Commercial Lines articles – Page 111
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Towergate owner takes majority stake in Price Forbes
Backing from Highbridge will accelerate Price Forbes growth plans
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Credit Suisse gets approval for new £90m Lloyd’s syndicate
Credit Suisse gets approval for £90m Lloyd’s syndicate Barbican to manage Syndicate 1856, which will start writing in January 2016
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‘Strong notes of caution’ in Lloyd’s results despite good first-half
Market’s finance director warns of pricing pressure as five business lines report CORs over 100%
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Lloyd’s first-half profit falls 28% as rate cuts bite
Results also hit by falling investment returns, which almost halved
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Allied World looks to Zurich for new casualty team hires
James Emerton and Martin Fisher will build the insurer’s UK and international corporate business
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43% of consumers do not trust driverless cars - uSwitch
More than a third expect the introduction of driverless cars to drive up their insurance premiums
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Ex-Lloyd’s director Sue Langley to chair Gallagher UK
New non-exec role marks Langley’s return to insurance industry
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Charles Taylor hopes to benefit from ‘long list’ of Lloyd’s hopefuls
Chief executive David Marock says company is also seeing strong pipeline of acquisition opportunities
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Integro buys film and TV MGA
Entertainment Risk Management bosses John Green and Karl Crawford will continue in their leadership roles
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Drone insurance demand to ‘surge’ – Lloyd’s
New report highlights five key risks affecting growing drone sector
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Professional indemnity and D&O sector to hit £1.5bn GWP by 2019
Growth driven by directors’ rising public exposure through social media and increasing regulatory activity
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Nexus buys £21m MGA EBA Insurance Services
Acquisition bolsters underwriting agency’s presence in Europe
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Private equity firm Odyssey to buy Integro
Deal is expected to be completed in the fourth quarter of 2015
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Foreign exchange losses depress Novae profit
First half pre-tax profit down 21%, but underlying profit rises 28% and COR improves to 89.8%
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Towergate launches regional restructuring
The broker is rebranding a number of its regional management areas
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Exor sees off AXIS to buy PartnerRe for $6bn
AXIS will receive a $315m break-up fee from PartnerRe as a result of merger agreement being terminated
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New MGA Pelican enters UK solicitors’ PI market with Munich Re
Munich Re division Great Lakes to provide capacity to newly formed underwriting agency
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Zurich/RSA deal should focus on strengthening specialty offerings
But brokers warn that consolidation based on commoditisation of business would be negative
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Lloyd’s chairman joins prime minister’s advisory group
L&G chief executive Nigel Wilson also appointed to new group