Lloyd's/London
Barbican and Howden swept up in Gable fallout
Barbican Specialty Re and broker Howden are the latest companies to become embroiled in the fallout of Gable.
British Insurance Awards: 2018 shortlist revealed
C'mon everybody, it is shortlist time!
Why blockchain needs to deliver better, not just different, insurance products
Insurers need be wary of one of the biggest traps in new product development – building it because you can, not because you should, when it comes to blockchain. Neil Edwards, CEO of The Marketing Eye, explains why to succeed this technology needs to…
Horton succeeds Aubert as LMG chair
Beazley CEO Andrew Horton has been named chair of the London Market Group.
Underwriting pressure drives negative outlook for London market
Underwriting pressure from the high cost of doing business have caused Fitch Ratings to report a negative sector outlook for London market reinsurance and insurance in 2018.
Lloyd’s launches Casablanca office
Lloyd's has opened an office in Morocco’s Casablanca Finance City as the market targets growth in North Africa.
Blog: Intellectual property insurance still under valued despite rise of cyber attacks
There still appears to be a significant disconnect between the understanding of cyber risks and the response to them at board level. RGL Forensics partner Ben Hobby explains that as a result companies might have already suffered, or are about to suffer,…
Endeavour introduces cyber offering to protect against physical damage
Delegated Authority Specialist and Lloyd’s Broker Endeavour has developed a cyber product to protect manufacturers against the physical damages that occur due to a breach.
Cat bond issuance hits $3.1bn in Q1
Insurers and reinsurers sponsored $3.1bn (£2.2bn) in catastrophe bonds in the first quarter of 2018, up 34% from the first quarter of 2017, according to data analytics provider PCS.
Downstream energy sector suffers worst loss in nearly a decade
The downstream energy sector suffered its worst loss record for nearly a decade in 2017 with low rating levels exacerbated by one of the worst catastrophe loss years on record.
Regional review: Jersey
The largest of the British Channel Islands, Jersey is located 100 miles from the south of England and 14 miles off the French coast. Covering 45 square miles, the island offers one of the world’s major international finance centres. For the island's…
Brokers informed Q&A: Chubb's Karen Strong and Dan Atkinson
Chubb’s Karen Strong and Dan Atkinson talk to Jonathan Swift about why Chubb reviewed its real estate offering and how it intends to take this to the ‘next level’ with hires and delivering a ‘complete solution’ to clients
Integro snaps up Lloyd’s broker Tysers
Private equity-backed broker Integro has acquired specialist Lloyd’s broker Tysers.
The Hanover eyes Chaucer sale
The Hanover is considering a sale of Chaucer, its Lloyd’s specialty insurance business.
Blog: The five peril categories to better manage cyber risks
There needs to be a significant shift in how cyber risk is understood and managed to help boards have a more accurate view of potential losses, as well as opportunities. Robert Vescio, chief analytics officer, SSIC, explains how using five peril…
Wilson sees earnings slashed despite Aviva profit
Aviva CEO Mark Wilson has seen total earnings fall despite the company returning to profit this year, continuing a trend of ongoing executive pay cuts.
Trump signs flood programme extension despite veto threat
The National Flood Insurance Programme would be extended to 31 July as part of a $1.3trn federal spending package signed by President Trump on Friday despite threatening to veto the bill earlier the same day.
Regulation Q&A: From GDPR to IDD, Brexit to the future of the PRA, what do insurers really think?
The regulatory landscape is constantly evolving, With this in mind, Post asked a number of senior insurance figures about some of the most pertinent changes that are afoot from GDPR to the IDD, and how they would like the situation to develop in a post…
UK is a few years away from direct cyber market: CIBA 2018
The cyber insurance market is evolving into a more digitally enabled one, which might help it open up to smaller customers where penetration is typically lower.
Over half of Lloyd’s MGAs have under resourced teams
The majority of Lloyd’s managing agents are struggling with a lack of resources in their delegated authority teams.
Marsh's White replaces Agnew as LIIBA chair
Roy White, chairman of UK specialties at Marsh, has been named as chair of the London and International Insurance Brokers’ Association.
This week in Post: Why insurers should head to a Maths Jam
This week I attended my first Maths Jam, a gathering of self-confessed maths enthusiasts who get together in a pub and share stuff they like.
Lloyd’s positive on ILS cover for Central Fund
Capital from Insurance Linked Securities could be used to back the Lloyd’s Central Fund as early as next year, the market’s chief financial officer has said.
Hiscox's Masojada named PPL chair
Hiscox CEO Bronek Masojada has been named chair of the London market’s electronic placing platform, Placing Platform Limited.