Lloyd's of London News – Page 2
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Lloyd’s boss on marketplace’s need to apologise for role in transatlantic slave trade
’The right thing for us to do is to understand and to apologise, but also to think forward,’ says chief executive
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DEI is an ‘attitude’ not a journey – John Neal
’We talk about inclusion and diversity, we want it in businesses, [but] it is all about attitudes,’ says chief executive
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Former treasury official appointed as next Lloyd’s chair
’I am delighted and honoured to have been selected as the next chair of Lloyd’s,’ says appointee
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New syndicate secures in principle approval from Lloyd’s
’We believe that our expertise and specialist knowledge in credit and financial risks makes for a uniquely attractive opportunity to work at Lloyd’s,’ says chief executive
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Backchat: September 2024
People moves, birthdays and an insurance policy to protect your sandwich from pesky seagulls – what has the insurance industry been up to of late? You heard it here first…
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Lloyd’s of London clamps down on unacceptable behaviour
’Our current processes for dealing with issues of poor conduct can be unclear,’ says Lloyd’s
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AI will enhance, not replace, human interactions in Lloyd’s market
’The key message is that digital is not going to replace humans’, says deputy chief underwriting officer, but will ’improve productivity in the market’
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Lloyd’s reports ‘best interim result since 2007’ for 2024’s H1 with COR of 83.7%
Chief executive attributes balance sheet growth to ‘disciplined underwriting, smart organic growth and real strength in the Lloyd’s balance sheet’
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New Blueprint Two boss appointed after delays
’These leadership changes will help ensure the market’s objectives are delivered and embedded,’ says board chair
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Commercial broker expands leadership team with senior appointment
’His extensive experience in driving growth across the global financial services sector will be invaluable,’ says chief executive
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Aviva spies ‘accretive growth opportunities’ through ‘dual stamp authority’ approach with Probitas
UKGI chief executive says the insurer is ‘more excited’ about its latest purchase now than it was when the acquisition was first announced in March 2024
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Lloyd’s financial strength rating upgraded
’Our financial strength and solid capital platform enable us to deliver on our strategic growth ambitions,’ says chief financial officer
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Registration for insurance industry’s D&I ‘Glastonbury’ opens next week
Insurance Times speaks exclusively to Lloyd’s head of culture about his role at the three-day event and what he is most looking forward to
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Altus opens London headquarters as it looks to grow insurance arm
’Having recruited significantly in London over the last two years we have outgrown our previous offices,’ says chief executive
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Blueprint Two’s ‘continual slippage’ in delivery raises market concerns
’The delayed progress is down to an underestimation of the scale of the project by market participants themselves,’ says chief executive
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Broker and underwriter footfall at Lloyd’s rises after underwriting room revamp
’What underpins the recent transformation of the underwriting room [is] a thoughtful integration of old and new to blend digital transactions with human interactions,’ says Lloyd’s
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Aviva completes £249m Probitas buy
Insurer’s UKGI boss notes that finalised transaction represents ‘a significant growth opportunity for us and further enhances our customer proposition’
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Backchat: July/August 2024
A 30th anniversary, a new podcast and a policy that covers pints during Euro 2024. What has the insurance industry been up to of late? You heard it here first…
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Lloyd’s launches Inclusive Futures coalition to promote BAME leadership
’Our role in developing the early careers talent pool is crucial in ensuring that the next generation of leaders reflects the rich diversity of our society’, says chief executive
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Generative AI not a ‘black box’ solution – First Central
’It can do something as simple as algorithmic [underwriting], but it doesn’t reduce that complexity of risks,’ says data analytics lead