicaninsurance.com/rssnewsitems/daedf0be-6eef-4d95-aaca-9b90bdc04babUS government weather agency, NOAA, says the 2011 Atlantic hurricane season will be above normal with up to ten hurricanes20 May 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/daedf0be-6eef-4d95-aaca-9b90bdc04babhttp://www.barbicaninsurance.com/rssnewsitems/7d6e0f04-f9c6-47cf-8ee0-b3372d272cf9July 1st is the planned launch date for White Mountains new Lloyd's syndicate 19 May 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/7d6e0f04-f9c6-47cf-8ee0-b3372d272cf9http://www.barbicaninsurance.com/rssnewsitems/c7611612-52ba-45e0-8b1f-021bef2a62f2The earthquake that hit south-eastern Spain recently is likely to incur insured losses limited to $100m17 May 2011 00:00:0060Nigel murchhttp://www.barbicaninsurance.com/rssnewsitems/c7611612-52ba-45e0-8b1f-021bef2a62f2http://www.barbicaninsurance.com/rssnewsitems/39f8e203-e342-4262-b815-eddff0ffe900Lloyd's net claims from last year's quakes in Japan and New Zealand, plus January's Australian floods, now come to £2.34bn 13 May 2011 00:00:0060Nigel murchhttp://www.barbicaninsurance.com/rssnewsitems/39f8e203-e342-4262-b815-eddff0ffe900http://www.barbicaninsurance.com/rssnewsitems/bcd7a2cd-39b8-4e1a-9b1d-d367b35aaef8Sony is hoping insurers will cover the $2b cost of cleaning up the data breach involving more than 100 million customers 9 May 2011 00:00:0060Nigel murchhttp://www.barbicaninsurance.com/rssnewsitems/bcd7a2cd-39b8-4e1a-9b1d-d367b35aaef8http://www.barbicaninsurance.com/rssnewsitems/76624760-c051-41e8-8dfb-3b5b55860a3eA 'break fee' of nearly £3m will be owed to Hanover if the proposed takeover falls through 9 May 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/76624760-c051-41e8-8dfb-3b5b55860a3ehttp://www.barbicaninsurance.com/rssnewsitems/5fb322b5-71bc-4c90-9961-e3ce1baaed27The implemention of Solvency II is seen as a bigger risk to the insurance industry than a natural catastrophe 29 April 2011 00:00:0060Nigel murchhttp://www.barbicaninsurance.com/rssnewsitems/5fb322b5-71bc-4c90-9961-e3ce1baaed27http://www.barbicaninsurance.com/rssnewsitems/f8070879-3702-4d36-ba69-e525b14547e9Barbican rocked the insurance market last week when it sponsored a live music event to pay tribute to the late Chris Chandler 27 April 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/f8070879-3702-4d36-ba69-e525b14547e9http://www.barbicaninsurance.com/rssnewsitems/b6aac14d-30cf-4526-8f26-4f8c3b883b1cJapan plans to back an insurance fund for Tokyo Electric Power to pay compensation for nuclear plant leaks 21 April 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/b6aac14d-30cf-4526-8f26-4f8c3b883b1chttp://www.barbicaninsurance.com/rssnewsitems/0905eb1b-8886-4d70-bf6f-5f5ccb511962Massachusetts-based property and casualty insurer, the Hanover Group, is to buy Chaucer Holdings for about £313mn 21 April 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/0905eb1b-8886-4d70-bf6f-5f5ccb511962http://www.barbicaninsurance.com/rssnewsitems/80aabc94-23f4-44a9-a3c6-816ea528e40cJohn Nelson is to replace Lord Levene as the next chairman of Lloyd's. Nelson is a former investment banker and currently chairman of UK property firm, Hammerson. 19 April 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/80aabc94-23f4-44a9-a3c6-816ea528e40chttp://www.barbicaninsurance.com/rssnewsitems/24b2de6a-21e7-4791-939a-31aee3921c62Aon Benfield has created the first ever storm surge model for Germany to help reinsurers quantify risk 14 April 2011 00:00:0060Nigel murchhttp://www.barbicaninsurance.com/rssnewsitems/24b2de6a-21e7-4791-939a-31aee3921c62http://www.barbicaninsurance.com/rssnewsitems/9bf64587-a948-4adf-ab95-99a42392fb86Confidence reported by UK insurers on the industry's readiness for Solvency II has dipped to 43% compared to 63% last year 11 April 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/9bf64587-a948-4adf-ab95-99a42392fb86http://www.barbicaninsurance.com/rssnewsitems/ad5ad583-89bb-4649-ac6e-fe6c37c99961With losses from the Japan disaster approaching $140mn, Validus has said it will no longer be reporting positive net operating income for Q1 this year 8 April 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/ad5ad583-89bb-4649-ac6e-fe6c37c99961http://www.barbicaninsurance.com/rssnewsitems/b9473586-789c-4a19-9f09-f6f7299d2a6cLloyd's new direct insurance operation in China should be writing business by Q3. 5 April 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/b9473586-789c-4a19-9f09-f6f7299d2a6chttp://www.barbicaninsurance.com/rssnewsitems/1ada57c7-3aa0-4d0d-844c-6c459d2e733dLloyd's motor underwriting losses were £520mn last year with gross written premium remaining flat at £1.1bn. 1 April 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/1ada57c7-3aa0-4d0d-844c-6c459d2e733dhttp://www.barbicaninsurance.com/rssnewsitems/e627986d-924b-42d4-b3ec-25d06a51183dAIR's new total loss estimate for the Japan earthquake and tsunami is $20bn - $30bn. 29 March 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/e627986d-924b-42d4-b3ec-25d06a51183dhttp://www.barbicaninsurance.com/rssnewsitems/fb04b773-3d01-49b8-954d-e9560a41375bMoody's has registered a negative outlook for Japan's three major insurers but affirmed their financial ratings28 March 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/fb04b773-3d01-49b8-954d-e9560a41375bhttp://www.barbicaninsurance.com/rssnewsitems/321c50cc-33d3-4ea8-8934-0c8ba11e6534Because there's been no actual declaration of war, insurers might be able to contest political risk claims in Libya 24 March 2011 16:32:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/321c50cc-33d3-4ea8-8934-0c8ba11e6534http://www.barbicaninsurance.com/rssnewsitems/7ec8589c-9564-4753-a8ca-4e5e10c43b6cManaging agency, Whittington, has put up its London operations for sale at $60 million22 March 2011 12:41:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/7ec8589c-9564-4753-a8ca-4e5e10c43b6chttp://www.barbicaninsurance.com/rssnewsitems/8591d850-a5f4-4006-8074-16f7de3cca97The renewal date on accounts exposed to the Japan earthquake may be extended due to post-disaster uncertainty 21 March 2011 10:34:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/8591d850-a5f4-4006-8074-16f7de3cca97http://www.barbicaninsurance.com/rssnewsitems/546adba7-edc0-47f4-b64b-e00256f64b60Chaucer and Alterra have posted revised estimates for NZ and Australia claims18 March 2011 11:02:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/546adba7-edc0-47f4-b64b-e00256f64b60http://www.barbicaninsurance.com/rssnewsitems/13acf266-3f16-4fe2-9e82-406c391e9fcbUS insurer, AIG, says it will pay claims from the Japan earthquake in a timely manner. 14 March 2011 12:42:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/13acf266-3f16-4fe2-9e82-406c391e9fcbhttp://www.barbicaninsurance.com/rssnewsitems/82c8ea00-13d5-4e4f-a6ec-62e722d82074Lloyd's has given approval for Capita Managing Agency to manage a new run-off syndicate, 2255.10 March 2011 10:26:0060Nigel murchhttp://www.barbicaninsurance.com/rssnewsitems/82c8ea00-13d5-4e4f-a6ec-62e722d82074http://www.barbicaninsurance.com/rssnewsitems/494a2553-5818-4f8f-9942-be4a07f6d226Hannover Re's estimate for New Zealand earthquake losses is €150mn while Swiss Re face a $800mn payout8 March 2011 11:27:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/494a2553-5818-4f8f-9942-be4a07f6d226http://www.barbicaninsurance.com/rssnewsitems/5b83ff8d-2dab-428c-9087-825b5bffa089Lloyd's has added Libya to its high risk marine insurance regions7 March 2011 16:55:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/5b83ff8d-2dab-428c-9087-825b5bffa089http://www.barbicaninsurance.com/rssnewsitems/bb0b8f0b-8084-4452-a45a-0e972b6aa8baWith £100m of Advent's cash, Towergate could again be looking at a presence in Lloyd's. 3 March 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/bb0b8f0b-8084-4452-a45a-0e972b6aa8bahttp://www.barbicaninsurance.com/rssnewsitems/c0d307f0-26cd-4049-8c51-cff499fbf19eThe NZ Earthquake Commission's rolling renewal programme means that reinsurers face a long delay in getting losses payback 2 March 2011 10:43:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/c0d307f0-26cd-4049-8c51-cff499fbf19ehttp://www.barbicaninsurance.com/rssnewsitems/e01714ce-a109-4fca-8f85-3f9a194150f2QBE says insurers in Australia and New Zealand will find it difficult to buy reinsurance after recent disasters 28 February 2011 11:35:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/e01714ce-a109-4fca-8f85-3f9a194150f2http://www.barbicaninsurance.com/rssnewsitems/120ee9e0-5071-4142-ae61-d7521d045ffdThe new capital rules are unworkable and need revamping, says Allianz 25 February 2011 11:40:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/120ee9e0-5071-4142-ae61-d7521d045ffdhttp://www.barbicaninsurance.com/rssnewsitems/676881dc-e47a-413d-b2db-3214971690c8Bermuda claims "impressive results" for its insurance market 23 February 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/676881dc-e47a-413d-b2db-3214971690c8http://www.barbicaninsurance.com/rssnewsitems/4c4cddc5-43a2-43cc-a686-7b913f870c28Marsh believes it can capitalise on consolidation opportunities in the current market conditions. 21 February 2011 10:29:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/4c4cddc5-43a2-43cc-a686-7b913f870c28http://www.barbicaninsurance.com/rssnewsitems/4b390f2c-a719-47c1-b583-1e71f7016bcb2 billion Australian dollars is the minimum the country's insurers expect to pay out after the Queensland floods, while Cyclone Yasi could cost another $500 million17 February 2011 10:17:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/4b390f2c-a719-47c1-b583-1e71f7016bcbhttp://www.barbicaninsurance.com/rssnewsitems/4991259b-09fd-4601-9c8d-cd994cb283e4Everest Reinsurance has acquired Premiere Underwriting Services, a Canadian managing general agent specialising in entertainment, sports and leisure related risks. 15 February 2011 10:24:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/4991259b-09fd-4601-9c8d-cd994cb283e4http://www.barbicaninsurance.com/rssnewsitems/32e46775-085a-4a13-9995-d057b2d5d815Transatlantic Re has made a strategic investment in Lloyd's as a corporate name 11 February 2011 11:51:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/32e46775-085a-4a13-9995-d057b2d5d815http://www.barbicaninsurance.com/rssnewsitems/5d29634e-245e-4bcf-985e-d2415dba15ffWillis Group has re-shuffled top executive positions in its reinsurance, wholesale and placement divisions 10 February 2011 12:42:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/5d29634e-245e-4bcf-985e-d2415dba15ffhttp://www.barbicaninsurance.com/rssnewsitems/d61be81e-3c93-44a4-a50d-29920e1584baWhite Mountains Insurance suffered an 80% drop in net profits last year 8 February 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/d61be81e-3c93-44a4-a50d-29920e1584bahttp://www.barbicaninsurance.com/rssnewsitems/6f1d20ac-2331-4b28-adcf-59c8d66e0c66Cyclone Yasi that hit Queensland may cause up to $5bn damage, says risk modelling firm 4 February 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/6f1d20ac-2331-4b28-adcf-59c8d66e0c66http://www.barbicaninsurance.com/rssnewsitems/bbe95063-dbfc-4eb3-be23-8ccb62fd0da9Guernsey does not intend to seek Solvency II equivalence but will concentrate on meeting international standards instead2 February 2011 11:25:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/bbe95063-dbfc-4eb3-be23-8ccb62fd0da9http://www.barbicaninsurance.com/rssnewsitems/9aba0876-7205-4183-8bc8-f6f716bc2338Amlin is set fair to acquire Lead Yacht Underwriters, subject to final FSA approval 31 January 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/9aba0876-7205-4183-8bc8-f6f716bc2338http://www.barbicaninsurance.com/rssnewsitems/2aa423f2-3cf4-4485-92b6-fb9f96b3db5cLloyd's regards Zurich competition greater than Bermuda. 22 January 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/2aa423f2-3cf4-4485-92b6-fb9f96b3db5chttp://www.barbicaninsurance.com/rssnewsitems/59c2df61-5111-43e9-8b8b-00a7ca6e1435Aviation premium written at Lloyd's might be cut back with the market reacting to recent loss-making years 21 January 2011 16:23:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/59c2df61-5111-43e9-8b8b-00a7ca6e1435http://www.barbicaninsurance.com/rssnewsitems/c0725f83-ef48-4473-8b71-6a3592757902Barclays Capital says insured losses from the floods in Australia could be $6 billion or more 21 January 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/c0725f83-ef48-4473-8b71-6a3592757902http://www.barbicaninsurance.com/rssnewsitems/9cf0454c-5979-45fc-a958-a2d3b3ee910fA new service for addressing non-moving claims in the Lloyd's market is now up and running20 January 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/9cf0454c-5979-45fc-a958-a2d3b3ee910fhttp://www.barbicaninsurance.com/rssnewsitems/999ccb10-bdda-4bb4-a70c-8cc02740f177RBS analysts have reduced profit forecasts of four leading Lloyd's insurers by up to 20%13 January 2011 15:59:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/999ccb10-bdda-4bb4-a70c-8cc02740f177http://www.barbicaninsurance.com/rssnewsitems/2ffa2d75-1c7a-4b0a-ac77-9cd268605dd7Both Omega and Chaucer have more than doubled their New Zealand earthquake loss estimates12 January 2011 09:47:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/2ffa2d75-1c7a-4b0a-ac77-9cd268605dd7http://www.barbicaninsurance.com/rssnewsitems/276b3d1e-5fb4-43e2-a7be-73f8e88dcfc7Mapfre Global Risks is leading insurer for the new Spanish communications satellite 5 January 2011 09:06:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/276b3d1e-5fb4-43e2-a7be-73f8e88dcfc7http://www.barbicaninsurance.com/rssnewsitems/59084fa2-85f0-4272-a835-426591eb09a52010 worst year for natural catastrophes since 19805 January 2011 08:41:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/59084fa2-85f0-4272-a835-426591eb09a5http://www.barbicaninsurance.com/rssnewsitems/a5f481e8-1fd0-4f63-8885-d8a86192ed0eSOSCover is the new consortium set up to deliver larger liability limit coverage for US deepwater drilling 5 January 2011 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/a5f481e8-1fd0-4f63-8885-d8a86192ed0ehttp://www.barbicaninsurance.com/rssnewsitems/53f54ad2-fb6f-4144-8737-042354934b5fAon Benfield report higher activity and greater losses compared to the last three years22 December 2010 10:42:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/53f54ad2-fb6f-4144-8737-042354934b5fhttp://www.barbicaninsurance.com/rssnewsitems/0662b3b1-52b6-4853-bceb-e2723c15e48dAlterra has moved the management of two of its Lloyd’s syndicates to Whittington. 20 December 2010 12:09:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/0662b3b1-52b6-4853-bceb-e2723c15e48dhttp://www.barbicaninsurance.com/rssnewsitems/e6b71d96-707a-451b-b979-acff0918d278Lloyd's accounted for over 60% of the increase in business premium income last year contributing to the record £31.9bn total business written by the London insurance market16 December 2010 15:15:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/e6b71d96-707a-451b-b979-acff0918d278http://www.barbicaninsurance.com/rssnewsitems/95eea49a-c6d1-4fa1-bb30-782d446308cdThe £1.2m Stradivarius stolen at Euston was featured in the latest BBC Crimewatch. Canopius and Hiscox are the insurers involved.15 December 2010 10:42:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/95eea49a-c6d1-4fa1-bb30-782d446308cdhttp://www.barbicaninsurance.com/rssnewsitems/2802bb45-54e8-4e23-ae78-fc5713ae1977Recent pressure to 'raise the bar' for new Lloyd's entrants may have paid off. 9 December 2010 17:53:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/2802bb45-54e8-4e23-ae78-fc5713ae1977http://www.barbicaninsurance.com/rssnewsitems/24594d66-4658-477a-a4fe-2711af52f118Over the last 3 years, European windstorms have caused catastrophe losses of 6.5bn euros8 December 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/24594d66-4658-477a-a4fe-2711af52f118http://www.barbicaninsurance.com/rssnewsitems/056566e4-89f4-4f1f-9b73-c27657765807Lloyd’s insurer, Beazley, has been inundated with event cancellation enquiries and claims for attendees and star turns unable to travel7 December 2010 17:49:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/056566e4-89f4-4f1f-9b73-c27657765807http://www.barbicaninsurance.com/rssnewsitems/f60b25b3-b0e2-470b-93bf-691db943bda9Barbican has got conditional Lloyd's and FSA approval to act as Managing Agency for Syndicate 1955 1 December 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/f60b25b3-b0e2-470b-93bf-691db943bda9http://www.barbicaninsurance.com/rssnewsitems/cdc1cc1f-b0ae-4238-bdf1-e236dfbf1af0Munich Re was exposed to €2.4bn of Irish government bonds as of Q3, 2010, accounting for 1.2% of total non-linked assets 1 December 2010 14:21:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/cdc1cc1f-b0ae-4238-bdf1-e236dfbf1af0http://www.barbicaninsurance.com/rssnewsitems/146ed29b-72f6-4b1a-b206-051a4ddfe473Cooper Gay has put off new year float plans, joining Towergate, Giles and Hyperion all going for a 2012 listing 1 December 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/146ed29b-72f6-4b1a-b206-051a4ddfe473http://www.barbicaninsurance.com/rssnewsitems/35401cd3-cae4-4f35-b3ea-2d56be1863d2Catlin has called for debate on the entry of new capital, ensuring strong corporate governance, cost reductions and preserving the Central Fund. 26 November 2010 15:54:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/35401cd3-cae4-4f35-b3ea-2d56be1863d2http://www.barbicaninsurance.com/rssnewsitems/eaf45324-ee39-4dd1-88db-57db03647f4bThe Managing General Agents Association is to be set up to represent UK based underwriting agency businesses. 25 November 2010 11:52:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/eaf45324-ee39-4dd1-88db-57db03647f4bhttp://www.barbicaninsurance.com/rssnewsitems/a3287ea2-bfb5-4f20-99df-dbeae9453172CatCo, the catastrophe reinsurance fund, hopes to list on the Stock Exchange next month. 17 November 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/a3287ea2-bfb5-4f20-99df-dbeae9453172http://www.barbicaninsurance.com/rssnewsitems/a664595d-6aed-44a6-aaea-354cb4fe238fSwiss Re looking to enter India's life and health insurance market 16 November 2010 15:42:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/a664595d-6aed-44a6-aaea-354cb4fe238fhttp://www.barbicaninsurance.com/rssnewsitems/539af0d0-0187-436a-82d6-927b23b65992Hardy expecting satisfactory 2010 results. Catlin see rates dip but premiums rise12 November 2010 10:56:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/539af0d0-0187-436a-82d6-927b23b65992http://www.barbicaninsurance.com/rssnewsitems/413eb861-fdbd-4593-bab0-bcebaee17fd8After Munich Re, Germany's Allianz SE and Hannover Re now forecast healthy profits for this year following a strong third quarter. 10 November 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/413eb861-fdbd-4593-bab0-bcebaee17fd8http://www.barbicaninsurance.com/rssnewsitems/7e7abd68-b9f8-4561-838d-b12edfbec766R&Q Managing Agency has got official Lloyd's approval for new Skuld Syndicate 1897.8 November 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/7e7abd68-b9f8-4561-838d-b12edfbec766http://www.barbicaninsurance.com/rssnewsitems/856c0d12-7191-4b3a-8d5e-09c6013b53f6Jim Summers joins as head of marine and energy having just resigned from Cooper Gay.8 November 2010 12:01:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/856c0d12-7191-4b3a-8d5e-09c6013b53f6http://www.barbicaninsurance.com/rssnewsitems/b03a9992-bd0c-45f0-b9ca-dab5c57f1c79Lloyd’s is to open a representative office in Russia next year. 8 November 2010 11:29:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/b03a9992-bd0c-45f0-b9ca-dab5c57f1c79http://www.barbicaninsurance.com/rssnewsitems/29d7aca5-04f7-43c0-9ece-326e8dee8ea2QBE has got official go-ahead to acquire Belgian reinsurer, Secura NV. 27 October 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/29d7aca5-04f7-43c0-9ece-326e8dee8ea2http://www.barbicaninsurance.com/rssnewsitems/e4781add-bcd3-4bb0-9eda-4627e8c1ff80 Willis Re reckons more insurers will not pass the latest S11 test than the previous one which 11% failed. 27 October 2010 11:29:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/e4781add-bcd3-4bb0-9eda-4627e8c1ff80http://www.barbicaninsurance.com/rssnewsitems/a5e22bf5-795f-48cd-819c-96ffb899cfcc Swiss insurers have to comply with tough new capital rules by the end of this year. 22 October 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/a5e22bf5-795f-48cd-819c-96ffb899cfcchttp://www.barbicaninsurance.com/rssnewsitems/23cbce9b-ced0-4114-b0b2-067f6b6cf52c Brit Insurance, sponsors of England's cricket team, to succumb to formal takeover bid. 25 October 2010 10:51:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/23cbce9b-ced0-4114-b0b2-067f6b6cf52chttp://www.barbicaninsurance.com/rssnewsitems/061fd5cd-5512-4f55-bfc0-aafc53698961Insured losses from the Deepwater Horizon disaster could finally amount to $6 billion. 21 October 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/061fd5cd-5512-4f55-bfc0-aafc53698961http://www.barbicaninsurance.com/rssnewsitems/fb7eeca4-e48e-4b33-b21d-194a71f5e483 Ron Sandler, Lloyd's chief exec in the mid 90's, has turned down the post of chairman when Lord Levene steps down next year. 19 October 2010 11:41:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/fb7eeca4-e48e-4b33-b21d-194a71f5e483http://www.barbicaninsurance.com/rssnewsitems/819536a8-27de-4519-8730-e8592758cf8f Allen Stanford cannot access $100m Lloyd’s insurance coverage to pay for lawyers' bill. 14 October 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/819536a8-27de-4519-8730-e8592758cf8fhttp://www.barbicaninsurance.com/rssnewsitems/7620adaf-3110-40bf-bfd0-f7dbd211ea0b White Mountains Re is thought to be applying to launch a Lloyd's syndicate in January. 12 October 2010 13:08:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/7620adaf-3110-40bf-bfd0-f7dbd211ea0bhttp://www.barbicaninsurance.com/rssnewsitems/828da8a5-a009-4bff-86a4-c1d181f585d8 Hardy Underwriting has set up a Singapore office within the Lloyd's Asia platform to open in December this year. 12 October 2010 12:42:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/828da8a5-a009-4bff-86a4-c1d181f585d8http://www.barbicaninsurance.com/rssnewsitems/ce9a9c59-80f4-4d81-bbcb-824cc2045d9fHastings is planning to float by 2012, anticipating £250m premium income in the process. 8 October 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/ce9a9c59-80f4-4d81-bbcb-824cc2045d9fhttp://www.barbicaninsurance.com/rssnewsitems/3f436f13-d816-413e-ad7a-39a584d69e5a Omega's energy team has departed en masse after senior management informed its underwriters that the business book was to be cut back. 6 October 2010 16:24:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/3f436f13-d816-413e-ad7a-39a584d69e5ahttp://www.barbicaninsurance.com/rssnewsitems/c92bda61-62ca-478a-a83d-952ccf780dd8 Catastrophe bonds have risen to their highest level since 2005, the year of Hurricane Katrina. 6 October 2010 12:21:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/c92bda61-62ca-478a-a83d-952ccf780dd8http://www.barbicaninsurance.com/rssnewsitems/70d79881-e2c1-4ca1-9920-414b87dbd9e9Lloyd’s Chairman, Peter Levene, has warned that excess scrutiny by the regulators risks hindering London’s competitiveness with China.1 October 2010 12:45:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/70d79881-e2c1-4ca1-9920-414b87dbd9e9http://www.barbicaninsurance.com/rssnewsitems/4cb7c53b-b8dc-4e31-b0e6-a635046d1e00Lloyd's could place limits on business and capital plans of those managing agents behind in their readiness for Solvency II. 1 October 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/4cb7c53b-b8dc-4e31-b0e6-a635046d1e00http://www.barbicaninsurance.com/rssnewsitems/c8f8394f-f208-4756-8195-dd3ee1a4d331 Norwegian insurer, Skuld, has got Lloyd's approval to launch its new marine and energy Syndicate 1897. It will begin underwriting in January with a start-up capacity of £60mn. 28 September 2010 11:45:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/c8f8394f-f208-4756-8195-dd3ee1a4d331http://www.barbicaninsurance.com/rssnewsitems/ddddccd1-ef99-4f9f-98e3-2e5d10cad6ac Lloyd’s insurers are not providing cover for cancellation or disruption of the Commonwealth Games in New Delhi because of insufficient information about infrastructure, safety standards and security threats. 28 September 2010 11:16:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/ddddccd1-ef99-4f9f-98e3-2e5d10cad6achttp://www.barbicaninsurance.com/rssnewsitems/74bc98f2-a84a-4243-bf71-63855af9a11d In a year when no market changing event has given rise to additional capacity, the cat bond market will end with the strongest issuance total yet. 24 September 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/74bc98f2-a84a-4243-bf71-63855af9a11dhttp://www.barbicaninsurance.com/rssnewsitems/8c961b5f-9d7f-4dd3-a1ca-724cf95c4dae Experts have increased their forecast for major hurricanes this season after 'Julia' and 'Karl' surprised them by developing into major storms. 24 September 2010 12:34:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/8c961b5f-9d7f-4dd3-a1ca-724cf95c4daehttp://www.barbicaninsurance.com/rssnewsitems/73e5ecb3-7006-4711-84f4-e9f362606da3 Lloyd’s has made Pat Talley regional director of its Central US region, responsible for the Illinois and Kentucky offices and market development in other states. 22 September 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/73e5ecb3-7006-4711-84f4-e9f362606da3http://www.barbicaninsurance.com/rssnewsitems/d7aca11c-f6b2-4b8b-a446-ae16e5150693According to AIR Worldwide, Hurricane Karl’s damage in Mexico may end up costing insurers $200m. Karl hit Mexico for the second time on 17th September as a Category 3 storm.22 September 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/d7aca11c-f6b2-4b8b-a446-ae16e5150693http://www.barbicaninsurance.com/rssnewsitems/1cc98ffa-d601-4bdd-b9ef-2545ae51db3f Steve Roder, former finance chief at AIA, is seeking funds to launch a new reinsurer based in Hong Kong. 20 September 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/1cc98ffa-d601-4bdd-b9ef-2545ae51db3fhttp://www.barbicaninsurance.com/rssnewsitems/52e73f24-8504-4ac5-82f5-83dd512bf417 London remains the preferred location for insurers and reinsurers when it comes to deciding domiciles. Recent research shows that access to markets is the main criteria. 17 September 2010 12:28:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/52e73f24-8504-4ac5-82f5-83dd512bf417http://www.barbicaninsurance.com/rssnewsitems/83220490-6652-4932-a81b-c5793d1587edHiscox has pulled out of two US lines with combined income of nearly $20m in 2009. Only a month ago, Amlin closed their US operations in Chicago.15 September 2010 10:54:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/83220490-6652-4932-a81b-c5793d1587edhttp://www.barbicaninsurance.com/rssnewsitems/c2fcaea3-c171-473c-aa4e-98e69df1690f Swiss Re claims low investment returns are eating into earnings because of overcapacity in the market. 13 September 2010 15:03:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/c2fcaea3-c171-473c-aa4e-98e69df1690fhttp://www.barbicaninsurance.com/rssnewsitems/1ad96d39-7329-46ae-8e0e-67fc5d4aeb32According to Standard and Poor’s, more reinsurers are now worried about Bermuda’s status as regards US tax legislation and looking to find a home in Europe instead. 13 September 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/1ad96d39-7329-46ae-8e0e-67fc5d4aeb32http://www.barbicaninsurance.com/rssnewsitems/20fbd323-8d19-4edf-a036-adfd4199cc2eA single catastrophe event leading to a $50bn net loss to the US insurance industry would be enough to turn the soft market this year, according to Aon Benfield co-CEO Dominic Christian.8 September 2010 13:19:0060Chris Goughhttp://www.barbicaninsurance.com/rssnewsitems/20fbd323-8d19-4edf-a036-adfd4199cc2ehttp://www.barbicaninsurance.com/rssnewsitems/0493b291-d30f-4a0c-9517-cb6a19157a5bThe massive earthquake that hit New Zealand last Friday could well become the largest insured loss in several decades for the country, sources have warned.8 September 2010 13:19:0060Chris Goughhttp://www.barbicaninsurance.com/rssnewsitems/0493b291-d30f-4a0c-9517-cb6a19157a5bhttp://www.barbicaninsurance.com/rssnewsitems/c57ee2e8-bc9c-4faf-af7a-c6c6785458fbFears about possible large exposures to Hurricane Earl were relieved when it made landfall in Eastern Canada.7 September 2010 11:06:0060Chris Goughhttp://www.barbicaninsurance.com/rssnewsitems/c57ee2e8-bc9c-4faf-af7a-c6c6785458fbhttp://www.barbicaninsurance.com/rssnewsitems/42e51b5b-b7f5-4fde-9fb1-6d700f69f09fEquity Development reckon Lloyd's syndicates apparently most exposed to risk from Hurricane Earl "are the three side-car syndicates 6103 (MAP), 6104 (Hiscox) and 6106 (Amlin).3 September 2010 11:04:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/42e51b5b-b7f5-4fde-9fb1-6d700f69f09fhttp://www.barbicaninsurance.com/rssnewsitems/9f0f49cd-e7a3-4f3a-bb18-f8d9faa7180fJust a few months after joining as their new CEO, Clive Buesnel has resigned from Jubilee. The group writes motor, property, personal lines and life business with a total capacity of around £170m.2 September 2010 11:27:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/9f0f49cd-e7a3-4f3a-bb18-f8d9faa7180fhttp://www.barbicaninsurance.com/rssnewsitems/cb3e7bbd-d4b0-480d-adf2-abcd4913d292Former head of Prudential and AXA, Mark Wood, has been signed up by Lloyd's insurer Chaucer as a non-executive director. He joins the audit, remuneration and nomination committees. 2 September 2010 10:56:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/cb3e7bbd-d4b0-480d-adf2-abcd4913d292http://www.barbicaninsurance.com/rssnewsitems/d8541b93-0b76-4d44-8b09-62b0e2de8f74 The US East Coast has only a day or so to get ready for a possible strike by Hurricane Earl. The storm has already delayed flights in the Caribbean and halted ship loading at a refinery in the US Virgin Islands. 31 August 2010 10:30:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/d8541b93-0b76-4d44-8b09-62b0e2de8f74http://www.barbicaninsurance.com/rssnewsitems/cec053eb-baf2-4a35-8938-6d2068c10207Concerned about some managing agents' ability to implement Solvency II, Lloyd's has given six of them a 'red alert' warning following the setting up of a colour code system designed to rank how ready they are.26 August 2010 15:41:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/cec053eb-baf2-4a35-8938-6d2068c10207http://www.barbicaninsurance.com/rssnewsitems/f91675d8-cdb6-4d99-a9f4-c53236524a45 The FSA is undertaking a Section 166 investigation into Lloyd's underwriter, Equity Red Star, over its reporting of bodily injury claims. 23 August 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/f91675d8-cdb6-4d99-a9f4-c53236524a45http://www.barbicaninsurance.com/rssnewsitems/918ae269-9da4-4816-a63a-5bfd8f5f0014 A new set of investors is being attracted to the catastrophe bond market, according to Aon Benfield Securities, with many of these buyers being institutional investors and pension funds. 20 August 2010 12:47:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/918ae269-9da4-4816-a63a-5bfd8f5f0014http://www.barbicaninsurance.com/rssnewsitems/46eaed3f-0e47-41de-8bb0-328af031e733Fitch Ratings says all the European insurers it measures could withstand the shock of Greece defaulting on government debt after it carried out a "stress test" based on such a scenario. It has not changed any of their ratings. 19 August 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/46eaed3f-0e47-41de-8bb0-328af031e733http://www.barbicaninsurance.com/rssnewsitems/ea065b8e-aa19-4a14-a62d-1202d39eb04d After less than two years in business, Amlin has closed its US platform. The (re)insurer was the first Lloyd's agency to establish a representative office in Illinois and specialised in property, casualty, auto and marine cargo business, 19 August 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/ea065b8e-aa19-4a14-a62d-1202d39eb04dhttp://www.barbicaninsurance.com/rssnewsitems/95825233-6fa7-4e62-b3fd-7611aed6cc1b Chartis broked the $30m hull cover for the Aires Boeing 737-700 that split in two landing in Columbia on 16th August. There were 121 people passengers and six crew on board but only two fatalities originally reported. 17 August 2010 13:31:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/95825233-6fa7-4e62-b3fd-7611aed6cc1bhttp://www.barbicaninsurance.com/rssnewsitems/13b05915-60d4-40cf-bffd-235c0e12a342 Hiscox is to provide 25% of Dual International's global capacity in a partnership deal with the underwriting division of the Hyperion Insurance Group. 13 August 2010 10:55:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/13b05915-60d4-40cf-bffd-235c0e12a342http://www.barbicaninsurance.com/rssnewsitems/f59774d0-d425-4cf7-ab5e-75a9fb03bb4dWith Russian farmers having to cope with poor wheat harvests in particular, Swiss Re expects the current drought conditions to spark more interest in the country's new crop insurance market.11 August 2010 11:07:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/f59774d0-d425-4cf7-ab5e-75a9fb03bb4dhttp://www.barbicaninsurance.com/rssnewsitems/cc9a0bec-f3eb-4372-a9ba-212d5c97ccf0 So far, only three Lloyd's syndicates with third-party capital are known to be looking at cutting their capacity for 2011. 10 August 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/cc9a0bec-f3eb-4372-a9ba-212d5c97ccf0http://www.barbicaninsurance.com/rssnewsitems/94f43b24-f946-4889-84a0-850eb41a05f4Despite the catastrophe toll of recent months, Swiss Re has managed to return impressive figures for this year, with a net income of $812m in the second quarter. Novae has also performed well with a half year pre-tax profit of £13.6m.6 August 2010 13:17:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/94f43b24-f946-4889-84a0-850eb41a05f4http://www.barbicaninsurance.com/rssnewsitems/8b399945-2e46-4221-912c-7d9e1b3079dfGlobal insurance risk underwriter, Catlin, has revealed record first half losses while profit figures for Hardy Underwriting are also down, by 70%. Both companies have been hit hard by recent world catastrophes.6 August 2010 12:14:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/8b399945-2e46-4221-912c-7d9e1b3079dfhttp://www.barbicaninsurance.com/rssnewsitems/7baaca28-57f5-4c59-bf9b-2a20a14ee302 Paul Evans, former chief executive of AXA Life, has been put in overall charge of the group’s UK business following the sale of its legacy life business to Resolution in June. The current CEO, Nicolas Moreau, is leaving to take the top job in Axa France. 4 August 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/7baaca28-57f5-4c59-bf9b-2a20a14ee302http://www.barbicaninsurance.com/rssnewsitems/55a2dd55-4879-47ea-98e9-2d341df9a77d Premiums to cover against Somali piracy have fallen because more insurers are now offering cover. Buying $5m of coverage currently costs as little as $15,000 per voyage, half the peak rate in 2008. 3 August 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/55a2dd55-4879-47ea-98e9-2d341df9a77dhttp://www.barbicaninsurance.com/rssnewsitems/eea6dcb6-b6f5-4c37-96b0-d3731c0994b3If Congress allows the current federal terrorism insurance backstop to expire, an alternative government-backed scheme must be put in place, the Risk & Insurance Management Society Inc. has warned the Obama administration. 3 August 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/eea6dcb6-b6f5-4c37-96b0-d3731c0994b3http://www.barbicaninsurance.com/rssnewsitems/771c2394-dcb7-421c-a2b0-60194eef9201 Losses from the Deepwater Horizon oil rig disaster will not have the same impact on the upstream energy insurance market as Hurricane Katrina in 2005, so claims insurance broker, Marsh, in its latest report. 29 July 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/771c2394-dcb7-421c-a2b0-60194eef9201http://www.barbicaninsurance.com/rssnewsitems/23c0627b-a692-4e11-84a8-60ca751b8d3cUS private equity firm, Apollo Management, is moving nearer to its takeover goal with Brit agreeing to access to its books and considering an increased offer of £10.75 a share.29 July 2010 12:53:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/23c0627b-a692-4e11-84a8-60ca751b8d3chttp://www.barbicaninsurance.com/rssnewsitems/551f3d37-f85f-492e-8c7c-a168429e2ca2 Lloyd’s of London insurer, Beazley, report its first-half profit has more than tripled on higher sales and a foreign-exchange gain. Net income climbed to $97.9 million in the six months to June 30 from $31.2 million a year earlier. 28 July 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/551f3d37-f85f-492e-8c7c-a168429e2ca2http://www.barbicaninsurance.com/rssnewsitems/025631d0-ee7d-43c6-aee7-0e0d2a5a8aaeA tough 12 month deadline has been set by the Chinese authorities for Lloyd's to establish its underwriting platform there. As chief information officer, Peter Hambling, said: "It's a very exciting opportunity for Lloyd's but it is also a challenging one. Were going to have to set this up more quickly than anyone has done before."22 July 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/025631d0-ee7d-43c6-aee7-0e0d2a5a8aaehttp://www.barbicaninsurance.com/rssnewsitems/e33e5393-e9bf-4a2b-8aaf-e7472f0bd6dfAs a further endorsement of its campaign against contingent commissions, Willis has got leading law firm, Edwards Angell Palmer & Dodge, to issue a white paper highlighting conflicts of interest created by such payments.22 July 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/e33e5393-e9bf-4a2b-8aaf-e7472f0bd6dfhttp://www.barbicaninsurance.com/rssnewsitems/7f3c22cb-8469-4b96-a38b-ad6abe4f3c71Adrian Stewart, ex MD at Guy Carpenter, is being signed up by Miller to spearhead its property reinsurance business. He will be joined by Nick Pomeroy, also previously a senior figure at Guy Carpenter, and industry loss warranty specialist Jeremy Crowch.22 July 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/7f3c22cb-8469-4b96-a38b-ad6abe4f3c71http://www.barbicaninsurance.com/rssnewsitems/b8968965-f785-4266-90bc-288106879700 In the wake of the revised moratorium on deep water drilling in US waters issued by the Obama administration, the insurance market is likely to back the latest suspension due to run up to the end of November. This certainly the opinion of Munich Re's Watkins syndicate who see the safety of the oil industry as being the paramount criteria. 20 July 2010 12:25:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/b8968965-f785-4266-90bc-288106879700http://www.barbicaninsurance.com/rssnewsitems/ec97802b-30ba-40bb-93f0-7dd9ec921915 Insurance and reinsurance brokers, BMS, have entered discussions with Lloyd's about a new syndicate to start in January 2011 with an initial capacity of £60m underwriting a broad property and casualty book. This would be the first time a broker had managed to set up a syndicate at Lloyd's since the !982 Lloyd's Act. 20 July 2010 11:57:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/ec97802b-30ba-40bb-93f0-7dd9ec921915http://www.barbicaninsurance.com/rssnewsitems/a398023d-0c18-4929-ba2e-ca8821e01e28 With Lloyd's now having admitted reinsurer status in Roi de Janeiro, Navigators Syndicate 1221 has appointed a local representative in Brazil. This follows close on the heels of Chaucer's recent announcement about opening a new office in Buenos Aires, Argentina, later this year. 20 July 2010 11:15:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/a398023d-0c18-4929-ba2e-ca8821e01e28http://www.barbicaninsurance.com/rssnewsitems/6b87da8b-e3ab-459a-9893-6f0918416251Reuters reports that the following the Deepwater Horizon oil spill, the EU may consider new rules limiting the depth of deepwater oil drilling. In addition, the EU Energy Commissioner has called for further compulsory insurance for oil companies.13 July 2010 15:01:0060Chris Goughhttp://www.barbicaninsurance.com/rssnewsitems/6b87da8b-e3ab-459a-9893-6f0918416251http://www.barbicaninsurance.com/rssnewsitems/9c830f8b-9389-4882-9c49-791433cb30c2Claiming “materially misleading statements and omissions” made by Goldman Sachs during stock offers for Fannie Mae shares, US insurance giant Liberty Mutual wants over $60M compensation from the bank for losses after Fannie Mae was effectively nationalised.13 July 2010 15:05:0060Chris Goughhttp://www.barbicaninsurance.com/rssnewsitems/9c830f8b-9389-4882-9c49-791433cb30c2http://www.barbicaninsurance.com/rssnewsitems/d2b91b20-5e17-4521-8b92-f604460d5378Lloyd’s CEO Richard Ward foresees the cost of insurance coverage for offshore oil rigs in the Gulf of Mexico rising by up to 30% in the wake of the Deepwater Horizon spill. Speaking on Bloomberg Television, Ward said that premiums for offshore installation cover had been too low for “many, many years”. 13 July 2010 15:07:0060Chris Goughhttp://www.barbicaninsurance.com/rssnewsitems/d2b91b20-5e17-4521-8b92-f604460d5378http://www.barbicaninsurance.com/rssnewsitems/a08f3ecd-8f1a-406e-8f8e-b45b23f55d0fWith Barack Obama imposing new sanctions against Iran, Lloyd's will need to get its members to comply with US ruling. Those sanctions are aimed mainly at companies providing Iran with petroleum and the underwriters of such shipments.6 July 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/a08f3ecd-8f1a-406e-8f8e-b45b23f55d0fhttp://www.barbicaninsurance.com/rssnewsitems/4d2f75f3-50bd-4748-9575-59e612ab5be5Lloyd's cover holder status has been gained by Policyfast. This not only means a London base for the wholesale broker but also involves the acquisition of an underwriting team from Stevenson Price.6 July 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/4d2f75f3-50bd-4748-9575-59e612ab5be5http://www.barbicaninsurance.com/rssnewsitems/e5e44526-755e-41ee-a2c9-1ed986935f1b £200mn is the likely upper limit of insured losses from Hurricane Alex. That's according to modelling experts, AIR Worldwide, who have based their calculations on the limited population and insurance penetration in those parts of Mexico that have been mainly affected. 2 July 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/e5e44526-755e-41ee-a2c9-1ed986935f1bhttp://www.barbicaninsurance.com/rssnewsitems/32c75943-b016-4dfa-828c-7a771ee48f0eQuoting "anticipated market conditions", the Hiscox Syndicate 33 at Lloyd's will be cutting back its capacity by some 10% in 2011.2 July 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/32c75943-b016-4dfa-828c-7a771ee48f0ehttp://www.barbicaninsurance.com/rssnewsitems/446af3b8-066d-4534-9793-13f773ea0908 Now Catlin has followed recent moves by Quinn—and more recently, Hiscox—in withdrawing from the solicitors' professional indemnity sector. The Bermuda insurer referred to the same "major problems in the marketplace which have been cited by other insurers". Zurich has confirmed it will continue to operate in this sector. 1 July 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/446af3b8-066d-4534-9793-13f773ea0908http://www.barbicaninsurance.com/rssnewsitems/7a25ad87-f47c-4321-89c8-0d305ea6b040With investors reckoning on the buy out by Apollo being successful, Brit Insurance's 6.625% subordinated debt issue has now dipped noticeably from the price it was at the time the bid was first announced.28 June 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/7a25ad87-f47c-4321-89c8-0d305ea6b040http://www.barbicaninsurance.com/rssnewsitems/046d781a-d570-44b2-aec4-bee7ef3884bb With all the pundits predicting above-average activity for the upcoming hurricane season, catastrophe bonds have been hit badly. The recognised benchmark for this, the Swiss Re Cat Bond Price Return Index, has fallen for five consecutive weeks—and is as low as it was last October. 26 June 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/046d781a-d570-44b2-aec4-bee7ef3884bbhttp://www.barbicaninsurance.com/rssnewsitems/6e2648e0-e2d9-4ba1-8c1b-da94d745b937 Betting against France has stopped Warren Buffett having to pay out $30 million after the team went out of the World Cup. That was the cost had France gone on to win the tournament in South Africa. It was Ajit Jain, head of Berkshire Reinsurance Group, who actually sold the contract. 23 June 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/6e2648e0-e2d9-4ba1-8c1b-da94d745b937http://www.barbicaninsurance.com/rssnewsitems/dfbd6838-ad25-4287-93f7-13c7e618fef7 Brit Insurance's major shareholders have lobbied the Lloyd's insurer to go back to Apollo for a better offer than the £770m bid made earlier this month by the US private equity operation. 21 June 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/dfbd6838-ad25-4287-93f7-13c7e618fef7http://www.barbicaninsurance.com/rssnewsitems/44042f9d-44a7-4884-aa08-45566fa63eddSpecialist Lloyd’s insurer, Argo International, has made an innovative move with the addition of the entertainment business to its underwriting portfolio.16 June 2010 17:35:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/44042f9d-44a7-4884-aa08-45566fa63eddhttp://www.barbicaninsurance.com/rssnewsitems/606b6cb7-fb90-439d-b83e-da2c1cc6ae5bA strategic energy alliance for the Latin American market has been put together by Lloyd’s insurer, Chaucer, with Boots & Coots, the well control company and insurance brokers, Mexbrit and Global Special Risks.15 June 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/606b6cb7-fb90-439d-b83e-da2c1cc6ae5bhttp://www.barbicaninsurance.com/rssnewsitems/40a32098-9a3a-4d85-b58b-a7a568eb3e8bAgainst the background of a forecasted above-average hurricane season, the windstorm insurance pool sponsored by the state of Massachusetts has given the go-ahead for Munich Re to launch a $100m cat bond.15 June 2010 17:04:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/40a32098-9a3a-4d85-b58b-a7a568eb3e8bhttp://www.barbicaninsurance.com/rssnewsitems/0fe0373b-42d1-4d76-83cd-f9548742310bA £1.4m investment is being put into Lloyd’s insurance and reinsurance broker, NCG Professional Risks. The cash is from BP Marsh, who has acquired a 30% stake in NCG holding company, US Risk (UK) Ltd.10 June 2010 13:25:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/0fe0373b-42d1-4d76-83cd-f9548742310bhttp://www.barbicaninsurance.com/rssnewsitems/dddd466d-efb6-4cba-979f-6261b66749e8Zurich UK’s chief executive, Stephen Lewis, has reshuffled his top team with key changes in the finance and claims departments.

He has also recruited Aviva's former director of marketing and communications, Kay Martin, to become chief marketing officer and head of UKGI strategy as from the 1st June.9 June 2010 13:21:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/dddd466d-efb6-4cba-979f-6261b66749e8http://www.barbicaninsurance.com/rssnewsitems/89a603f5-7a75-400e-af02-101241d92ba2Lloyd’s of London reckons the World Cup has been insured for at least £6.2bn in total. All the stadia and training venues are covered for about £3.2bn with the myriad promotional enterprises linked to the whole event accounting for the rest.8 June 2010 13:17:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/89a603f5-7a75-400e-af02-101241d92ba2http://www.barbicaninsurance.com/rssnewsitems/de2e4210-912b-4749-8d8e-34f185f8d83cAmerican giant takes ‘natural step’ to trading as a fully-fledged syndicate.4 June 2010 11:55:0060Chris Goughhttp://www.barbicaninsurance.com/rssnewsitems/de2e4210-912b-4749-8d8e-34f185f8d83chttp://www.barbicaninsurance.com/rssnewsitems/8a456871-d696-4955-9264-89dac858eb69Speculation as to the ‘insured risk’ value of the England World Cup squad in South Africa puts the ‘resale value’ of the 23 stars at £293 million—but that’s probably not the total exposure faced by the London market.4 June 2010 11:53:0060Chris Goughhttp://www.barbicaninsurance.com/rssnewsitems/8a456871-d696-4955-9264-89dac858eb69http://www.barbicaninsurance.com/rssnewsitems/393352d8-4370-4960-a4c4-80443efe0ca1Prudential chief executive Tidjane Thiam is in touch with all key Prudential investors following the withdrawal of the Pru’s reduced $30.4bn bid for AIG’s Asian operation, seeking to calm fears and settle uncertainty.4 June 2010 11:50:0060Chris Goughhttp://www.barbicaninsurance.com/rssnewsitems/393352d8-4370-4960-a4c4-80443efe0ca1http://www.barbicaninsurance.com/rssnewsitems/4749556f-0dac-49c2-883a-749cfe90ef16The Serious Fraud Office has dropped its investigation into the now defunct UK arm of AIG Financial Products. It has spent the last year or so looking into possible “criminal conduct” at the time of the division writing off massive toxic mortgage debts.27 May 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/4749556f-0dac-49c2-883a-749cfe90ef16http://www.barbicaninsurance.com/rssnewsitems/df53ed86-bda3-447c-aa22-fd2a42ee0e87Describing the combining of AIA’s two Asian businesses as ‘unworkable’ chief executive, Mark Wilson, means to quit if Prudential’s $35.5bn takeover is successful.26 May 2010 15:38:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/df53ed86-bda3-447c-aa22-fd2a42ee0e87http://www.barbicaninsurance.com/rssnewsitems/465231bd-9303-437b-8788-0621b2e6159bCEO, Richard Ward, has reported that the Chilean earthquake and Gulf of Mexico explosion will have limited impact on Lloyd’s capital--with no central fund exposure from these two events.26 May 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/465231bd-9303-437b-8788-0621b2e6159bhttp://www.barbicaninsurance.com/rssnewsitems/4e0cde89-cfeb-456d-9b4b-baa4d0ace679Insurance companies have notched up a total of $5 billion in sold policies associated with the World Cup in South Africa this summer.19 May 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/4e0cde89-cfeb-456d-9b4b-baa4d0ace679http://www.barbicaninsurance.com/rssnewsitems/4b8a0bdd-413b-4c09-b3a6-b4767f6b8135Richard Ward, Lloyd’s supremo, claims that if another major disaster hits it the insurance industry could go into the red this year.19 May 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/4b8a0bdd-413b-4c09-b3a6-b4767f6b8135http://www.barbicaninsurance.com/rssnewsitems/2a79840b-2ad8-47e7-a4b6-e9fbde6e7869On May 10, Barbican opened the doors at its new premises, 33 Gracechurch Street. The company's progress since its launch in 2007 has seen it outgrow the start-up premises at no.1 Cornhill.10 May 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/2a79840b-2ad8-47e7-a4b6-e9fbde6e7869http://www.barbicaninsurance.com/rssnewsitems/e634c0e8-abfe-46cd-9e3e-0a036ea26a1aSwiss company, Transocean, owner of the Gulf of Mexico oil-rig contracted by BP, has posted official warning of some major repercussions from the disaster of 20th April.10 May 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/e634c0e8-abfe-46cd-9e3e-0a036ea26a1ahttp://www.barbicaninsurance.com/rssnewsitems/221544c9-4d4f-4cb4-a7c5-537ff53ba295The Gulf of Mexico oil disaster has hit Catlin hard. The Lloyd’s of London insurer reported that their own liabilities are likely to reach the $40million mark.10 May 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/221544c9-4d4f-4cb4-a7c5-537ff53ba295http://www.barbicaninsurance.com/rssnewsitems/c3ab2a02-f170-4bdd-95a8-361d03ae1192In the US, CRC Insurance Services are reported to have suffered a mass exodus of some 200 employees joining start-up operation, Ryan Specialty.10 May 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/c3ab2a02-f170-4bdd-95a8-361d03ae1192http://www.barbicaninsurance.com/rssnewsitems/8f72e572-76e7-4a92-bba4-1196dd7b0a6fRecent talks between the Pru and the FSA have pointed to a new way forward after the £14bn rights issue was rejected.11 May 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/8f72e572-76e7-4a92-bba4-1196dd7b0a6fhttp://www.barbicaninsurance.com/rssnewsitems/e750ae88-9d2a-4c5b-80bd-2a3690de2b5fDespite all its debts, AIG new chief, Robert Benmosche, has reassured shareholders the company can pay back all its obligations and still continue in profit.14 May 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/e750ae88-9d2a-4c5b-80bd-2a3690de2b5fhttp://www.barbicaninsurance.com/rssnewsitems/73bdaa57-d9f1-4527-b9b1-f5bf3c73d031The UK Listing Authority, part of the FSA, has been approached by Brit Insurance to look into the leaking of news of a £785m takeover bid from Apollo, the US private equity group.18 June 2010 00:00:0060Nigel Murchhttp://www.barbicaninsurance.com/rssnewsitems/73bdaa57-d9f1-4527-b9b1-f5bf3c73d031