Lloyd’s has confirmed that it will close its underwriting room at 4pm on Thursday 19 March saying it was keeping in line with government advice to avoid all non-essential contact.
Lloyd’s has taken the decision to stay open including its underwriting room with a small office-based team keeping the London building open and critical services running.
The London and International Insurance Brokers’ Association has remained open but is ready to close its office and work remotely according to CEO Chris Croft.
This week the World Health Organisation labelled Covid-19 a pandemic as the number infected worldwide and fatalities from the disease continue to rise. As global stock markets crash sparking fears of a recession, the ripple effect has been felt across…
The Lloyd’s Market Association has published policy language that aims to ensure policyholders aren’t left without cover if the coronavirus outbreak disrupts renewal discussions.
On Friday Lloyd’s will close its underwriting room at 1 Lime Street as it tests its alternative trading protocols.
The use of cryptocurrencies continues to grow with investors increasingly regarding them as another asset class, while an increasing number of companies and countries now accept them as valid forms of currency
Acquisitions in the UK distribution space rose 13% last year, according to research by Imas Corporate Finance. Post investigates what is driving the increase in consolidation and the challenges buyers are facing in their traditional hunting grounds
Post content director Jonathan Swift ponders whether Parametric insurance will live up to the hype of being The Next Big Thing, in the way that Blockchain has perhaps failed to.
Hiscox yesterday played down worries over coronavirus as it revealed it had seen some small claims.
Digital Risks has hailed new lead investor BHL Holdings as a potential game changer in terms of the SME specialist insurtech realising its global ambitions.
Hiscox Group has reported a slump in pre-tax profits to $53.1m (£41.6m) in 2019 as catastrophe costs of $165m took their toll despite a significant rise in investment income.
ERS has recorded profit of £13.9m for 2019, its best performance since being bought by Aquiline in 2013.
Post senior reporter Emmanuel Kenning asks if Pool Re is facing an existential crisis after the Office for National Statistics’ judgement that the mutual reinsurer should become part of the government.
The Office for National Statistics has judged that Pool Re should be classified as part of the central government subsector in a surprise move that has raised questions about the future of the mutual reinsurer.
In 2009 Laurence Besemer became the first CEO of the Forum of Insurance Lawyers, the UK trade body for defendant law firms. A decade into the role he spoke to Jonathan Swift about its commitment to its members, a successful 2019 and why it is definitely…
As American film producer Harvey Weinstein's sexual abuse case again makes headlines, the spotlight on diversity and equality is having an impact on many businesses, regardless of size, nature or geographical location writes Jennifer Boldon, partner in…
Jon Hancock has been appointed CEO of AIG’s international general insurance division, and will join the company this spring.
The team in charge of the Lloyd’s Blueprint One modernisation plans admits the process is not yet pinned down as Lloyd’s CEO John Neal said they would be “happy” to run proofs of concept several times before hitting on success, as the corporation today…
Insurtech start-up Collective Benefits has closed a £3.3m seed funding round involving Stride VC alongside existing investors Delin Ventures and Insurtech Gateway.
Innovation in insurance should focus on continually challenging our processes, our technology and our people to deliver what our clients want writes Dave Walsh, CEO of CFC Underwriting.
Analysis: The expansion of the global space market: What opportunities does this present to insurers?
It is 55 years since underwriters at Lloyd’s penned the first space insurance policy, covering the Intelsat I ‘Early Bird’ satellite. Today there are more than 2000 active satellites orbiting the planet and the accelerating commercialisation of space is…
The government is likely to make an announcement delaying the much-awaited whiplash claims portal in a matter of days, sources close to the project told Post this week.
The Financial Conduct Authority is well within its rights to give the wholesale market a telling off on culture and modernisation, writes Post news editor Jen Frost.