Lloyd's of London News – Page 8
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Limited use of cyber insurance for public financial entities as new policy comes into force
’It’s quite costly for them,’ says associate
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Lloyd’s Lab names the 13 insurtechs to join cohort 10
’I’m excited to see the dynamism and output,’ says senior manager
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Lloyd’s explains cautious 2023 COR projection despite strong performance
’I believe it’s better to give guidance that is really achievable,’ says chief financial officer
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Lloyd’s of London provides Blueprint II progress update after ‘great’ 2022
’2023 will be an important year for the delivery of Blueprint II,’ says chief executive
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Lloyd’s Lab reveals insurtechs in tenth cohort pitch day
’The insurance sector and innovation have to some moved at a slow pace – with the industry being conservative in nature and therefore slow to embrace change,’ says Altus non-executive director
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Lloyd’s of London reports strong COR despite headwinds causing ‘substantial claims’
’Looking to 2023, we expect strong premium growth,’ says Lloyd’s chief executive
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Activists hold fossil fuel protest at Lloyd’s of London
’Underwriting dangerous fossil fuel projects puts children at risk’, according to a Mothers Rise Up activist
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Lloyd’s makes senior management changes to drive transformation progress
The changes will see Burkhard Keese revert to the position of chief financial officer
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Lloyd’s chief of markets adamant that ‘strong’ market conditions present ‘a lot of opportunities’
The marketplace says it expects current conditions to put ‘upward pressure on profitability, not GWP’
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Slow claims payments on subscription-based business must be improved – Lloyd’s claims director
Collecting these payments can become ’convoluted for the broker’, she added
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Lloyd’s set to improve COR despite expected investment loss in 2022
The marketplace’s underwriting performance from 2022 is ‘as good as Lloyd’s has reported in recent memory’, its chief executive said.
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Experience is key to avoiding becoming a long tail casualty – Casper
‘The key is to be there for your clients when they need you,’ says chief executive
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‘I was letting the hoodies into the building’ – ex-Lloyd’s chief executive
The former Lloyd’s boss recalled the birth of Lloyd’s Lab and how she tried to break down barriers with dress code
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Insurtech has a ‘real role’ to play in seeing things from a customer perspective – Inga Beale
Many insurtechs were founded on the basis of the founders experiencing a personal frustration with insurance and this is why they are key in this
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Lloyd’s ‘father of the house’ Michael Meacock passes away
He was an active underwriter for Syndicate 727 for more than 55 years
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LMA launches new chief underwriting officers committee
The new body intends to support Lloyd’s market members through guidance and strategy implementation
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New deputy chair revealed at Council of Lloyd’s
The new appointee has set his sights on developing the marketplace’s strategic priorities
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Property and cyber markets must get on same page to prevent cover ‘gap’ for cyber-related physical losses
Confusion around cyber exclusions may have stemmed from Lloyd’s clampdown on clearly defining physical and intangible risks
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Backchat January-February 2023
The Riddler, coffee houses and wellbeing initiatives. What has the insurance industry been up to of late? You heard it here first…
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Brokers key in ‘shaping London market’s destiny’ for 2023
The broker body intends to support the new PPL, which is set to be rolled out in February