Lloyd's of London News – Page 24
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NewsUK insurers brace as bosses could face coronavirus-related D&O claims and legal action
An uptick in litigation targeting directors and officers is a likely consequence of the Covid-19 pandemic
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NewsReSolution Underwriting Holdings buys technical underwriting MGA
The purchase has been designed to expand the firm’s breadth of business
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NewsLloyd’s board grants Blenheim Underwriting approval to establish new MGA
The company now plans to apply for regulatory approvals
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Online onlyInside the cyber market with Sayata Labs’s Kingsley Flynn
Flynn says the market is still dogged by past perceptions of how restrictive and confusing cyber policies were in the early days of the product coming to market
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NewsLloyd’s boss confident it can weather Covid-19 storm as it returns to profit
Its combined ratio saw an improvement of 2.4 percentage points
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Online onlyFitch Ratings revises London market insurance sector outlook to negative amidst coronavirus pandemic
Fitch Ratings said the move reflected the “disruption and the related impacts on the credit quality of London Market insurers” caused by the outbreak
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Online onlyFOS reveals most complained about insurers
New data from the Financial Ombudsman Service reveals which insurers consumers are complaining about the most
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NewsLMA publishes policy wordings to protect renewals if Covid-19 makes Lloyd’s inaccessible
The association feels it is ‘prudent to ensure Lloyd’s customers are not left without coverage’
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FeaturesWhat does Aon’s purchase of Willis Towers Watson mean for brokers?
Industry voices fear that consolidation between two of the UK’s largest brokers will lead to a ‘stagnating’ market and ‘significant change’ of the sector as we know it
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NewsLloyd’s to shut underwriting room to test coronavirus contingency plan
The underwriting room and other public areas will also get a deep clean
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NewsNIG latest insurer to cancel non-essential external visits due to coronavirus exposure risks
Aviva and AXA have already confirmed meeting cancellations as a ‘precautionary measure’
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NewsLloyd’s syndicate partners with cryptocurrency broker to protect online wallets
Insurers TMK and Markel have also backed the new liability policy
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NewsCoronavirus: will ‘notifiable disease’ status be a game-changer for insurance?
Being a notifiable disease means cases have to be reported to the relevant authorities by law
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NewsAviva cuts staff meetings in bid to avoid Coronavirus spread
A source told Insurance Times that all non-essential external meetings for Aviva staff have been cancelled
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NewsAIG hires Lloyd’s veteran Jon Hancock in senior role
He also spent 26 years at RSA in an array of senior roles including managing director UK in commercial lines
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NewsMGAs in line for Lloyd’s syndicate-in-a-box bids
Higher than expected number of bids to launch syndicates, Lloyd’s chief said
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NewsInsurance data standards body forms London Market advisory board
The board has been set up to help industry gain maximum value from data exchange
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NewsMarine rates looking up, but sector still under pressure
The impact of years of low marine rates and losses has come at a long-term cost
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Online onlyLloyd’s reveals big names joining Cultural Advisory Group
The group has been set up as part of a comprehensive action plan to drive long-term cultural change in the Lloyd’s market following a string of shocking revelations
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NewsLMA to focus on Future at Lloyd’s implementation for 2020
The association will also seek to address Brexit challenges within its objectives for this year
