London Market – Page 14
-
NewsAllianz Holdings posts UK COR of 99.2% for 2022
Combined revenue for the insurer’s UK businesses reached £5.6bn in 2022, its financial results showed
-
NewsPRA to consult on new rules to support struggling insurers
The regulator’s aim is to clarify the support available to insurers when they hit financial difficulty
-
NewsNew deputy chair revealed at Council of Lloyd’s
The new appointee has set his sights on developing the marketplace’s strategic priorities
-
NewsProperty 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
-
NewsInsureds prioritising cyber cover as they cut costs elsewhere
Business interruption insurance is one product that consumers are turning away from, says broker director
-
NewsLMA Member Manifesto sets agenda for 2023
The LMA hopes to engage with and deliver the Future at Lloyd’s programme and support regulatory change
-
NewsDLG boss’ decision to leave influenced by ’hostile’ market conditions
Following a predicted profit hit last year, however, DLG’s exiting boss believes the business will bounce back
-
NewsUK government scheme Cyber Essentials insurance is ‘appalling’ for SMEs
The National Cyber Security Centre’s initiative demonstrates both opportunities and obstacles for clients, say insurance industry leaders
-
NewsFCA’s Consumer Duty provides relief for professional indemnity insurance brokers
The new rules can be used to ensure insurers ‘do not engage in sludge practices such as drawing out the time taken to pay a claim unnecessarily’, says policy and public affairs director
-
NewsBrokers 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
-
News AnalysisInsurers make brokers’ ‘life hell’ when dealing with professional indemnity claims
Improving broker and insurer relationships in the PI market include ‘getting back to the basics’ and investing in internal claims teams, rather than insurers ‘just hiding behind the broker’
-
NewsLondon market must tap young professionals to drive modernisation plans – Liiba
The broker body will be creating a focus group to listen to the ideas of young professionals more closely
-
NewsUnited Nations’ NZIA launches inaugural target-setting protocol
The ‘landmark breakthrough’ aims to ‘serve as a catalyst to set unprecedented and ambitious’ net zero targets, says group chair
-
NewsClimate change, cyber risks and ESG top sector challenges for 2023 – RPC
Climate change, ESG concerns and cyber risks all take their place in the key trends to look out for this year
-
NewsBrokerslink expands Ardonagh Speciality’s existing network partnerships
Global broking company Brokerslink has added Ardonagh Specialty to its international broking network.
-
NewsCFC creates dedicated fintech team
CFC has witnessed the volume of submissions from fintechs increase by more than 100% year-on-year over the past couple of years
-
NewsLloyd’s Lab opens applications for tenth cohort
In a first, the tenth cohort of the fast-track accelerator has a regional focus for its cyber category
-
NewsIUA publishes business plan for 2023
The association has highlighted key challenges for the London Market in the coming year
-
News AnalysisLloyd’s of London expects 14.3% top line growth in 2023
Lloyd’s is forecasting peak inflation for the end of this year that will taper off next year, says chief of markets
-
NewsCanopius Managing Agency appoints new UK CFO
The appointment will see interim CFO Gavin Phillips return to his main role as CFO for the wider Canopius Group
