Lloyd’s/London
This week in Post: Results, rumour and regulation
This week the results season well and truly got underway with big names in the UK’s insurance sector reporting back to market on how they fared over 2017.
Lloyd’s to cut regulatory red tape, says Hancock
Lloyd’s plans to reduce the regulatory burden on market participants as the corporation focuses on a “risk-based” approach to oversight, performance director Jon Hancock said.
Beazley targets double digit growth for 2018
London market carrier Beazley is to target double digit growth over the next 12 months.
Analysis: Lloyd's taking the Asian bull by the horns
Lloyd's and the London market are trying to win back their market shares in Asia, as the region is experiencing the world's most dynamic growth for the insurance industry.
Lloyd’s adds three to franchise board
Lloyd’s has named three new figures to the franchise board.
Insurtech start-up Homelyfe offers household product that can be bought in 85 seconds
An insurtech start-up has today launched an app enabled home and contents product that can be bought as quickly as 85 seconds.
JLT bolsters European cyber practice with Schouteren hire
JLT Specialty has bolstered its cyber practice in continental Europe with the appointment of former Aon cyber lead Sjaak Schouteren.
Electronic placement ‘not happening fast enough’, says Beale
The Lloyd’s market is not adopting the electronic placement of business fast enough, the market's CEO Inga Beale has said.
Barbican launches Bermuda underwriting operation
Barbican has launched an underwriting platform in Bermuda.
Professional services most at risk of fraudulent instruction as incidents quadruple in 2017
Professional services are most at risk of fraudulent instruction as incidents reported to Beazley quadruple in 2017.
London market makes ‘significant step’ with new claims model
The London market has launched a claims model to simplify how claims are handled in an effort to improve client service and streamline claims agreement across the market.
Liiba chair calls for contract continuity post-Brexit
Contract continuity and cross-border market access will be essential post-Brexit, the London & International Insurance Brokers' Association chair said in a speech in Europe.
London market training goes international
The Lloyd's Market Association will begin offering a range of technical programmes and courses internationally.
Former AIG UK boss Jacqueline McNamee returns with insurtech MGA
Jacqueline McNamee, former managing director of AIG in the UK, is to return to the market fronting a new Insurtech start-up.
Aioi Nissay Dowa relocates to Leadenhall Street
Aioi Nissay Dowa Insurance Company of Europe is to relocate to offices in Leadenhall Street this week.
Cyber MGA Ascent Underwriting acquired by Preservation Capital Partners
Preservation Capital Partners has acquired cyber and specialty lines managing general agent Ascent Underwriting.
Carillion collapse to cost industry £31m
Trade credit insurers expect to pay £31m to help businesses recover following the collapse of construction giant Carillion, according to figures from the Association of British Insurers.
GPI launches legal claim to recover £1m from Lloyd’s broker
Exclusive: An insurer has launched a legal petition to wind-up a Lloyd’s broker, over an unpaid claim of almost £1m.
Analysis: Soft reinsurance renewals dash hard market hopes
After five consecutive years of falling rates, global property-catastrophe reinsurance experienced upward pricing pressure at 1 January renewals.
Ten insurtech start-ups to watch in 2018 - part two
Today we feature a second quartet of businesses with their eye on the disruption prize, all of which will be worth watching out for as the year progresses.
AIG to buy Validus for $5.56bn
AIG has unveiled plans to acquire Validus Holdings for $5.56bn.
Beazley continues European expansion
Beazley has bolstered its specialty lines teams Munich, Paris and Barcelona as it continues to target European growth.
Steve Beslity to retire as chairman of Aon Global Marine
Steve Beslity, chairman of global marine at Aon Risk Solutions, is to retire by mid-2018.
Brexit and PPL top of the agenda for Liiba
The London and International Insurance Brokers’ Association is to focus on getting brokers signed up to electronic trading platform Placing Platform Limited over 2018.