Lloyd's of London News – Page 25
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Direct Line Group reveals November flood cost impact
This year’s flood influx is estimated to cost around £10m
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Lloyd’s targets London pubs with new ‘Speak up’ campaign posters
The market’s survey showed that less than half of workers surveyed felt comfortable reporting inappropriate behaviour
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How can the industry stamp out the harassment culture
Insurance Times takes a deeper look into what ‘#MeToo’ means for the insurance industry following several accusations made by women on the London market and Lloyd’s survey
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Sainsbury’s Bank head of insurer relationships to join Atlanta
Karen Hogg will move to the Ardonagh-owned firm next year
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Polaris partners with commercial lines software provider
Polaris and Cytora join forces to deliver data-led underwriting tool
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Figures reveal Pioneer's major losses amid syndicate run-off
The MGA placed its syndicate into run-off last week
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Lloyd’s firm with A-rated paper swoops to help brokers amid Irish insurer run-off
MGAs and insurers have been experiencing capacity constraints as the market hardens
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Pioneer puts Lloyd’s syndicate into run-off
The MGA said it will instead focus on business where Pioneer can provide differentiated value through expertise and distribution
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Admiral subsidiary worker wrongfully dismissed, court finds
The Admiral subsidiary sacked employee before the conclusion of criminal enquiries
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PI insurer stops writing business for IFAs
Another PI insurer has stopped writing business for IFAs due to a tough market
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Tokio Marine Kiln defends handling of harassment case as whistleblower ex-employee sues
Whistleblower alleged victimisation after original allegations were brought to light earlier this year
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Swiss Re bemoans Brexit uncertainty as biggest economic threat
The concern centres on the uncertainty that remains over the future direction of Britain, which in turn is dampening the economic outlook
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Tasker Insurance Group acquires Worthing-based business insurance specialist
The purchase marks TIG’s third acquisition this year as the insurer strengthens its retail proposition
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Law firm partners fined £80,000 for selling insurance through own broker
FairPlane UK directors to cough up after breaching Solicitors Regulation Authority principles
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Copart launches report on Brexit-driven trends in salvage market
Now that the UK is facing an election, there is yet another delay before the final timing of Brexit is pinned down. But, the expectation of the UK leaving the EU has already had a major impact on the motor salvage market
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Ageas chief executive warns of unsustainable premium prices
Andy Watson reveals that climbing claims costs is creating pricing pressure.
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Re-insurance scheme helps quarter of a million households in high flood risk areas get cheaper home insurance
The Flood Re initiative has benefitted 3,049 Birmingham households to date
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Fraudster cleric locked up for £31,000 personal injury scam
Luton-based pastor ordered to pay £16,000 after attempting to con court officials with personal injury insurance scam.
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Vibe syndicate goes into run-off
The MGA had previously said it was closing some of its business units
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Hiscox shares take a battering as opioid abuse scandal threatens to engulf insurance industry
Hiscox said it was taking pre-emptive action to head off a casualty catastrophe