London Market – Page 13
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NewsLloyd’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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News AnalysisHardest reinsurance renewal market in years to create knock-on impacts
‘We expect underwriting to remain disciplined in light of strong Lloyd’s market oversight over market’s catastrophe exposure,’ says ratings director
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NewsNew marine casualty claims guidelines launched
New guidelines ‘will result in clearer lines of communication and will assist in the efficient management of claims’, says JMCC chair
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NewsActivists 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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News AnalysisBriefing: Lloyd’s breaks silence on Blueprint Two advancements - but is ‘steady progress’ enough?
Amid the market’s announcement about a new chief operating officer, some industry professionals are questioning the pace of digital transformation at Lloyd’s
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NewsMarine insurance sector’s role in Ukrainian grain shipments has ‘saved lives’
Vital shipments of grain to support the global food market have been backed by the insurance sector, but a treaty is now under threat
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NewsBriefing: Cyber clarity move may encourage underwriters to byte
Although the insurance industry may not have the ‘muscle memory’ to react to a major cyber event, Lloyd’s of London’s attempts to clarify cover around state-backed attacks could present opportunities for brokers
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NewsLloyd’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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NewsLloyd’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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NewsSlow 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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NewsCredit and political risk insurance market sees rise in capacity – WTW
The increase indicates ‘confidence’ and ‘stability’ in a market that has experienced global economic uncertainty, says head of broking
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NewsLloyd’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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NewsExperience 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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NewsConnect Underwriting secures chief commercial officer for new holding company
The new appointee will help ‘identify and capitalise on commercial and investment opportunities,’ a statement said
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News‘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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NewsAutonomous vehicles will allow insurers to become ‘disruptors’
‘This is an amazing opportunity for the insurance industry,’ explained autonomous expert
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NewsArdonagh Specialty seals Oxford deal
The deal will provide the acquired group with ‘scale and even more opportunities’, says chief executive
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NewsLloyd’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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NewsLMA 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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NewsBroker’s MGA launch looks to casualty opportunities
The new MGA aims ‘to put data at the heart’ of underwriting and offer ‘real-time access to capacity partners’
