Lloyd’s/London
Blog: London needs to get global
To maintain its competitive position, the London insurance market needs to become a truly global hub, write Chris Beazley, CEO of the London Market Group, and Paul Clark, partner at the Boston Consulting Group
Lloyd’s syndicate Pro Sight goes into run-off
Lloyd’s insurer Pro Sight has been placed into run-off, the corporation has confirmed.
Insurance Marketing and PR Awards 2017: Winners
Co-op Insurance picked up two awards for digital marketing and social media influence at the Insurance Marketing and PR Awards today.
Helios acquires Nottus for £964,500
Helios has acquired Lloyd’s limited liability member, Nottus, as part of its strategy to increase underwriting capacity.
CNA Hardy to set up post-Brexit hub in Luxembourg
CNA Hardy will establish a new office in Luxembourg in preparation for Brexit, with the process set to be completed in early 2019.
Legal Update: The problem with delegated authorities
Do delegated authorities represent a short-term solution that is creating long-term problems? Jeremy Irving, partner at DWF, discusses.
LMA forms members’ agents committee
The Lloyd’s Market Association has formed a members’ agents committee, which will represent the interests and priorities of providers and advisers of third party capital at Lloyd’s.
Political risks: Halting new threats
Businesses with domestic and international footprints are increasingly demanding protection from political risks. But, as the threats have changed in recent years, so has the cover that serves to protect against them
Globe Underwriting enters marine market
UK-based managing general agent, Globe Underwriting, has entered the marine market with the launch of a new marine division.
Liberty Specialty denies reports it has picked Luxembourg for post-Brexit base
Liberty Specialty Markets denied it had already made a decision over the base of its European Union subsidiary, despite reports it has picked Luxembourg for the base.
Lloyd’s redundancies: London market forced to focus on cost
A memo from Lloyd’s of London issued to staff inviting them to register for voluntary redundancy comes as little surprise, experts said, as market carriers are increasingly forced to focus on cost.
Tradex borrows £7m to meet Solvency II requirements after Ogden rate hit
Tradex has borrowed £7m from its parent to maintain its solvency capital position in the wake of the Ogden discount rate change.
Lloyd's insurers join forces to form political risk consortium in Asia
Beazley, Chaucer and Talbot have joined forces to form a political risk consortium in Asia offering increased capacity for a wide range of political and contract frustration risks.
Lloyd’s invites staff redundancies amid challenging market
The Corporation of Lloyd’s has issued a letter to staff inviting them to register for voluntary redundancy.
London failing to stem reinsurance decline, says LMG
The London market is losing ground as a global centre for reinsurance and faces significant challenges in emerging markets and diversity, according to the London Market Group
Costa Concordia captain's sentence upheld
The captain of the Costa Concordia, which capsized in 2012 killing 32 people, has had his 16-year jail sentence upheld.
LMA calls for discount rate change
The Lloyd’s Market Association has called for major changes to the way the personal injury discount rate is set.
Beazley posts 2% drop in gross written premium
Insurer Beazley has reported a 2% drop in gross premium written in the three months to the end of March 2017.
Novae warns on full year COR and exits four lines
Lloyd's specialist insurer Novae is reshaping its business as it expects a full year combined operating ratio above 100% for the full year.
Nigel Farage slams Lloyd's chairman over Brexit warnings
Nigel Farage has criticised Lloyd's of London chairman John Nelson over pre-referendum warnings on the negative impact of Britain withdrawing from the European Union.
Hiscox chooses Luxembourg as post-Brexit base
Hiscox has announced plans to open a European subsidiary in Luxembourg in response to Britain’s exit from the European Union.
Towergate backers launch general insurance giant
Towergate backers HPS Investment Partners and Madison Dearborn Partners will consolidate Towergate with Autonet, Chase Templeton, Price Forbes and Ryan Direct to form a general insurance giant.
Mackinnon and Nanra join ICA's board
The Insurance Council of Australia has appointed two senior members to its board.
Editor's comment: Surprise!
I probably wouldn’t make a very good insurer or broker as I love a good surprise and I deal quite well with change.