Lloyd’s/London
How insurers are supporting King Charles’ green agenda
To mark HRH King Charles III's coronation, Fiona Nicolson examines the impact of his Sustainable Markets Initiative Insurance Task Force.
Lloyd’s targets sustainable assets with £250m investment fund
Lloyd’s has launched a £250m fund to invest in “sustainability-focused assets” across private equity, infrastructure, natural capital and real estate.
Law firm Ince enters into administration
Law firm Ince Group, previously known as Ince Gordon Dadds, is set to appoint administrators after a major creditor withdrew its support following months of cashflow problems.
Q&A: Volante Global managing director Hans Døhlen
Hans Døhlen, managing director of Volante Germany, explains how Shareholder Activist Protection Insurance works.
Paying all Ukraine war claims would bankrupt insurance industry, warns Howden
The insurance industry would be bankrupted if it were forced to cover all losses associated with the war in Ukraine, David Howden has warned.
British Insurance Awards 2023 shortlist revealed
The shortlist of the 29th British Insurance Awards, which will take place at the Royal Albert Hall on 5 July, is announced today.
Nirvana director claims MGAs have a recruitment edge
Managing general agents have an edge over traditional carriers when it comes to recruiting top underwriting personnel, a director of aspiring multiline underwriter Nirvana has told Insurance Post.
Best Lloyd’s underwriting result in years not enough to prevent pre-tax loss
Lloyd’s has posted a pre-tax loss of £769m for 2022, despite achieving its strongest underwriting result since 2015.
Aercap protests fail as Russian aircraft claims to be heard together
Five lawsuits in which aircraft leasing companies are collectively seeking more than $4bn for the loss of planes stranded in Russia are to be heard concurrently in one trial, a Commercial Court judge has decided.
Lloyd’s appoints Bob James as chief operating officer
Lloyd’s has appointed Bob James, previously market transformation director, as chief operating officer.
Lloyd’s steps up worst-case scenario planning for cyber and geopolitical risks
Lloyd’s is conducting exercises with the aim of better understanding how a major cyber event or adverse geopolitical developments might give rise to losses for the market.
Hiscox’s UK & London Markets’ GWP drops for 2022 but sectors stay profitable
Hiscox’s UK and London Markets businesses both dropped gross written premium in real terms but continued profitability, as the insurer announced the launch of an ESG sub-syndicate.
Hiscox chairman Childs to retire
Hiscox chairman Robert Childs will retire and step down from the insurer’s board later this year, ending a 37-year career at the insurer.
Russian airlines approach Aercap over ‘potential insurance settlements’
Russian airlines have reached out to aircraft leasing giant Aercap over “potential insurance settlements” after over 100 planes were stranded in the country when conflict broke out in Ukraine last year.
Lloyd’s working to address ‘awful’ infrastructure within the London Market
Rich Boyd, head of digital claims at Lloyd’s, has said the marketplace is working on a way to help insurtechs and start-ups to sell into and connect up to London-based underwriters’ tech systems.
War exclusions curb Beazley’s cyber growth
Updated war exclusions slowed down the growth of Beazley's cyber book last year, according to CEO Adrian Cox.
‘Hardly any insurance players put customers at the heart of the product,’ says Beale
Dame Inga Beale has said radical thinking is needed to change insurance, encouraging insurtechs to continue challenging the current way of operating.
‘Father of the house’ of Lloyd’s Michael Meacock passes away
Michael Meacock, active underwriter for Meacock Syndicate 727, has passed away at the age of 85.
Hazards are still stalking the high seas for marine insurers
Analysis: David Worsfold examines how the Russia and Ukraine war has presented marine insurers with several tricky challenges, including insuring ships in the safe-grain corridor, and keeping abreast of the constantly changing sanctions regimes.
Government seeks insurance support for carbon storage projects
Insurers are being encouraged to come up with solutions for carbon capture and storage projects, with both prospective clients and the UK government leaning on the industry for support.
Ascot president replaces retiring Brooks as group CEO
Retiring Andrew Brooks is succeeded by Ascot's group president Jonathan Zaffino as CEO with immediate effect.
View from the Top: Markel’s Nick Line on what insurers need to get right in 2023
Nick Line, chief underwriting officer at Markel International, outlines why serving customers, recruiting talent and embracing new technology are front of mind this year.
PRA stress tests raise concerns about reliance on reinsurers
The Prudential Regulation Authority intends to assess reinsurance risks that could threaten the financial stability of some general insurers later this year.
European Insurance Technology Awards 2022 winner - automation, data, software: Phinsys
Finance and accounting innovator Phinsys has swept up three awards after impressing the judges with a cloud-based offering that’s bringing an overlooked back-end function into the age of automation. Jennifer Bollen investigates.