Lloyd's of London News
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Over one-third of London market firms use AI, but concerns hinder adoption
‘We have a chance to consider how the complexities of the London specialty market can be a magnet, rather than a barrier, for deployment of intelligence as a service’ says consultant
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LMA launches claims awards to recognise talent in the Lloyd’s market
’Challenges with attracting and retaining talent have been consistently raised amongst our community,’ says claims director
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London market bodies launch misconduct training programme after FCA request
’The workshops are designed to equip key stakeholders across the insurance sector with the knowledge, tools and strategies needed to enhance workplace culture, governance and compliance with FCA expectations,’ says chief executive
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Lloyd’s reports 2024 underwriting profit drop as COR increases
However, the marketplace also revealed that GWP increased 6.5% year-on-year
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Lloyd’s chair says risks posed by space weather presents ‘significant threat’
’If we are to underwrite the risk, we must understand it,’ says chair
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Aviva hopes to create ‘standout specialty market’ in 2025 using Probitas purchase
Last year’s M&A transaction has enabled the united company to write ‘accounts that neither Aviva nor Probitas on their own would have written prior to [the] deal’, says UKGI chief executive
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‘Watch this space’ – Aventum-owned MGA hints at further Lloyd’s expansion
’As we onboard new teams and expand our underwriting capabilities, our need for additional box space at Lloyd’s will naturally grow,’ says managing director
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Lloyd’s ‘re-evaluating cutover strategy’ for phase one of Blueprint Two
’We’re re-evaluating our cutover strategy, exploring all possible options to segment cutover into smaller, more manageable components,’ says spokesperson
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Lloyd’s of London appoints new chief financial officer
’She is a well-respected member of the executive committee and I have no doubt she will continue to deliver against our strategic priorities as chief financial officer,’ says chief executive
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Lloyd’s leader issues Blueprint Two update after implementation delays
’It is a vital programme for the market,’ says deputy chief financial officer
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Carbon Underwriting announces new chief financial officer
’His extensive market experience will not only bolster our financial leadership, but also guide us through the opportunities ahead,’ says founder and chief executive
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Lloyd’s appoints new council member
’He has a deep connection with Lloyd’s, having worked in the London market for 12 years,’ says chairman
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Neal to step down as Lloyd’s chief executive for new Aon role
’I will be forever grateful to my colleagues and many others across the Lloyd’s market for the opportunity to put in place a framework,’ says Neal
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LMA appoints operations director to drive Blueprint Two implementation
’I am delighted to be joining the LMA in a role that is pivotal to driving digital transformation,’ says new appointee
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UK chancellor visits Lloyd’s of London
’It was a pleasure to welcome senior government ministers and business representatives to our headquarters today,’ says chief executive
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Men are emerging as allies for female peers, but ‘outdated behaviours’ persist in the London market
’There’s still a portion of the industry where, in social situations, individuals believe it’s acceptable to cross boundaries,’ says a c-suite source
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London market has ‘superpower’ to meet client needs as risks grow – Neal
’We have a riskier world with the impact of Covid, war on land and the climate,’ says chief executive
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Lloyd’s of London reopens refurbished gallery one
’Lloyd’s mission is to make the market thrive,’ says spokesperson
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Lloyd’s appoints Aviva veteran as new chief people officer
The appointee will replace incumbent Sara Gomez, who will retire from the role she has held at Lloyd’s since 2021 at the end of 2024
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Industry must be ‘open and transparent’ to attract global talent – Lomas
’If you want to be a destination for global talent and diverse talent, you have to be open and transparent,’ says head of culture