Lloyd’s/London
PRA warns insurers to brace for further inflation woes
The Prudential Regulation Authority has told insurers to factor inflation into their business planning, kick the tires of their approach to risk management and prove they can withstand cyber-attacks in 2023.
Insurance M&A activity slows in second half of 2022
Insurance merger and acquisition deal activity slowed significantly in 2022, hitting the lowest volume since 2019, according to an S&P Global Market Intelligence analysis.
Property intelligence the where and what: The 50+ companies to know
Accurately locating a property and understanding its attributes is essential to supporting underwriting and premium determination.
Climate activists deliver festive gifts to Lloyd’s headquarters
As part of action which saw insurers receive ‘good’ and ‘naughty’ gifts reflecting their response to climate change, climate group Mothers Rise Up has today delivered a Christmas stocking full of fake coal outside Lloyd’s of London HQ.
Insurers slammed for insuring 'climate chaos' with UK coal mine
Lloyd's is remaining tight-lipped about who will insure the first UK coal mine approved in decades as campaigners accuse insurers contemplating offering cover for the project of causing "climate chaos."
Lloyd's syndicates may need to revise plans as they grapple with unprecedented circumstances, says Tiernan
Many Lloyd’s syndicates may need to resubmit their business plans for 2023 in the New Year as they grapple with a set of market circumstances that are “without recent precedent”, Lloyd’s chief of markets Patrick Tiernan has said.
Review of the Year 2022: Insurers
Senior figures from the insurance market look back on 2022 and reflect on what 2023 might bring.
Tamping down wildfire threats: How insurers can mitigate risks and losses
This Tamping down wildfire threats report discusses how insurers are poised to aid at-risk communities through pre-emptive mitigation leveraging advanced data technologies and data, and by offering community-based catastrophe insurance programs.
Blog: Lloyd's choir tunes up for its gala Christmas concert
Lloyd's Choir is celebrating its centenary over the course of its 2022 to 2023 season. The celebrations will include a gala concert at the Merchant Tailors' Hall, London on 8 December, which will take place 100 years almost to the day after the very…
Zego and QBE expand partnership; Needham takes GWP to £9m; Axa XL appoints head of cyber and Lloyd's
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Offshore wind scale-up presents challenges for underwriters
The accelerating scale-up of global offshore wind projects presents challenges for insurers seeking to stay abreast of supply chains and new technologies, underwriters have said.
Data Analysis: Top Lloyd's syndicates bounce back from £671m 2020 loss
Lloyd's 20 largest syndicates have seemingly bounced back from the pandemic after reporting a combined £1.61bn profit for 2021, a £2.28b gain on 2020 losses.
Stemming a rising tide: How insurers can close the flood protection gap
The role of insurers in closing the flood protection gap can be a crucial one, and the time to act is now.
Blog: Lloyd's will need to provide clear guidance for both MAs and the market when implementing cyber war policies
Lloyd’s of London recently released a proposal for its managing agents to exclude war and state-backed cyber attacks from stand-alone cyber war policies. Aaron B Cain, cyber security consultant at Altus, considers the challenges that Lloyd’s will face…
Win your race: Meet the global need for speed to market with the Flaine release of Guidewire GO
Getting a new insurance product to market is a journey, with speed and location both important components.
Top 50 global reinsurers: The changing faces of the market
With the reinsurance community once again convening in Monte Carlo and then Baden-Baden, AM Best brings its latest top 50 global reinsurance group rankings. Carlos Wong-Fupuy and Catherine Thomas break down the numbers and highlight the biggest risers…
Get more accurate wildfire risk and fire protection scores
Comprising more than 1,400 property and casualty risk factors for any U.S. address, HazardHub is the most comprehensive P&C risk data set ever created by Guidewire.
Questgates acquires CP Adjusting; Pen UW rolls out cyber risk management suite; Brokerbility shakes up leadership team
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Algorithmic underwriting in specialty insurance: An implementation guide in six case studies
This guide focuses on how to implement algorithmic decision-making in the underwriting process for specialty insurance and how to evolve over time by adding new data sets as well as refining the algorithms.
Axa XL's McGovern to take up LMG chairmanship
Axa XL CEO for the UK & Lloyd’s Sean McGovern is set to become chair of the London Market Group from the start of next year.
Insurance Taskmaster Episode One: Insuring The Titanic [1912]
Insurance Post has teamed up with Verisk for a new video show in which we tasked six industry rising stars to solve some of the biggest historic challenges faced by the market over the past two centuries.
Video: Enabling proactive wildfire protection
Are insurance companies ready for rising global wildfire risk? In this video, Laura Drabik, chief evangelist at Guidewire Software reveals how insurers can proactively meet this pressing threat to the people they protect everywhere.
Matthew Wilson steps down as Brit group CEO
Matthew Wilson has stepped down as group CEO of Brit in order to prioritise his health and spend more time with his family.
Lloyd’s first CEO Ian Hay Davison passes away
Former CEO of Lloyd’s of London who took on a task of reforming scandal-ridden Lloyd’s of London in 1983 of its reputation, has passed away aged 91.