Lloyd’s/London
Walsh and Newman to leave CFC following Lloyd’s investigation
David Walsh and Graeme Newman will leave CFC Underwriting in 2024 following a Lloyd’s investigation into allegations of non-financial misconduct at the company.
Tokio Marine reveals risks faced by London
London’s future is threatened by more extreme flooding and failure to keep pace with technology, according to a new study, with Tokio Marine arguing insurers should help the city prepare for cybersecurity and artificial intelligence developments.
Insurers and Ukrainian government to split Black Sea shipping risks
Ukraine has struck a deal with Marsh and insurers at Lloyd’s to set up a public-private partnership providing cover for Black Sea grain shipments.
Planned Lloyd’s investment venture scrapped at eleventh hour
Financials Acquisition Corp, which had planned to provide hundreds of millions of pounds of capacity to Lloyd’s syndicates as early as 2024, following a proposed merger, is now set to appoint liquidators.
Lloyd’s earmarks £52m following slavery ties research
Lloyd’s has launched a programme of initiatives to help Black and ethnically diverse people join and build careers in the market following independent research into its historic links to the transatlantic slave trade.
Using algorithms to underwrite commercial and specialty market risks
Analysis: Harry Curtis examines the applications of algorithmic underwriting in commercial and specialty insurance, what role the approach leaves for human underwriters, and what challenges it presents.
Tributes paid to London Market veteran Neville Hunt
Neville Hunt, a stalwart of the London Market who dedicated more than 50 years of his life to the industry, has passed away.
Q&A: Charmaine Chow, Dale Underwriting Partners
Charmaine Chow, head of legal and governance at Dale Underwriting Partners, speaks to Frances Stebbing about building a Lloyd’s managing agency and what it means to be a diversity and inclusion champion.
Top 75 MGAs: Prestige Underwriting
Prestige Underwriting celebrated its 25th year in 2022 and 20% above plan growth helped the business achieve a place in this year’s Top 75 MGAs list.
Lloyd’s captive pipeline ‘strong’ as government explores separate regulatory regime
Lloyd’s has signalled that the launch of the market’s first captive syndicates in decades could be close at hand.
Steps insurers should take to become inclusive innovators
Analysis: Emma Ann Hughes explores what it will take to create an inclusive insurance industry culture that is capable of producing products and services suitable for a wider cross section of society.
Cyber market edges towards systemic risk solutions
Participants in the quickly growing cyber insurance market are pushing for commonly held definitions of catastrophic or systemic events.
Big Interview: Dame Inga Beale
As the ninth Dive In festival kicks off, Dame Inga Beale tells Emma Ann Hughes she doesn’t see the greater diversity, inclusion and modernisation she pushed for as Lloyd’s first female CEO as her legacy — but as her continuing mission.
Climate change not primarily responsible for rising nat cat claims at Lloyd’s
Climate change will “amplify” other factors that increase natural catastrophe claims but are not the main driver of the upward trend observed in recent years, according to Lloyd’s.
Lloyd’s chief takes aim at ‘moronic’ D&O underwriting
Lloyd’s chief of markets Patrick Tiernan has said he does not want to be forced to remediate a “shambolic” directors' and officers' insurance market, and instead expects to see a “voluntary pullback” from underwriting that has caused concern among market…
#3 Lloyd's
Lloyd’s remains steadfastly in third place on Insurance Post’s Top 30 European Insurers 2023 List, reporting low-to-mid-teen average premium growth for the year.
Top 30 European Insurers 2023: Claims inflation bites
Europe’s 30 largest non-life insurers have demonstrated solid top-line growth over the past two years, following a drop in 2020.
Neal predicts consolidation as Lloyd’s delivers £3.9bn H1 pre-tax profit
Lloyd’s CEO John Neal has said the market’s underwriting performance is “as good as we’ve seen in recent decades”, as it reported a £3.9bn profit before tax for the first half of 2023.
24 firms battle it out on 11th Lloyd’s Lab pitch day
The Lloyd's Lab programme is returning for its eleventh cohort, seeking “fresh ideas” to challenge how the insurance sector operates and help the Lloyd’s market better serve its customers.
Tysers CEO to depart as parent group splits up business
Tysers CEO Clive Buesnel is to step down at the end of August, following the splitting up of the Lloyd’s broker’s operations by parent group AUB Group.
Lloyd’s refresh won’t usher in ‘dystopian digital future’
The ongoing refurbishment of the Lloyd’s underwriting room is not a step towards a “dystopian digital future”, the market’s chairman Bruce Carnegie-Brown has said.
Diary of an Insurance PR: Haggie Partners’ Caroline Klein
Caroline Klein, partner of Haggie Partners, engages with the Lloyd’s Foundation, learns about Reddit threads from young colleagues and manages to cycle and test her daughter at the same time.
Lloyd's approves California wildfire syndicate
Lloyd’s has approved the creation of a syndicate dedicated to underwriting wildfire-exposed commercial risks in California.
View from the top: RSA’s Jones and Gray on why the London Market must address its talent shortage
Andy Jones, director of risk consulting, and Calvin Gray, London Market marine director, at RSA Insurance discuss the London Market’s talent issue and the steps it must take to address the gap.