Lloyd’s/London
Impact Forum: Renewable energy equal with cyber in terms of Lloyd's growth potential
Reneweable energy is among the burgeoning new classes of business in the Lloyd’s and London markets, alongside cyber, it was claimed yesterday at the Post Impact Forum.
Chaucer appoints XL Catlin's Callan as CFO
Lloyd's insurer Chaucer has appointed Robert Callan as chief financial officer of Chaucer Syndicates.
Hiscox raids Catlin for product recall team hires
Hiscox has established a product recall team within its London market business with four new hires.
Career File: Tom Bolt to leave Lloyd's in 2016
Lloyd's performance management director Tom Bolt is to leave the corporation in mid-2016 after almost seven years of service.
Pembroke protects artworks from political risk
Fine art and collectable valuables could be protected from seizure and other losses due to political acts through a new product issued by Ironshore International.
Review of the Year: Lloyd's
Lloyd’s didn’t stand still in 2015, while facing new threats and growing competition. With a bold new strategic direction and a number of mega-deals in the consolidation arena, the market has emerged with its head held high.
Aviva augments wholesale ambitions with Lloyd's trading location
Aviva is to open an office adjacent to Lloyd's to bring its underwriters closer to brokers in the international wholesale arena.
Reserving certainty a fillip for insurers in Enterprise Bill amendment
A proposed amendment to the Enterprise Bill under consideration by the House of Lords is being championed as giving insurers more certainty around reserving for damages relating to late claim payments.
Blog: Why Lloyd's is losing out on insurance technology innovation - and how it can fix this
While the founder of Lloyd's might be amazed by how far Lloyd's of London has come in a little over 300 years, this insurance market is no longer the pioneer of the industry that it once was.
Claims Club: Ex-Lloyd's CEO Ward urges wider tech focus
Insurers are too interested in “hygiene” factors at the expense of how technology might impact their business.
New contract with key broker for Xchanging
Technology services provider Xchanging has won a contract with Aon, announced this morning (30 November).
Bryant to swap Lloyd's for Swiss Re Corporate Solutions in Hong Kong
Dylan Bryant, Lloyd's Hong Kong general representative, is to leave early in the new year for a role at Swiss Re Corporate Solutions.
Shanghai broker registers with Lloyd's
Shanghai Asian Insurance Brokers has become the first Chinese broker to register with Lloyd's.
Lloyd's syndicates unite for $400m natural catastrophe pool
Eight Lloyd's syndicates are uniting to help protect emerging economies in Africa, Asia and Latin America from natural catastrophes.
Career development: LMG tackles skills gap with market-wide survey
The London Market Group is aiming to tackle the skills gap with a market-wide survey designed to identify existing skill gaps and gain better insight into the talent requirements of the market of the future.
LMA elects Beazley underwriting boss Maidment as chairman
Beazley chief underwriting officer Neil Maidment has been elected chairman of the Lloyd’s Market Association.
Benefits of blockchain championed to slow starters in the UK
The UK insurance industry is "woefully behind" in its take up of blockchain technology, which commentators say will radically change the way insurance contracts and settlements are handled as well as potentially reducing insurance fraud.
Insurers feel 'under prepared' for cyber attack
Almost half of the insurers in the London Market feel under prepared for a Talk Talk-style cyber attack according to a survey by business technology provider Xchanging.
Aon opens global HQ in London's Cheesegrater
Aon has officially opened the Aon Centre at 122 Leadenhall Street, London, commonly known as the Cheesegrater.
Ryan Specialty Group acquires M&A specialist MGA
Chicago-based Ryan Specialty Group has acquired managing general agent Hunter George & Partners, which offers insurance solutions for mergers and acquisitions.
London remains key market for energy buyers
London is still the number one market for many energy buyers with the concentration and experience of the market leading to a more efficient buying process, a risk expert told the London Power Forum this month.
LMA starts new committee to focus on CROs
The Lloyd’s Market Association has set up a new committee of chief risk officers to examine best practice and promote high technical standards among CROs.
Tasker hires Herdman as NED
Tasker Insurance Group has appointed former Oval group managing director Jeff Herdman as non-executive chairman.
Motorsports specialist Ellis Clowes acquired by Integro
Lloyd’s sports and hostile territories specialty broker Ellis Clowes has been acquired by US-based broker Integro.