Lloyd’s of London
Neon goes into run-off
Neon Underwriting has been put into run-off by owner American Financial Group.
Editor's comment: 2020 - A year of celebration
The year 2020 has been a long time coming for some in our family. In 1995 my lovely, tiny and very northern grandmother turned 95 and since then all 12 of her great-grandchildren have been counting down to the day she turns 100 and gets her card from The…
Roundtable: What’s next for the modernisation of Lloyd’s and the London market?
Against a background of the winding down of the Target Operating Model and the publication of the Future of Lloyd’s Blueprint, Post, in conjuction with WNS, invited industry experts to discuss the six suggested proposals to modernise the market. Post…
PRA ups Lloyd’s scrutiny after whistleblower system failure
The Prudential Regulation Authority has rolled out special requirements for Lloyd’s after it emerged that the only anonymous whistleblowing channel for the corporation’s staff did not work for over a year.
Victor to write follow-on business through 'virtual' Lloyd's syndicate
Victor Insurance will operate at Lloyd’s as a “virtual syndicate” writing follow-on business as it looks to provide its capital partners opportunities to participate in risks around the world.
Ex-Lloyd’s CEO Inga Beale joins Clyde & Co board
Former Lloyd’s CEO Inga Beale and ex-Grant Thornton US CEO Stephen Chipman will join Clyde & Co's management board on 1 January.
Insurtech 100: August - October 2019 quarterly update
As a host of firms featured in the top 100 insurtech ranking raise money, develop new products and spin-off their own start-ups, Matt Connolly, founder and CEO of Tällt Ventures argues that incumbents are been left behind as the insurance sector reaches …
Victor set to launch Lloyd's syndicate with Asta
Victor Insurance is set to establish a syndicate at Lloyd’s and will commence underwriting with a capacity of £57m on 1 January 2020.
Liiba to roll out broker placing committee in new year
The London and International Insurance Brokers’ Association will launch a broker placing committee next year to replace its broker placing and electronic development committee and its PPL broker panel which will be wound up at the end of 2019.
Lloyd's consortium targets space startups with all-in-one satellite cover
A consortium of 18 Lloyd’s syndicates has announced a $25m-capacity-per-risk space insurance product that seeks to capitalise on a predicted tripling of the size of global space market by 2040.
Blog: If the market is serious about stamping out harassment it cannot reward bad behaviour
For a market suffering from serious reputation issues when will insurance learn it must start making serious changes?
Bermudian premier David Burt targets innovative insurers
The Bermudian premier David Burt has sung the praises of his country’s insurance market as a “sandbox” for innovative insurers and called on the London market to collaborate on efforts to drive the sector forwards.
Analysis: Review of the Year 2019
It feels as if 2019 was an uncomfortable year for the general insurance market as it never quite seemed to grasp control of its own destiny. Wherever you look, carefully laid plans were derailed by the unexpected – and often unwanted – intervention of…
Analysis: Managing general agents - Gaining momentum or overheating?
Within insurance, it’s managing general agents seeing all the deals, attracting the money and the talent. The potential for big profits and lower costs drives the sector forward, but will the sector gather yet more momentum or will it overheat?
Lloyd’s launches ‘speak up’ campaign with culture under the spotlight
Lloyd’s has launched a campaign to encourage people to speak up over “unacceptable behaviour”, after its culture survey revealed less than half of respondents felt comfortable in raising concerns.
Pioneer places syndicate in run off
Pioneer Underwriters has cut loose Syndicate 1980.
Vibe syndicate to enter run off
Vibe will place Syndicate 5768 into run off at the end of the year.
Lloyd’s to form single governing body
Lloyd’s of London has confirmed it will merge its Council and Franchise Board from 1 June 2020, after receiving widespread support from across the market and revealing ambitions to build the most 'advanced insurance market' in the world.
Analysis: Under the skin of Lloyd's Blueprint One
Lloyd’s has published Blueprint One: the first of a number of ‘blueprints’ it intends to produce over the coming years as it overhauls the market for the 21st century
Interview: David Walsh, CFC Underwriting
A child of the dot-com boom, CFC Underwriting has now left its teenage years behind as it enters its twentieth year as one of the pre-eminent specialist managing general agents in the London market. CEO David Walsh spoke to Jonathan Swift about the …
This week in Post: Carnival spooks
This week, some Post colleagues and I attended CFC Underwriting's annual Halloween party. The theme this year was carnival, and accordingly, the party was full of clowns, fortune tellers and more than the odd Joker.
Marsh raises concerns over syndicates' response to Lloyd's silent cyber mandate
Businesses could face surprising changes to their policy wordings ahead of their January renewals, as Lloyd’s property underwriters move to either affirm or exclude cyber coverage.
Vinay Mistry joins Lloyd's reinsurer Apollo as CRO
Apollo Syndicate Management has appointed Vinay Mistry as chief risk officer.
TMKI ops head takes middle market role at Chubb
Chubb has appointed Jonathan Poole as head of middle market for UK and Ireland, effective from 6 January 2020.