Hints and tips:
...Jana Hecker has left UniCredit, the Italian bank told the Financial Times, confirming a staff memo sent late on Tuesday that said Luca Falco, head of global syndicate and capital markets, was taking on her...
...Tokio Marine Kiln took in gross premiums of £1.4bn across three syndicates in 2018. Its chief executive, Charles Franks, sits on the Lloyd’s franchise board, one of the bodies that governs the market....
...“When celebrities are linked with products, you’d expect a [positive] impact on sales,” argues Tom Hoad, head of innovation at insurance group Tokio Marine Kiln....
...Smaller syndicates, in particular, are under pressure from changes in how insurance brokers are dealing with Lloyd’s....
...The losses were spread throughout the market although a syndicate managed by Kiln, which is owned by Japanese general insurer Tokio Marine, took one of the biggest hits with estimated claims of about $700m...
...market have long expected a Chinese investment at Lloyd’s with some talking up the chances of a large Chinese group buying a business there, much as Tokio Marine, the Japanese insurer, did with its deal for Kiln...
...A number of Bermudan reinsurers have acquired Lloyd’s insurers, while last month Tokio Marine and Nichido Fire acquired Kiln, a Lloyd’s insurer, for £442m....
...Kiln, managing agency for four Lloyd’s market syndicates, which reports next week, said the return on capacity of its flagship syndicate 510 for the 2004 year of account was 10.3 per cent against a forecast...
...A few sought-after franchises that have performed well in recent years, include Hiscox syndicate 33, Kiln syndicate 510 and Cathedral syndicate 2010, according to analysts....
...Fewer disasters helped Amlin this morning announce a special dividend as it unveiled record profits, while fellow Lloyd’s of London insurer Kiln said its syndicates’ returns for the 2004 year of account...
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