Lloyd's of London News – Page 20
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NewsLloyd’s pandemic losses worse than predicted, says chairman Carnegie-Brown
The insurance market previous estimated losses would be around the $107bn mark, but has revised that figure upwards
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NewsAutomated underwriting is a ‘huge opportunity’ for the insurance industry – Ki
Harnessing data could help brokers and insurers maintain a competitive edge
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NewsOpinion: Could Covid be hastening the end of brokers going into Lloyd’s to place business?
Technology was always going to be part of Lloyd’s of London’s future, but the pandemic has accelerated its adoption. Will brokers going into Lloyd’s physically become a thing of the past and how will the ‘Future at Lloyd’s’ look post-Covid?
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NewsSyndicate goes into run off as remediation efforts fail
Lloyd’s of London said it will continue to purge the market of business it believes is not delivering
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NewsPrivate equity firm and Singapore wealth fund to buy WTW’s Miller
The deal marks the first step in Cinven’s new financial services-focused strategy
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NewsHowden and Ki enter long-term partnership
Ki’s chief executive said that the partnership represents “another significant milestone”
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Online onlyAXA XL makes senior underwriting hire
Internal promotion puts new hire in charge of marine, energy and aerospace, UK and Lloyd’s market
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NewsLloyd’s told new blueprint requires total London Market support
Lloyd’s reveals Blueprint Two priorities, including the use of AI to streamline costs
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NewsFCA outlines key drivers of harm for Lloyd’s and London Market in new ‘Dear CEO’ letter
The letter, which is targeted at Lloyd’s and the London Market intermediaries and MGAs, provides an overview of the areas of focus within the regulator’s supervision strategy
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NewsLondon Market sees greater influx of US casualty and property premium
The tightening of US markets and hardening London rates are seen as pull factors attracting US business to London
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NewsRate rises fuel premium income growth for Hiscox
The insurer also saw no further rises in its Covid-19 claims estimate
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NewsAfrican-Caribbean Insurance Network partnership highlights role of insurance in black lives
Eleven stories demonstrating the role of insurance in black people’s lives will be published
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NewsLloyd’s to increase London Market BAME representation in long-term plan
A study from Lloyd’s found that 70% of black respondents saw their visual diversity as a barrier to promotion
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FeaturesCovid-19 evolves role of the broker in insurance – Novidea
Technology now has a a bigger place in the market and this could free up time for brokers to look at more complex tasks
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NewsERS reveals new chief exec as Ian Parker to step down
The specialist motor insurer has also announced plans to expand its cover
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NewsCovid-19 to drive Lloyd's workplace innovation - John Neal
Neal said that Lloyd’s transformation is about reducing cost of doing business
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Breaking NewsStructural defects insurer enters administration as FSCS steps in to save policyholders
Buildings guarantee insurer has been struggling with the volume of high-value claims in recent months
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NewsLloyd’s reveals ‘off the shelf’ business interruption policy
The new product will use a parametric model
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NewsConvex Group announces new chief executives in Bermuda and London
Co-founder Paul Brand steps down to make way for two internal promotions
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NewsNew funding for Brit’s digital syndicate Ki adds ‘firepower’ to expansion plans
Ki plans to ‘rapidly scale the business’ as it gears up to launch later this year
