Lloyd’s of London
Dive In to delve into the 'Diversity Dividend'
The 'Diversity Dividend' is the theme of the third edition of the Dive In festival taking place in September.
LMA launches claims management hub for Lloyd’s carriers
The London Market Association has approved the creation of a claims expert management hub for Lloyd’s carriers.
Businesses to face bigger costs for ransomware attacks
Businesses are being warned that they could face greater financial fall-out if they become victim to a cyber or ransomware attacks, following the Petya attack on Tuesday.
Trade voice: Modernising the London Market
The London Insurance Market is unique not just because of its age and history but also because of the way it is structured and the way it operates. Dr Miriam Goldby, of the British Insurance Law Association, examines the potential legal implications of…
Lloyd's to submit Brussels structure in September
Lloyd’s of London will submit a formal application for its Brussels hub structure in September, the corporation's CEO has said.
Lloyd’s to shed one in 10 jobs in cost-cutting drive
Lloyd’s of London is to strip headcount by 10%, roughly equivalent to 70 staff, as the corporation continues to tackle costs.
R&Q sells Lloyd's managing agency to Coverys
Randall & Quilter has sold its Lloyd's managing agency, R&Q Managing Agency, to Coverys, a US-based medical professional liability insurer for $22.6m.
Lloyd's: AI, regtech and collaborating with start-ups are key focus areas
Artificial intelligence, regtech and collaborating with start-up incubators are key areas of focus for Lloyd’s as it seeks to modernise, the markets technology head has said.
Chaucer picks Dublin for its EU base
Specialty carrier Chaucer has chosen Dublin for its post-Brexit insurance hub.
Aviation insurers launch model Brexit clause for multi-year policies
Aviation insurers have launched a model contract continuation clause to keep multi-year policies in place after Britain leaves the European Union, the International Underwriting Association said.
CII launches London Market qualification
The Chartered Insurance Institute has launched a qualification in London Market Insurance for those working in or conducting business through the London Market.
Bruce Carnegie-Brown officially starts as Lloyd’s chairman
Bruce Carnegie-Brown officially started as Lloyd’s new chairman today, taking up the role following the retirement of John Nelson.
Neon expands offshore footprint with Sapphire purchase
Neon has expanded its offshore footprint through the acquisition of Guernsey-based Sapphire Underwriters.
Blog: London needs to get global
To maintain its competitive position, the London insurance market needs to become a truly global hub, write Chris Beazley, CEO of the London Market Group, and Paul Clark, partner at the Boston Consulting Group
Lloyd’s syndicate Pro Sight goes into run-off
Lloyd’s insurer Pro Sight has been placed into run-off, the corporation has confirmed.
RSA chooses Luxembourg for post-Brexit hub
Insurance giant RSA is to set up an office in Luxembourg in response to the UK’s decision to exit the European Union.
UK General appoints John Spencer as chairman
Markel non-executive director John Spencer has been appointed as a non-executive chairman of UK General.
LMA forms members’ agents committee
The Lloyd’s Market Association has formed a members’ agents committee, which will represent the interests and priorities of providers and advisers of third party capital at Lloyd’s.
Empty shells or letter boxes ‘not acceptable’ post-Brexit subsidiaries, EU regulator says
Insurers looking to set up a post-Brexit base in the European Union will need to ensure their relocation plans have the proper supervision, the chairman of the European insurance watchdog has said.
This Week in Post: Manchester in our thoughts
The Manchester attack touched us all this week. Because we might live or work in the city. Because we might have visited recently. Or because we have, you know, a heart.
Nexus's Colin Thompson on claims and the virtual insurer
Claims are the insurance shop window but are insurers really using them as differentiator they should, asks Colin Thompson, founder and executive chairman of Nexus.
Political risks: Halting new threats
Businesses with domestic and international footprints are increasingly demanding protection from political risks. But, as the threats have changed in recent years, so has the cover that serves to protect against them
Globe Underwriting enters marine market
UK-based managing general agent, Globe Underwriting, has entered the marine market with the launch of a new marine division.
Liberty Specialty denies reports it has picked Luxembourg for post-Brexit base
Liberty Specialty Markets denied it had already made a decision over the base of its European Union subsidiary, despite reports it has picked Luxembourg for the base.