John Nelson is to be appointed the next chairman of Lloyd’s, replacing Lord Peter Levene in October, the Council of Lloyd’s says.

Since claims are the single largest expenditure for a property and casualty insurance company, investing in claims management operational improvements is one of the most effective strategies to drive profitable growth, according to a report by Deloitte.

Officials from the captive domiciles of Bermuda, St. Lucia and Barbados will discuss domicile selection at the Captives & Corporate Insurance Strategies Summit in Toronto on June 1-2.

Vermont’s captive insurance growth in the 2011 first quarter is the strongest start to a year since 2005, attributable to a wider understanding of the benefits of captive insurance, says the state’s captive regulator.

Vermont’s captive insurance growth in the 2011 first quarter is the strongest start to a year since 2005, attributable to a wider understanding of the benefits of captive insurance, says the state’s captive regulator.

Although pet insurance used to be a line of coverage that did little for pet owners and proved difficult for insurers, one company believes it has found the recipe for success in the niche—product transparency for consumers and diligent underwriting to improve carrier profitability.

Lloyd's says insurance newcomer John Nelson will become its new chairman in October.

Lloyd's says insurance newcomer John Nelson will become its new chairman in October.