Lloyd’s/London
Blog: Why Lloyd's is losing out on insurance technology innovation - and how it can fix this
While the founder of Lloyd's might be amazed by how far Lloyd's of London has come in a little over 300 years, this insurance market is no longer the pioneer of the industry that it once was.
Claims Club: Ex-Lloyd's CEO Ward urges wider tech focus
Insurers are too interested in “hygiene” factors at the expense of how technology might impact their business.
New contract with key broker for Xchanging
Technology services provider Xchanging has won a contract with Aon, announced this morning (30 November).
Bryant to swap Lloyd's for Swiss Re Corporate Solutions in Hong Kong
Dylan Bryant, Lloyd's Hong Kong general representative, is to leave early in the new year for a role at Swiss Re Corporate Solutions.
Shanghai broker registers with Lloyd's
Shanghai Asian Insurance Brokers has become the first Chinese broker to register with Lloyd's.
Lloyd's syndicates unite for $400m natural catastrophe pool
Eight Lloyd's syndicates are uniting to help protect emerging economies in Africa, Asia and Latin America from natural catastrophes.
Career development: LMG tackles skills gap with market-wide survey
The London Market Group is aiming to tackle the skills gap with a market-wide survey designed to identify existing skill gaps and gain better insight into the talent requirements of the market of the future.
LMA elects Beazley underwriting boss Maidment as chairman
Beazley chief underwriting officer Neil Maidment has been elected chairman of the Lloyd’s Market Association.
Benefits of blockchain championed to slow starters in the UK
The UK insurance industry is "woefully behind" in its take up of blockchain technology, which commentators say will radically change the way insurance contracts and settlements are handled as well as potentially reducing insurance fraud.
Insurers feel 'under prepared' for cyber attack
Almost half of the insurers in the London Market feel under prepared for a Talk Talk-style cyber attack according to a survey by business technology provider Xchanging.
Aon opens global HQ in London's Cheesegrater
Aon has officially opened the Aon Centre at 122 Leadenhall Street, London, commonly known as the Cheesegrater.
Ryan Specialty Group acquires M&A specialist MGA
Chicago-based Ryan Specialty Group has acquired managing general agent Hunter George & Partners, which offers insurance solutions for mergers and acquisitions.
London remains key market for energy buyers
London is still the number one market for many energy buyers with the concentration and experience of the market leading to a more efficient buying process, a risk expert told the London Power Forum this month.
LMA starts new committee to focus on CROs
The Lloyd’s Market Association has set up a new committee of chief risk officers to examine best practice and promote high technical standards among CROs.
Tasker hires Herdman as NED
Tasker Insurance Group has appointed former Oval group managing director Jeff Herdman as non-executive chairman.
Motorsports specialist Ellis Clowes acquired by Integro
Lloyd’s sports and hostile territories specialty broker Ellis Clowes has been acquired by US-based broker Integro.
Novae CEO Fosh confident for Q4 despite softening market
Novae Group CEO Matthew Fosh believes the specialist Lloyd’s player is “well positioned” for the final quarter, despite a softening rating environment, after achieving a 20.3% uptick in gross written premiums over the opening nine months of 2015.
Global insurance leaders back inaugural Insurance Careers Month
Lloyd's CEO Inga Beale is one of several global insurance players to pledge their support to the inaugural Insurance Careers Month to be held during February 2016 in the US.
LMG welcomes start of ILS legislative process
The government has tabled an amendment to the Bank of England and Financial Services Bill seeking power for the Treasury to make regulations facilitating and regulating insurance linked securities (ILS) business, a move welcomed by the London Market…
Aspen recruits from XL Catlin for Lloyd's Singapore platform
Aspen Insurance will become the latest syndicate to join the Lloyd's Asia platform.
Pressure building as Solvency II enactment enters final countdown
As the Solvency II countdown enters its final stages industry observers are warning some insurers will struggle to be ready by the 1 January start date and that there could be more pain on the horizon.
Local markets to benefit as Lloyd's targets more shariah compliant underwriters
Moves by the London market to embrace the provision of Islamic insurance products will provide a boon to local markets and customers, according to the CEO of the Dubai Islamic Economy Development Centre.
Mahoney replaces Turnbull as RFIB CEO
RFIB Holdings executive chairman Dennis Mahoney is to replace Jonathan Turnbull as CEO at the company.
Xchanging pens three year deal with Lloyd's Asia platform
From 1 January 2016 Xchanging will provide technology to the Lloyd's Asia platform in Singapore.