Insurance in the United Kingdom

Costero Brokers Ltd. Hires Rob Withers

Retrieved on: 
Thursday, July 8, 2021
Economy of London, Insurance in the United Kingdom, Lloyd's of London, Reinsurance, Broker, Service industries

LONDON, July 8, 2021 /PRNewswire/ -- Costero Brokers Ltd., a privately held London-based brokerage, is delighted to announce that Rob Withers has joined as a Divisional Director.

Key Points: 
  • LONDON, July 8, 2021 /PRNewswire/ -- Costero Brokers Ltd., a privately held London-based brokerage, is delighted to announce that Rob Withers has joined as a Divisional Director.
  • This will be an excellent fit for all concerned, both in London and throughout the United States," said Rob Withers, Vice President of Costero Brokers.
  • "Rob has over 20 plus years' industry experience and I am pleased to welcome him into the team," said Nick Murrell, Managing Director of Costero Brokers.
  • Costero Brokers Ltd. is now a multi-class Lloyd's of London broker and is looking to expand into additional specialist areas with the hiring of individuals and teams.

Hardman & Co Research : Hardman & Co Video Event | Helios Underwriting Plc - Investor Forum

Retrieved on: 
Wednesday, April 28, 2021
Economy of London, Insurance in the United Kingdom, Lloyd's of London, Reinsurance, Underwriting, XC2, Service industries

b"We are delighted to announce that Helios Underwriting Plc will be presenting at our next Investor Forum on Wednesday 12 May at 3:00pm.

Key Points: 
  • b"We are delighted to announce that Helios Underwriting Plc will be presenting at our next Investor Forum on Wednesday 12 May at 3:00pm.
  • Helios is an AIM-listed investment company (market cap: \xc2\xa360m) which offers growth and returns by building a portfolio of underwriting capacity at Lloyd's by acquiring high quality Limited Liability Vehicles (LLVs).
  • All investors, whether existing shareholders or not, are invited to watch the presentation and take part in the Q&A session afterwards.
  • Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services.

Charles Taylor Adjusting Grows U.S. Footprint Through Acquisition of Syndicate Claim Services, Inc.

Retrieved on: 
Tuesday, April 13, 2021
Insurance, Professional services, Insurance, Financial services, Types of insurance, Economy of London, Insurance in the United Kingdom, Lloyd's of London, Reinsurance, General insurance, Claims adjuster

b"Charles Taylor, a provider of insurance services, claims solutions and technology platforms to the global insurance market, announced today that it has acquired Syndicate Claim Services, Inc. (Syndicate), an independent adjusting and claims services business, based in Indianapolis, Indiana.

Key Points: 
  • b"Charles Taylor, a provider of insurance services, claims solutions and technology platforms to the global insurance market, announced today that it has acquired Syndicate Claim Services, Inc. (Syndicate), an independent adjusting and claims services business, based in Indianapolis, Indiana.
  • Syndicate is a trusted service provider to insurance clients looking for high quality loss adjusting, claims, and catastrophe services throughout the United States.\n\xe2\x80\x9cCharles Taylor Adjusting is a global leader in adjusting large, complex losses for property and casualty, natural resources, marine, and aviation insurance clients,\xe2\x80\x9d said Rob Brown, Group CEO, Charles Taylor.
  • Syndicate clients will enjoy access to Charles Taylor\xe2\x80\x99s full suite of global claims, insurance management, and technology solutions.\n\xe2\x80\x9cThe Syndicate family is thrilled to become a part of the Charles Taylor Group to bring best-in-class property and casualty adjusting services to clients in the U.S.,\xe2\x80\x9d said Josh Morgan, President, CEO and Founder of Syndicate.
  • It has earned the trust of a diversified, blue-chip international customer base that includes national and international insurance companies, mutuals, captives, MGAs, Lloyd's syndicates and reinsurers, along with brokers, distributors and corporate insureds.\n"

Reputation Premium Finder Outperforms Other Investment Tools, Says Steel City Re

Retrieved on: 
Thursday, March 4, 2021
Finance, Money, Financial markets, Economy of London, Insurance in the United Kingdom, Lloyd's of London, Reinsurance, Tokio Marine Kiln, Arbitrage, Reputation, Futures contract, Tokio

"Reputation premium is the greatest reward ESG-centered companies can realize, and reputation risk is the greatest threat," said Steel City Re CEO Nir Kossovsky.

Key Points: 
  • "Reputation premium is the greatest reward ESG-centered companies can realize, and reputation risk is the greatest threat," said Steel City Re CEO Nir Kossovsky.
  • "Reputation value metrics that estimate premium and risk can help companies insure, manage, and arbitrage reputation risk."
  • Two stock indexes generated by Steel City Re's proprietary algorithms using these reputation value metrics show that reputation value more consistently identifies equity value opportunities than either bellwether measures of ESG or the value of the public company most closely associated with reputation, Warren Buffet's Berkshire Hathaway.
  • Steel City Re, an overseas advisor to Lloyd's Tokio Marine Kiln, is the exclusive provider of parametric reputation risk insurances and advisory services using a risk management framework informed by behavioral economics.

United Kingdom Health Cover Market Report 2020: Will Wellbeing Offer Long-Term Opportunity for Health Cover Following Rising Demand During Lockdown? - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 3, 2021
Managed care, Professional services, Health, Insurance, Health cash plan, Insurance in the United Kingdom, Health insurance, Inflation, Healthcare in the United States, Finance, Money, Economy

Will wellbeing offer long-term opportunity for health cover following rising demand during lockdown?

Key Points: 
  • Will wellbeing offer long-term opportunity for health cover following rising demand during lockdown?
  • The sixteenth edition of the Health Cover UK market report is vital reading for all professionals working in or with providers of medical insurance, health cash plans, dental plans, and also wellbeing.
  • This report identifies the key drivers for the health cover sector in 2020 and 2021 and provides some initial demand projections.
  • 1.4 Private Medical Cover Claims Paid, Cost Inflation, and Gross Margins
    2.4 Health Cash Plan Benefits Paid, Cost Inflation and Gross Margins

New CyberCube Scenarios Aid Lloyd’s Syndicates’ Cyber Planning

Retrieved on: 
Thursday, January 21, 2021
Software, Insurance, Finance, Consulting, Data management, Professional services, Technology, Security, Actuarial science, British brands, Finance, Money, Economy of London, Insurance in the United Kingdom, Lloyd's of London, Reinsurance, Risk, Underwriting, Financial services

These scenarios are used to report to Lloyd's on how their portfolio of business would be affected by major cyber events.

Key Points: 
  • These scenarios are used to report to Lloyd's on how their portfolio of business would be affected by major cyber events.
  • CyberCube has introduced the three scenarios for realistic cyber disasters as part of its Portfolio Manager product, which is used by risk carriers.
  • The three scenarios, which CyberCube designed in conjunction with Lloyds Underwriting team, Lloyds market practitioners and Guy Carpenter , are:
    The Lloyds Market Associations Cyber Risk Strategy Group has also been heavily involved in developing the scenarios over the past 15 months.
  • The three cyber scenarios, which will in future be included in Lloyds formal Realistic Disaster Scenario (RDS) framework, will play an important role in syndicates business planning processes.

Falvey Insurance Group Named "MGA of the Year" at International (Re)Insurance Awards

Retrieved on: 
Thursday, October 1, 2020
Types of insurance, Economy of London, Insurance in the United Kingdom, Lloyd's of London, Reinsurance, Hiscox, Insurance, General insurance, Casualty insurance

NORTH KINGSTOWN, R.I., Oct. 1, 2020 /PRNewswire/ --On Thursday, September 17, 2020, Falvey Insurance Group was named "MGA of the Year" at the Insurance Insider Honours , the international (re)insurance awards which recognizing Property & Casualty insurance market talent.

Key Points: 
  • NORTH KINGSTOWN, R.I., Oct. 1, 2020 /PRNewswire/ --On Thursday, September 17, 2020, Falvey Insurance Group was named "MGA of the Year" at the Insurance Insider Honours , the international (re)insurance awards which recognizing Property & Casualty insurance market talent.
  • Falvey Insurance Group began as a single division, Falvey Cargo Underwriting, opening its first office in 1995 in Wakefield, RI by the company's founder: Mike Falvey.
  • After 25 years, the company has evolved into Falvey Insurance Group, comprising three divisions: Falvey Cargo Underwriting, Falvey Shippers Insurance and Safe Harbor Pollution Insurance becoming, "The Specialized Insurance Experts".
  • Falvey underwrites on behalf of Lloyd's of London, C.V. Starr, Berkshire Hathaway Specialty Insurance, Beazley Insurance Company, Hiscox, Ascot Group and State National.

AM Best: Market Dislocation Drives Growth for U.S. Surplus Lines (AM BestTV)

Retrieved on: 
Tuesday, September 15, 2020
Consulting, Banking, Professional services, Finance, Articles, Reinsurance, Economy of London, Insurance in the United Kingdom, Lloyd's of London, Syndicate, Economic surplus, Academic disciplines

In particular, U.S. surplus lines companies that write more than 50% of their total business on a surplus lines basis increased their direct premium written by almost 15%, the highest level of growth since 2006.

Key Points: 
  • In particular, U.S. surplus lines companies that write more than 50% of their total business on a surplus lines basis increased their direct premium written by almost 15%, the highest level of growth since 2006.
  • The entire surplus lines market, including business that is written by the Lloyd's market syndicates, grew by 11.2% in 2019.
  • Raber said the COVID-19-fueled economic shifts that have impacted the surplus lines market.
  • To access the related market segment report, titled, Expanding Opportunities Bolster Surplus Lines Growth and Operating Results, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=300916 .

Marco Launches With €500m Committed Initial Equity Capital to Focus on European Property & Casualty Run-off Opportunities

Retrieved on: 
Sunday, August 23, 2020
Professional services, Insurance, Finance, Financial services, Finance, Money, Reinsurance, Economy of London, Insurance in the United Kingdom, Lloyd's of London, Exposure at default

Based in Malta, Marco will pursue run-off opportunities located in/emanating from the Continental Europe, the UK and Lloyds of London.

Key Points: 
  • Based in Malta, Marco will pursue run-off opportunities located in/emanating from the Continental Europe, the UK and Lloyds of London.
  • Marco seeks to provide a professional, well capitalised counterparty for insurers and reinsurers seeking run-off and other solutions.
  • Marco will position itself as a market with professionalism, integrity and sufficient capital to serve this demand.
  • Supported by 500m initial committed equity capital, to be augmented with ancillary own funds, with 750m dry powder equity Marco offers a leading proposition to carriers seeking finality solutions in the European P&C arena.

Insurance Industry Charitable Foundation receives $500,000 donation from Lloyd's in support of COVID-19 Crisis: IICF Children's Relief Fund

Retrieved on: 
Monday, June 15, 2020
Economy, Finance, Money, Economy of London, Insurance in the United Kingdom, Lloyd's of London, Reinsurance, Insurance, Nonprofit organization

LOS ANGELES, June 15, 2020 /PRNewswire-PRWeb/ -- The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, announced a $500,000 contribution from Lloyd's to the COVID-19 Crisis: IICF Children's Relief Fund.

Key Points: 
  • LOS ANGELES, June 15, 2020 /PRNewswire-PRWeb/ -- The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, announced a $500,000 contribution from Lloyd's to the COVID-19 Crisis: IICF Children's Relief Fund.
  • "Lloyd's has long been a leading supporter of IICF, serving as an IICF Key Partner Company with representation on IICF Boards of Directors in several divisions.
  • IICF has seen widespread and united industry support for its crisis relief campaign, including more than 550 individual contributors.
  • The Insurance Industry Charitable Foundation (IICF) is a unique nonprofit that unites the collective strengths of the insurance industry to help communities and enrich lives through grants, volunteer service and leadership.