Lloyd’s/London
Beazley CEO hails ‘standout year’ for property underwriting
Beazley CEO Adrian Cox has labelled property risks as one of the insurer’s “biggest long-term opportunities”, saying that underwriting conditions increasingly favour the specialty market.
Hiscox sets sights on 5%-15% retail growth after subdued 2023
Hiscox is aiming to grow its UK retail business by 5% to 15% in 2024, after new business growth in 2023 fell “below management expectations”.
Aviva confirms Lloyd’s return with £242m Probitas deal
Aviva has struck a deal to acquire Probitas, confirming its return to Lloyd's this morning (4 March).
Who’s next on Lloyd’s Big Game hit list after snagging Aviva?
Content Director’s View: With Aviva tipped to return to Lloyd’s in 2024, Jonathan Swift weighs up who else might be trailed, tracked and snared by the market’s CEO John Neal.
Lloyd’s DEI role model Erik Johnson
Last year, Lloyd’s commissioned Franklyn Rodgers to create six portraits of diverse role models, and over the coming weeks, we will feature them all. The penultimate spotlight is on Erik Johnson, a founding board member of Inclusion@Lloyd’s.
Dancing climate protestors target ‘oily money-driven’ Lloyd’s
Campaigners have named and shamed Lloyd’s of London for continuing to “insure and enable” fossil fuel expansion and “human rights–abusing projects”.
Lloyd’s CEO addresses rumours he is big game hunting
John Neal, CEO of Lloyd’s of London, has responded to claims he is chasing more multi-national insurers to join Aviva and enter the marketplace.
Lloyd’s DEI role model Kirat Kaur Nandra
Last year, Lloyd’s commissioned Franklyn Rodgers to create six portraits of diverse role models, and over the coming weeks we will feature them all. Today’s spotlight is on Kirat Kaur Nandra, diversity, equity and inclusion champion and currently credit…
Aviva to return to Lloyd’s ‘by the end of the year’
Aviva will be in Lloyd’s by the end of the year, after years of rumours suggesting the insurer's return to the marketplace, a source has told Insurance Post.
Shaw promoted to CEO at Tokio Marine Kiln
Tokio Marine Kiln has promoted its chief underwriting officer, Matthew Shaw, to CEO amid leadership changes at parent group Tokio Marine.
Lloyd’s DEI role model: David Flint
Last year, Lloyd’s commissioned Franklyn Rodgers to create six portraits of diverse role models and over the coming weeks we will feature them all with today’s spotlight on the ambassador of the Lloyd’s Football Club and CEO of Blue Mountain Capacity…
LMA CEO Cameron on the London market’s digital transition
Trade Voice: As Blueprint Two efforts gain momentum, Sheila Cameron, CEO of the Lloyd’s Market Association and chair of the London Market Group’s Data Council, reflects on the opportunities ahead for her organisation’s members in 2024.
Marine insurers won’t pull cover over Red Sea attacks
There is “no reason” for insurers to withdraw cover for Red Sea shipping amid ongoing attacks on vessels in the region, the Lloyd’s Market Association’s marine head has said.
Lloyd’s DEI role model Rob Anarfi
Last year, Lloyd’s commissioned Franklyn Rodgers to create six portraits of diverse role models and over the coming weeks we will feature them all with today’s spotlight on Beazley chief risk officer Rob Anarfi.
Lloyd’s and London market DEI role model Rebecca Mason
Last year, Lloyd’s commissioned Franklyn Rodgers to create six portraits of diverse role models, which were displayed in its historic Old Library to celebrate the progress made in creating an inclusive cultural marketplace. Over the coming weeks we will…
New year, new shape of the City for insurers
As Lloyd’s stays put in Lime Street and Aviva kicks off 2024 in a new City HQ, Emma Ann Hughes examines how insurers are reshaping the square footage they occupy in the Square Mile.
Lloyd’s delays launch of Blueprint Two’s second phase
Lloyd’s and Velonetic have delayed the launch of the second phase of Blueprint Two until April 2025 – six months after the previous go-live date of October 2024.
Lloyd’s D&O book expected to shrink
Directors’ and officers’ insurance is set to contract as a class of business at Lloyd’s next year, as the market keeps up its strong messaging on what it expects of underwriters.
Walsh and Newman to leave CFC following Lloyd’s investigation
David Walsh and Graeme Newman will leave CFC Underwriting in 2024 following a Lloyd’s investigation into allegations of non-financial misconduct at the company.
Tokio Marine reveals risks faced by London
London’s future is threatened by more extreme flooding and failure to keep pace with technology, according to a new study, with Tokio Marine arguing insurers should help the city prepare for cybersecurity and artificial intelligence developments.
Insurers and Ukrainian government to split Black Sea shipping risks
Ukraine has struck a deal with Marsh and insurers at Lloyd’s to set up a public-private partnership providing cover for Black Sea grain shipments.
Planned Lloyd’s investment venture scrapped at eleventh hour
Financials Acquisition Corp, which had planned to provide hundreds of millions of pounds of capacity to Lloyd’s syndicates as early as 2024, following a proposed merger, is now set to appoint liquidators.
Lloyd’s earmarks £52m following slavery ties research
Lloyd’s has launched a programme of initiatives to help Black and ethnically diverse people join and build careers in the market following independent research into its historic links to the transatlantic slave trade.
Using algorithms to underwrite commercial and specialty market risks
Analysis: Harry Curtis examines the applications of algorithmic underwriting in commercial and specialty insurance, what role the approach leaves for human underwriters, and what challenges it presents.