Lloyd's/London
City-based insurers face down disruption from Extinction Rebellion
Insurance firms could face further disruption, after Extinction Rebellion activists shut down roads around the City of London yesterday in a bid to raise awareness of climate “inaction”.
MS Amlin stops underwriting aviation insurance
MS Amlin will cease underwriting aviation insurance renewals and new business, and will manage the run-off of the book internally, rather than outsourcing it under a reinsurance to close arrangement.
This week: All at sea
The fraudulent claims we’re used to hearing about involve banged-up cars and invented cases of whiplash. Ones involving oil tankers, pirates, the Admiralty Judge, and statements given in places as far-flung as Aden and Manila are somewhat harder to come…
Q&A: Jane Harley, co-chair of GIN and manager, policyholder and third-party oversight department at Lloyd’s of London
As part of the Inclusion at Lloyd's programme six Partner Networks have been set up to help bolster diversity and inclusion in insurance. Post spoke to a representative from each one to get an insight into what they are doing, today focusing on The…
London company market premiums written in Europe on the rise
Gross premiums written in London by the company market increased 6.7% in 2018, reaching £19.56bn, according to the International Underwriting Association.
Lloyd’s of London chairman joins insurtech Cuvva
UK-based insurtech startup Cuvva has appointed Bruce Carnegie-Brown as chairman, effective immediately.
This month: Celebrations, climate change and culture
In this month’s issue Post published the annual top 100 Insurers, a list of the UK's biggest insurers ranked by non-life gross premium written in 2018, in association with AM Best.
Senior women in insurance join equal pay campaign pushing for 'radical and rapid action'
Annette Court, Inga Beale and Tulsi Naidu are among high profile backers of a campaign fighting for equal pay for women.
Arch-backed MGA Archipelago aims to address PL underinsurance with data driven fair pricing
Arch Insurance-backed managing general agent start-up Archipelago Risk Insurance has announced that after a six month “pilot” it is ready to open the doors in a “controlled way”.
Q&A: Amanda Lucas, talent, learning and inclusion manager, human resources, Allianz Global Corporate & Specialty and co-chair, Insurance Families network
As part of the Inclusion at Lloyd's programme six partner networks have been set up to help bolster diversity and inclusion in insurance. Post spoke to a representative from each one to get an insight into what they doing, today focusing on IFN - the…
Top 100 UK Insurers 2019: AM Best Commentary - Insurers well placed to withstand strong headwinds
The 100 largest UK-regulated insurers, ranked by non-life gross premium written, reported a combined underwriting profit in 2018, compared to a loss in 2017. Catherine Thomas, senior director of analytics in London at AM Best, explains how they achieved…
MS Amlin to withdraw from nine lines of business
MS Amlin is to withdraw from nine lines of business that “no longer form part of its future strategic direction” as part of a wider restructure following an underwriting review.
Q&A: Maurice Rose, manager, insurance risk and regulation, PWC and co-chair Link
As part of the Inclusion at Lloyd's programme six Partner Networks have been set up to help bolster diversity and inclusion in insurance. Post spoke to a representative from each one to get an insight into what they doing, today focusing on Link – LGBT…
Lloyd's releases 2020 modernisation plan
Lloyd’s has published the first blueprint for its market modernisation strategy, detailing how it will begin to deliver proposals it consulted on earlier this year in 2020.
LM Tom to be wound down ahead of Lloyd's future blueprint publication
The London Market Target Operating Model is to be wound down and its work to be continued as part of the Future at Lloyd’s market modernisation drive.
Frustration at Dive In ethnicity panel after c-suite execs drop out
Senior insurance executives scheduled to appear at a diversity event pulled out after discovering the session would be on the "sensitive" issue of the industry's Black, Asian and Minority Ethnic pay gap.
Q&A: Ajay Mistry, partnership director, Brokerbility and co-chair, Insurance Cultural Awareness Network
As part of the Inclusion at Lloyd's programme six partner networks have been set up to help bolster diversity and inclusion in insurance. Post spoke to a representative from each one to get an insight into what they doing, today focusing on The Insurance…
Neal emphasises the importance of speaking up about bullying and harassment
Lloyd’s CEO John Neal has underscored the importance of individuals speaking out about instances of bullying and harassment at a panel discussion on the first day of the Dive In festival.
Q&A: Iowa Morgan, manager of City Claims at AIG and chair of the Insurance Disability, Ability & Wellbeing Network
As part of the Inclusion at Lloyd's programme six partner networks have been set up to help bolster diversity and inclusion in insurance. Post spoke to a representative from each one to get an insight into what they doing, today focusing on iDAWN –…
Blog: It’s just ‘banter’: The excuse that no longer washes in the #MeToo world
To mark Dive In this week Post content editor Jonathan Swift considers how language and actions that once might have been considered passable, are likely to be no longer tolerated if insurance is to become a truly diverse and inclusive profession.
Digital Fineprint closes $4m funding round, with insurtech Cuvva tipped to raise next
Digital Fineprint has become the latest UK-based insurtech to announce a significant fund raising round after unveiling a $4m (£3.2m) investment at Insurtech Connect in Las Vegas today.
Lloyd’s unveils further measures to tackle market culture amid ‘sobering’ survey
Lloyd’s has today revealed six additional measures it will take to improve culture at the market, after a survey labelled “sobering” by its chairman Bruce Carnegie-Brown.
Nearly one in ten workers saw sexual harassment at Lloyd’s over the last year
Lloyd’s CEO John Neal said he was “appalled” by Lloyd’s culture survey results, as the results show 8% of workers claim to have witnessed sexual harassment in the market in the last 12 months.
Q&A: Benjamin Hindson, vice-president for communications, media and technology, Marsh and chair of Next Generation Insurance Network
As part of the Inclusion at Lloyd's programme six partner networks have been set up to help bolster diversity and inclusion in insurance. Post spoke to a representative from each one to get an insight into what they doing, today focusing on the Next…