Lloyd’s/London
This Week in Post: Winter wine and Amazon advances
This week I attended a briefing on hostage negotiation skills organised by an underwriting association and a wine tasting hosted by a rehabilitation provider.
FCA broker probe ‘could benefit London insurers’
An official investigation into the wholesale insurance broker market could cut rising costs for London market insurers, Fitch Ratings said.
PRA outlines supervisory framework for ILS
The Prudential Regulation Authority has published final rules setting out how it will authorise and supervise insurance special purpose vehicles, which will be used to issue insurance linked securities in the UK.
Analysis: Energy risks: negative energy?
The insurance industry is worried about the energy sector. This already complicated and fragmented industry is getting more complex, especially with pressure from governments to increase production from renewable sources, just as the risks it faces are…
Starr leaves Lloyd's Singapore
Global insurer Starr has not been writing business from Lloyd's Singapore since December last year and has formally left the platform.
JLT outlook remains confident as headwinds fail to hamper results
Insurance and reinsurance provider JLT does not expect the recent wave of natural disasters to affect its full year out-turn and believes it will deliver organic revenue growth for 2017.
FCA to launch wholesale insurance market study this week
The Financial Conduct Authority is preparing to launch a market study into wholesale insurance this week.
Will the last of the Lloyd’s listed carriers be snapped up in the coming years?
The number of independent Lloyd’s listed carriers is dwindling. What will happen if the last players are swept up?
Profile: Jon Turner, Pen Underwriting
After spending the past year hiving up a dozen entities under the Pen Underwriting roof, CEO Jon Turner talks to Will Kirkman about the managing general agent’s drive to be a ‘virtual insurer’ with the firepower to invest in data analytics and new…
Insurers hit out at FSCS consultation
The Association of British Insurers has hit back at proposals from the Financial Conduct Authority that insurers contribute towards costs of intermediary failure under the Financial Services Compensation Scheme
Career Development: Lloyd's graduate programme
Lloyd’s has opened applications for its 2018 graduate programme
R&Q takes on Prosight Lloyd's syndicate in run-off
R&Q has reached an agreement with Prosight Specialty Insurance to manage Syndicate 1110 in run-off.
This week in Post: Mergers, Microbreweries and Millennials
This week, the cold has crept in and we are bringing back our winter coats while shoving on our summer clobber to one side.
HW Wood bolsters London business
Lloyd’s broker HW Wood has bolstered its London business through three senior market hires.
Lloyd’s backs Barbican and Toa Re SPA
Toa Re and Barbican have received ‘in principle’ approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement.
Beazley appoints Nationwide chair David Roberts to lead board
Lloyd’s of London insurer Beazley has appointed top banking executive David Roberts as its new chairman.
International: Trade credit demand is up
European political instability and financial regulations are pushing demand for trade credit cover, especially from banks that are keen on optimising their capital.
Lloyd’s market and international consolidation in the cross hairs at BP Marsh
BP Marsh has affirmed its confidence in the Lloyd’s and London insurance market as target growth area as the sector investor looks to diversify its book with overseas business.
Private equity firm invests £3m in Lloyd’s broker
Altra Consultants has received £3m investment to fund further growth in its Lloyd’s broker business.
Hamilton appoints Munich Re chief Giuseppina Albo as CEO
Munich Re board member Giuseppina Albo is leaving the group to become CEO of Hamilton Insurance Group.
Neon launches Italian underwriting venture
Neon has launched an underwriting operating in Italy with Cambiaso Risso, who will have a minority shareholding in the venture.
Novae adopts Axis brand as deal is completed
Axis has completed its acquisition of Novae, which will be merged into the Bermudan-insurers brand.
FERMA 2017: Risk managers warned cyber is a business risk with no boundaries
Sabine Coessens, operational risk manager, Proximus, urged risk managers to return to their offices, check all their policies for cyber cover and get a standalone policy.
Insurance United Against Dementia: Swiss Re UK CEO O'Neill on why tackling Alzheimer's is important
Cycling up mountains is a pretty extreme way to spread the word about the work of Alzheimer’s Society far and wide.