Lloyd's of London News – Page 33
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Brokers need to “step forward” and lead the way with product innovation - Paragon
In February Paragon announced a partnership with Marketminds, the hosts of Insurance 3.0
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News
DAC Beachcroft to help manage data breaches with planning tool
Law firm launches online planning tool for cyber attacks and data breaches
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Insurtech impacting commercial and speciality insurance
New report warns the greatest risk for managing agents is “inaction” in the insurtech landscape
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IT Interview
Flood Re signs up to the Women in Finance Charter
The scheme has also pledged to double its female representation on the executive committee by 2022
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Insurers expecting cyber losses surge
Research suggests insurers are expecting their cyber-related losses to get worse
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GRP grows underwriting division with acquisition
The acquisition of U-Sure is the first under the leadership of GRP’s new underwriting chief executive Clive Nathan
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UPDATE: Lloyd's confirms QBE’s Neal to take over after Beale's exit
John Neal is taking over from Inga Beale as chief executive of Lloyd’s
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QBE given green light for Brexit restructuring
QBE’s hearing marks “one of the first Brexit-driven transactions to be given go-ahead from the High Court”
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Home premiums drop but not for Londoners
London remains the most expensive place in Britain for home insurance
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Dual pricing sees loyal customers pay double for home policies - Which? survey
The investigation by Which? revealed that customers who had stuck with the same insurer for over 20 years paid almost double
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Beat and Paraline is latest Lloyd's merger
The deal sees Paraline join Neon as a strategic investment partner of venture capitalist firm Beat
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Exclusive: LV= deploys SSP's risk-rating solution
SSP works with eight of the top ten UK insurers and 40% of UK brokers
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Insurers alerted after alleged terror attack outside Parliament
The demand for standalone terrorism insurance is increasing due to a spate of attacks across the capital and the UK
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Run-off Gibraltar insurer suing CBL subsidiary
Elite Insurance is suing a Luxembourg-based CBL subsidiary, seeking €14.5 million
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World Cup sees huge rise in speeding incidences
Speeding during this year’s World Cup increased by 30% per mile before any weekend game, with men averaging 38% and women 31%
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IGI turns to insurtech for new senior appointment
James Green joins IGI from Novae, an insurtech disruptor acquired by insurer Axis Capital last year for £468m
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Three UK insurers respond over alleged ‘climate change reporting failure’
The FCA has said it is taking ‘proactive steps’ to tackle issues over climate change disclosures in insurers annual reports
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Lloyd's reportedly reviewing business structure
Sources tell Reuters Lloyd’s has initiated a strategic review of the whole business in response to a £2bn loss last year