Lloyd’s/London
Lloyd’s invites staff redundancies amid challenging market
The Corporation of Lloyd’s has issued a letter to staff inviting them to register for voluntary redundancy.
London failing to stem reinsurance decline, says LMG
The London market is losing ground as a global centre for reinsurance and faces significant challenges in emerging markets and diversity, according to the London Market Group
Costa Concordia captain's sentence upheld
The captain of the Costa Concordia, which capsized in 2012 killing 32 people, has had his 16-year jail sentence upheld.
LMA calls for discount rate change
The Lloyd’s Market Association has called for major changes to the way the personal injury discount rate is set.
Beazley posts 2% drop in gross written premium
Insurer Beazley has reported a 2% drop in gross premium written in the three months to the end of March 2017.
Novae warns on full year COR and exits four lines
Lloyd's specialist insurer Novae is reshaping its business as it expects a full year combined operating ratio above 100% for the full year.
Nigel Farage slams Lloyd's chairman over Brexit warnings
Nigel Farage has criticised Lloyd's of London chairman John Nelson over pre-referendum warnings on the negative impact of Britain withdrawing from the European Union.
Hiscox chooses Luxembourg as post-Brexit base
Hiscox has announced plans to open a European subsidiary in Luxembourg in response to Britain’s exit from the European Union.
Towergate backers launch general insurance giant
Towergate backers HPS Investment Partners and Madison Dearborn Partners will consolidate Towergate with Autonet, Chase Templeton, Price Forbes and Ryan Direct to form a general insurance giant.
Mackinnon and Nanra join ICA's board
The Insurance Council of Australia has appointed two senior members to its board.
Editor's comment: Surprise!
I probably wouldn’t make a very good insurer or broker as I love a good surprise and I deal quite well with change.
Brexit: The location game
With Brexit negotiations now launched, insurers are taking steps to secure their access to the European market. How many will follow Lloyd's to Belgium?
Impact of Dive in Festival sees more Lloyd's firms implementing formal D&I policies
The number of Lloyd’s firms with diversity and inclusion councils or committees has gone up by 17.5% since 2016.
Aubert reappointed as London Market Group chair
The London Market Group has re-appointed Willis Towers Watson GB head Nicolas Aubert as its chair.
Media, technology and cyber MGA Nirvana launches
Former Axis Capital London media and technology manager Rob Jones has launched a managing general agent targeting media, technology and cyber liability risks.
Report: Insurance Census 2017- the face of insurance
Insurance, like many financial services sectors, has a reputation for being pale, stale and male.
Hiscox CUO sells £1.2m shares
Richard Watson, the chief underwriting officer at Hiscox, has sold a total of £1.2m of shares in the company.
AM Best downgrades MS Amlin’s Lloyd’s Syndicate 2001
AM Best has downgraded the financial strength rating of MS Amlin's Lloyd's syndicate 2001 to A from A+.
British Insurance Awards: 2017 shortlist revealed
Today we reveal the companies that will be in the running for the 23rd British Insurance Awards at the Royal Albert Hall.
'Business as usual' at Probitas despite owner Istmo's liquidation
Lloyd’s syndicate Probitas 1492 has stated it will continue to trade as usual following the appointment of liquidators at majority owner Istmo Re.
Aspen Insurance teams up with US Risk on marine
Aspen Insurance will offer marine insurance across the United States through a partnership with the wholesale broker US Risk.
Obituary: Neil Mills, ‘the Pope’ of Lloyd’s
Neil Mills, a well known insurance broker known as the “the Pope” at Lloyd’s of London, passed away on 3 March aged 93.
Lloyd’s confirms Council and Franchise Board appointments
Lloyd’s has appointed Gregory Fleming and Patricia Jackson to the Council of Lloyd’s and the Franchise Board respectively.
Lloyd’s faces 'structural revolution' as market challenges drive change, says Macquarie
Lloyd’s will undergo a “structural revolution” as digital innovation and alternative capital sources impact the market, according to Macquarie Research.