Lloyd’s/London
Hiscox’s Robert Childs appointed deputy chairman of Lloyd’s
Industry heavyweight Robert Childs, non-executive chairman of Hiscox, has been appointed deputy chairman of Lloyd’s.
Lloyd's broker Servca expands Canadian footprint
Specialist Lloyd’s broker Servca has expanded footprint into Canada, providing regional Canadian brokers with direct access to Lloyd’s of London.
Fitch revises Lloyd's outlook to negative
Fitch Ratings has downgraded Lloyd's of London's outlook to negative from ‘stable’ issuing a stark warning over the markets due deteriorating underwriting performance and increased exposure to catastrophe risk.
Dive In to delve into the 'Diversity Dividend'
The 'Diversity Dividend' is the theme of the third edition of the Dive In festival taking place in September.
Aquila sells Vectura Underwriting stake to Nexus Group
Aquila Underwriting has sold its interest in Vectura Underwriting to the Nexus Group.
Ed appoints James Blacker as P&C managing director
Global reinsurance, wholesale and specialty broker Ed has appointed James Blacker as managing director of property and casualty.
Medical provider gains Lloyd's coverholder status in Hong Kong
Global health insurer ALC Health, known as a la carte healthcare, has become a Lloyd's coverholder in Hong Kong and opened an office in the Special Administrative Region.
MS Amlin's European business heads to Belgium due to Brexit
MS Amlin is to re-domicile its European business, Amlin Insurance Societas Europaea to Belgium in response to Brexit.
Antares adds David Hobbs, Mike Finch and Paul Grimsey to its board
Lloyd’s managing agent Antares has appointed internal candidates to the roles of chief operations officer and finance director and added both executives and its chief actuary to its board.
LMA launches claims management hub for Lloyd’s carriers
The London Market Association has approved the creation of a claims expert management hub for Lloyd’s carriers.
Businesses to face bigger costs for ransomware attacks
Businesses are being warned that they could face greater financial fall-out if they become victim to a cyber or ransomware attacks, following the Petya attack on Tuesday.
Government to introduce ILS framework in the autumn
The Government is to introduce a framework for Insurance Linked Securities before parliament with the hope of getting it up and running in the autumn, the Economic Secretary to the Treasury, has said.
Trade voice: Modernising the London Market
The London Insurance Market is unique not just because of its age and history but also because of the way it is structured and the way it operates. Dr Miriam Goldby, of the British Insurance Law Association, examines the potential legal implications of…
Lloyd's to submit Brussels structure in September
Lloyd’s of London will submit a formal application for its Brussels hub structure in September, the corporation's CEO has said.
Lloyd’s to shed one in 10 jobs in cost-cutting drive
Lloyd’s of London is to strip headcount by 10%, roughly equivalent to 70 staff, as the corporation continues to tackle costs.
R&Q sells Lloyd's managing agency to Coverys
Randall & Quilter has sold its Lloyd's managing agency, R&Q Managing Agency, to Coverys, a US-based medical professional liability insurer for $22.6m.
Lloyd's: AI, regtech and collaborating with start-ups are key focus areas
Artificial intelligence, regtech and collaborating with start-up incubators are key areas of focus for Lloyd’s as it seeks to modernise, the markets technology head has said.
Aviation insurers launch model Brexit clause for multi-year policies
Aviation insurers have launched a model contract continuation clause to keep multi-year policies in place after Britain leaves the European Union, the International Underwriting Association said.
CII launches London Market qualification
The Chartered Insurance Institute has launched a qualification in London Market Insurance for those working in or conducting business through the London Market.
This Week: Stoic London
The generosity and heroic nature of Londoners came to the fore this week, when after two recent terrorism attacks the city saw the worst fire in recent history. Firefighters were heralded for entering the 24-storey flaming building and the community came…
Bruce Carnegie-Brown officially starts as Lloyd’s chairman
Bruce Carnegie-Brown officially started as Lloyd’s new chairman today, taking up the role following the retirement of John Nelson.
Neon expands offshore footprint with Sapphire purchase
Neon has expanded its offshore footprint through the acquisition of Guernsey-based Sapphire Underwriters.
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.