Marco Capital’s planned acquisition of Pro Global merges the business with PoloWorks into a single integrated insurance services platform, with the combined unit aiming to “industrialise” London market data.
As the September deadline for the FCA’s non-financial misconduct rules approaches, Séamus O’Hanlon explores how insurers are adapting to the regulation and if it will make a difference.
Lloyd’s has embraced delegation at scale, but Richard Spencer, managing partner of New Link Consulting, argues governance and customer outcome monitoring have failed to keep pace.
Centerbridge Partners, the primary shareholder of insurance and reinsurance firm Canopius Group, is open to offers on the business, sources have told Insurance Post.
Nathalie Crystal, associate director at Omnia Partners, proves the importance of preparation by packing in plenty of meetings with journalists at this year's British Insurance Brokers’ Association conference.
Alexandra Lyons, partner at law firm Stewarts, outlines how Nord Stream lost a €580m lawsuit in which it called for its insurers to pay out over explosions that damaged pipelines and examines the ramifications for the industry.
The next phase of Lloyd’s digital transformation will prioritise smaller, deliverable projects over ambitious multi-year programmes, with a roadmap expected “shortly”, according to International Underwriting Association CEO Chris Jones.
Editor’s View: Emma Ann Hughes observes Lloyd’s investigation of John Neal’s conduct raised important questions about whether insurers have the transparency, governance and culture required to tackle personal relationships when they intersect with power.
Sheila Cameron, CEO of the Lloyd’s Market Association, praises whistleblowers, backs Sir Charles Roxburgh’s governance reforms and urges the market to focus on implementing the lessons learned from the investigation into former Lloyd’s CEO John Neal.
Former Lloyd’s corporate affairs director Rebekah Clement is considering legal action after the London Market’s investigation concluded she breached its compliance policy.