Lloyd’s/London
UK is a few years away from direct cyber market: CIBA 2018
The cyber insurance market is evolving into a more digitally enabled one, which might help it open up to smaller customers where penetration is typically lower.
Over half of Lloyd’s MGAs have under resourced teams
The majority of Lloyd’s managing agents are struggling with a lack of resources in their delegated authority teams.
Marsh's White replaces Agnew as LIIBA chair
Roy White, chairman of UK specialties at Marsh, has been named as chair of the London and International Insurance Brokers’ Association.
This week in Post: Why insurers should head to a Maths Jam
This week I attended my first Maths Jam, a gathering of self-confessed maths enthusiasts who get together in a pub and share stuff they like.
Lloyd’s positive on ILS cover for Central Fund
Capital from Insurance Linked Securities could be used to back the Lloyd’s Central Fund as early as next year, the market’s chief financial officer has said.
Hiscox's Masojada named PPL chair
Hiscox CEO Bronek Masojada has been named chair of the London market’s electronic placing platform, Placing Platform Limited.
Underlying performance needs to improve, says Lloyd’s CFO
The underlying underwriting performance of Lloyd’s syndicates needs to improve following the market's first loss in six years, John Parry has said.
Lloyd’s confirms electronic placement mandate
Members of the Lloyd’s market must process 30% of risks electronically by the end of the year, following a mandate from the Lloyd’s Board and Council.
Lloyd’s struck by £2bn loss from nat cats
Lloyd’s of London has been hit by a £2bn loss owing to an “exceptionally difficult year” of natural catastrophes.
Tributes paid to former APPG insurance deputy chair Baroness Turner
A former chair of the All Party Parliamentary Group for Insurance and Financial Services has paid tribute to one of its longest serving members who sadly passed away last month.
XL Catlin adds Brexit continuity clause to policies
Policies issued by XL Catlin’s London operations will include contract continuity clause to offset any fallout from the UK’s exit from the European Union.
City Minister on why the government is supporting insurance as the engine of the economy
City Minister John Glen is confident the new UK framework for insurance linked securities will help the market grow.
Munich Re to cut 900 jobs as reinsurer targets profits surge in 2018
Munich Re is to axe 900 jobs as part of cost saving efforts in its reinsurance business.
Markel International to cease writing London open market property
Markel International has ceased writing London open market property business, making three redundancies.
Canopius appoints Davison and Meyer to COO and CFO after buyout
Canopius has named Laurie Davison as group chief operating officer and Nigel Meyer as group chief financial officer.
Loss adjusting and insurtech gains fail to stem Charles Taylor profit decline at full year
Well-publicised gains in Charles Taylor’s loss adjusting and insurtech arms saw revenues jump 25% in 2017 but failed to push the insurance services provider to profit.
Former Integro bosses to launch London market platform for Beach
Former Integro bosses John Sutton and Toby Humphreys have been appointed to lead a specialty and wholesale platform at broker Beach.
This week: The consequences of buying big
By far the biggest purchase I ever made was when I bought my house.
Consortium completes $952m acquisition of Canopius
A private equity consortium led by Centerbridge Partners has completed its acquisition of Canopius.
Hammond calls for EU free trade agreement on financial services
Philip Hammond has said there is no reason that the UK financial sector cannot be part of a free trade agreement post Brexit.
Beazley to step down as LMG CEO
London Market Group CEO Chris Beazley is to step down in the summer of 2018.
Channel, Canopius and LSM join forces on trade credit platform
The Channel Syndicate and Canopius will join Liberty Specialty Markets in forming a consortium to provide capacity for Toredo, an online platform for single situation trade credit insurance.
Blog: Your move Allianz - impact of Axa/XL deal on P&C market worldwide
The news that Axa is to spend $15.3bn (£11.1bn) to acquire XL Group will certainly get the insurance boards around the world chattering.
Obituary: Stephen Fitzgerald, former DA Constable MD
Liability insurance heavyweight Stephen Fitzgerald passed away yesterday after a long battle against cancer.