Lloyd’s of London
Profile: Jon Turner, Pen Underwriting
After spending the past year hiving up a dozen entities under the Pen Underwriting roof, CEO Jon Turner talks to Will Kirkman about the managing general agent’s drive to be a ‘virtual insurer’ with the firepower to invest in data analytics and new…
Insurers hit out at FSCS consultation
The Association of British Insurers has hit back at proposals from the Financial Conduct Authority that insurers contribute towards costs of intermediary failure under the Financial Services Compensation Scheme
Career Development: Lloyd's graduate programme
Lloyd’s has opened applications for its 2018 graduate programme
R&Q takes on Prosight Lloyd's syndicate in run-off
R&Q has reached an agreement with Prosight Specialty Insurance to manage Syndicate 1110 in run-off.
This week in Post: Mergers, Microbreweries and Millennials
This week, the cold has crept in and we are bringing back our winter coats while shoving on our summer clobber to one side.
HW Wood bolsters London business
Lloyd’s broker HW Wood has bolstered its London business through three senior market hires.
Lloyd’s backs Barbican and Toa Re SPA
Toa Re and Barbican have received ‘in principle’ approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement.
International: Trade credit demand is up
European political instability and financial regulations are pushing demand for trade credit cover, especially from banks that are keen on optimising their capital.
Private equity firm invests £3m in Lloyd’s broker
Altra Consultants has received £3m investment to fund further growth in its Lloyd’s broker business.
UK loss adjuster rankings 2017: The rankings
In the two years since Post last conducted its loss adjusting survey, consolidation has changed the market considerably. Content director Jonathan Swift takes a closer look.
FERMA 2017: Risk managers warned cyber is a business risk with no boundaries
Sabine Coessens, operational risk manager, Proximus, urged risk managers to return to their offices, check all their policies for cyber cover and get a standalone policy.
BP Marsh sees profits double from asset sales
Insurance-sector investor BP Marsh saw profits more than double to £10.2m in the six months to 31 July.
FERMA 2017: Charismatic leaders could be a firm’s biggest risk
Risk managers have been urged to recognise that business leaders can be a firm’s biggest risk.
FERMA 2017: Risk managers urged to have ‘open dialogue’ and make sure firms are honest about risks
Inga Beale, CEO of Lloyds, has urged for a change in business culture to allow firms to admit to mistakes or errors so insurers can properly cover their risk exposures.
Lloyd’s writes $738m cheque to cover Harvey, Irma and Maria
Lloyd’s of London has paid $738m for Harvey, Irma and Maria claims.
International: Escape to Canada
The Canadian market offers unique opportunities for UK brokers, explains Servca's managing director Nomaan Jamal.
Interview: Manjit Takhtar, Charles Taylor Insurance Services
Manjit Takhtar, finance director and interim CEO of Charles Taylor Insurance Services, talks about hurricane claims and the role of the business in incubating maanging general agents.
Dive In Festival confirmed for 2018 following this year's high turn out
The annual Dive In Festival has been confirmed for another year, with 2017 counting the highest number of events, attendees, sponsors and participating countries to date.
Lloyd's signs AI deal with Expert System
Lloyd's of London has teamed up Italian technology firm Expert System to bring artificial intelligence into the market.
PPL update goes live with carrier integration capability
The latest update to the London market’s electronic placing platform went live today, bringing the first phase of a carrier integration capability.
This Month in Post: I met your new robot overlords
Chatbots are all the rage at present, but a cursory test of a few available systems shows that we’re still a long way from passing the Turing test.
Steve Eccles named CUO at Argo
Specialty underwriter Argo Group has named Steve Eccles as chief underwriting officer for its international business, subject to regulatory approval.
Greg Fleming steps down from Lloyd’s Council
Greg Fleming has resigned from his position on the Council of Lloyd’s as a result of work commitments.
Analysis: Hurricane harm
Hurricane season has caused devastation across the Atlantic but, despite the human death toll, the impact on reinsurers is likely to be limited