The cream of the London insurance market was revealed last night in front of a packed crowd at the Reactions London Market Awards Dinner, in association with official event sponsor Starr Underwriting Agencies.
The winners, judged by an independent panel from the London market, picked up their awards at the Grange City Hotel in London, in front of a crowd of 300 of the London market's biggest names.
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A wide array of firms won the 42 awards available. UK powerhouse RSA beat off strong competition to take Insurance Company of the Year, QBE Re won Reinsurance Company of the Year, RK Harrison won Insurance Broker of the Year and Willis Re won Reinsurance Broker of the Year.
In other awards, Tokio Marine's acquisition of Lloyd's insurer Kiln scooped Company Merger of the Year, Perils AG won Innovative Product/Service of the Year, the Lloyd's Electronic Claims File initiative won Technological Initiative of the Year and Lloyd's won Claims Team of the Year.
In the service providers section, Barlow Lyde & Gilbert won Law Firm of the Year, Deutsche Insurance Asset Management won Asset Manager of the Year, Standard & Poor's won Rating Agency of the Year, and Ernst & Young won Accountancy Firm of the Year.
The night was capped off with five individual awards.
Julia Graham of DLA Piper was recognised for her wealth of experience and work with Airmic, the UK risk managers association, with her award for Corporate Risk Manager of the Year.
Jon Foley, executive underwriter at Ascot, won Rising Star for Underwriting, while Steven Firmin of Guy Carpenter won Rising Star for Broking.
Sean McGovern, director and general counsel at Lloyd's, won Future Industry Leader, while Rolf Tolle, franchise performance director at Lloyd's won Industry Personality of the Year.
The night was capped off with the award for Lifetime Achievement, won by a familiar and popular face in the London Market - Peter Grove.
Grove has worked in the London insurance and reinsurance market since 1966 and has been a lead underwriter on reinsurance and retrocession
business for more than thirty years. He joined QBE when Limit was acquired by QBE in 2000, and was appointed chief underwriting officer in 2004. He retires at the end of the year.
The full list of winners is:
INSURANCE COMPANIES
Insurance Company of the Year underwriting Political Risk - Chubb
Insurance Company of the Year underwriting Casualty - QBE
Insurance Company of the Year underwriting Property - Ecclesiastical
Insurance Company of the Year underwriting Marine - Starr Underwriting Agencies
Insurance Company of the Year underwriting Energy - Ascot
Insurance Company of the Year underwriting Aviation - Global Aerospace
Insurance Company of the Year - RSA
REINSURANCE COMPANIES
Reinsurance Company of the Year underwriting Political Risk - Transatlantic Re
Reinsurance Company of the Year underwriting Casualty - Brit
Reinsurance Company of the Year underwriting Property - Amlin
Reinsurance Company of the Year underwriting Marine - Swiss Re
Reinsurance Company of the Year underwriting Energy - Ascot
Reinsurance Company of the Year underwriting Aviation - Liberty
Reinsurance Company of the Year - QBE Re
INSURANCE BROKERS - category sponsored by RSA
Insurance Broker of the Year broking Political Risk - Miller
Insurance Broker of the Year broking Casualty - Aon
Insurance Broker of the Year broking Property - AJG
Insurance Broker of the Year broking Marine - Marsh
Insurance Broker of the Year broking Energy - Lockton
Insurance Broker of the Year broking Aviation - Willis
Insurance Broker of the Year - RK Harrison
REINSURANCE BROKERS - category sponsored by Starr Underwriting Agencies
Reinsurance Broker of the Year broking Political Risk - Aon Benfield
Reinsurance Broker of the Year broking Casualty - Guy Carpenter
Reinsurance Broker of the Year broking Property - Aon Benfield
Reinsurance Broker of the Year broking Marine - Guy Carpenter
Reinsurance Broker of the Year broking Energy - Willis Re
Reinsurance Broker of the Year broking Aviation - Aon Benfield
Reinsurance Broker of the Year - Willis Re
DEALS AND INITIATIVES
Company Merger of the Year - Tokio/Kiln
Technological Initiative of the Year - The Lloyd's Electronic Claims File
Innovative Product/Service of the Year - Perils AG
Claims Team of the Year, sponsored by Barlow Lyde & Gilbert - Lloyd's of London
SERVICE PROVIDERS
Law Firm of the Year - Barlow Lyde & Gilbert
Asset Manager of the Year - Deutsche Insurance Asset Management
Rating Agency of the Year - Standard & Poor's
Best Accountancy Firm - Ernst & Young
INDIVIDUAL AWARDS
Corporate Risk Manager of the Year, sponsored by RK Harrison
- Julia Graham, DLA Piper
Rising Star for Underwriting, sponsored by Under 35's Reinsurance Club
- John Foley, Ascot
Rising Star for Broking, sponsored by Under 35's Reinsurance Club
- Stephen Firmin, Guy Carpenter
Future Industry Leader - Sean McGovern, Lloyd's
Industry Personality of the Year - Rolf Tolle, Lloyd's
Lifetime Achievement, sponsored by Guy Carpenter - Peter Grove
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