Lloyd's/London
This Week: Getting stuff done
Helios has (almost) done his work and got the week done. Probably because he has an oven ready plan. To leave the working week and enter the weekend.
Analysis: What's on the horizon for 2020?
For an industry that strives to understand and manage risk, uncertainty is not something that is relished. But with some market hardening, a final report from the Financial Conduct Authority on pricing practices and the possibility of Brexit all on the…
Searchlight trained on GRP as broker eyes PE deal
Global Risk Partners is in discussion with three private equity firms including Searchlight Capital Partners about taking a majority holding in the consolidator, Post can reveal.
Ex-Lloyd’s CEO Inga Beale joins Clyde & Co board
Former Lloyd’s CEO Inga Beale and ex-Grant Thornton US CEO Stephen Chipman will join Clyde & Co's management board on 1 January.
Insurtech 100: August - October 2019 quarterly update
As a host of firms featured in the top 100 insurtech ranking raise money, develop new products and spin-off their own start-ups, Matt Connolly, founder and CEO of Tällt Ventures argues that incumbents are been left behind as the insurance sector reaches …
Victor set to launch Lloyd's syndicate with Asta
Victor Insurance is set to establish a syndicate at Lloyd’s and will commence underwriting with a capacity of £57m on 1 January 2020.
Liiba to roll out broker placing committee in new year
The London and International Insurance Brokers’ Association will launch a broker placing committee next year to replace its broker placing and electronic development committee and its PPL broker panel which will be wound up at the end of 2019.
Amanda Blanc lands second NED role
Amanda Blanc will join specialist motor insurer ERS as a non-executive director on 2 January 2020.
Lloyd's consortium targets space startups with all-in-one satellite cover
A consortium of 18 Lloyd’s syndicates has announced a $25m-capacity-per-risk space insurance product that seeks to capitalise on a predicted tripling of the size of global space market by 2040.
Blog: If the market is serious about stamping out harassment it cannot reward bad behaviour
For a market suffering from serious reputation issues when will insurance learn it must start making serious changes?
Interview: William Stovin, Markel International
As Markel International gears up for more growth across its national markets business and looks to build on its presence in Europe, Jen Frost spoke to Markel International president William Stovin about the history of the business and why Brexit has…
Cobra’s Alto posts pre-sale loss as costs bite
Alto Insurance, the holding company for Cobra, has reported a pre-tax loss of £2.1m for the final year ahead of its sale to PIB.
The Insurance Disability, Ability & Wellbeing Network sets out scope ahead of launch
The Insurance Disability, Ability & Wellbeing Network will be officially launched next week to mark International Day of People With Disabilities.
MS Amlin CEO Simon Beale steps down as insurer restructures
MS Amlin CEO Simon Beale is stepping down as parent company MS&AD restructures the insurer as part of an international reorganisation.
Chubb appoints Jason Keen to lead global markets
Chubb has promoted Jason Keen to division president of Chubb Global Markets following the departure of Matthew Shaw to Tokio Marine Kiln.
CEO Andrew Behrends to leave Integro at year end
Group CEO of Integro Group Holdings Andrew Behrends is leaving the company on 31 December for personal and family reasons, the business has confirmed.
Blog: Reimagining insurance by learning from API innovation in other financial services
Application programming interfaces are now key to unlocking new sources of value for financial institutions. So much so, Cytora CEO Richard Hartley argues even the most traditional firms can digitally transform if they get the right data infrastructure…
Analysis: Review of the Year 2019
It feels as if 2019 was an uncomfortable year for the general insurance market as it never quite seemed to grasp control of its own destiny. Wherever you look, carefully laid plans were derailed by the unexpected – and often unwanted – intervention of…
Analysis: Managing general agents - Gaining momentum or overheating?
Within insurance, it’s managing general agents seeing all the deals, attracting the money and the talent. The potential for big profits and lower costs drives the sector forward, but will the sector gather yet more momentum or will it overheat?
Blog: Are MGAs best placed to build the future of underwriting?
Unencumbered by legacy technology, managing general agents are well placed to invent a better future for insurance. Cytora CEO Richard Hartley on why the likes of C-Quence and Convex are creating a radically different type of insurance company.
Lloyd’s launches ‘speak up’ campaign with culture under the spotlight
Lloyd’s has launched a campaign to encourage people to speak up over “unacceptable behaviour”, after its culture survey revealed less than half of respondents felt comfortable in raising concerns.
Blog: Indemnities in real estate - where do the opportunities lie for brokers?
For many years, indemnities have aided real estate development projects and transactions writes Michael Grimwood, business development manager at CLS Risk Solutions. It has traditionally been placed within the London market due to the complex nature of…
Pioneer places syndicate in run off
Pioneer Underwriters has cut loose Syndicate 1980.
TMK recruits Matthew Shaw from Chubb as chief underwriting officer
Tokio Marine Kiln has appointed Matthew Shaw as chief underwriting officer.