London Market – Page 17
-
NewsLloyd’s of London sets cyber policy exclusions for state-backed attacks
Managing agents must show that exclusion clauses have been legally reviewed
-
NewsBeazley receives ‘in principle’ approval to establish Lloyd’s Syndicate 5623
The insurer’s Smart Tracker will transition into a ‘full market-facing syndicate’ at the beginning of next year
-
NewsNuVenture International launches product recall MGA
New MGA hopes to fill gap in niche market that ‘many of the major carriers don’t have the time and knowledge to commit to’
-
NewsLloyd’s receives regulatory approval to establish second PCC
London Bridge PCC will expand the marketplace’s capabilities in line with its strategy
-
NewsAsta announced as new manager of Lloyd’s SIAB Parsyl
The business has been transferred from Ascot Underwriting’s authority
-
NewsHiscox results reflect mixed bag for H1 2022
The insurer’s underwriting result improved by 23.4%, despite conflict and nat cat driven losses
-
NewsUK insurance pricing moderates in Q2 2022 – Marsh
Pricing was most challenging for those with clients dealing with natural catastrophe exposures, for example
-
NewsAdmiral and Direct Line face double-whammy margin hit in 2022 – Bloomberg Intelligence
Regulation implementation and inflation pushing up claims’ costs are among the causes
-
NewsLondon market showcases ‘great degree of optimism’ around PI risks – Clyde and Co
However, this optimism is tempered by a ‘wariness of macroeconomic and inflationary pressures’
-
NewsRate rises of 300% have ‘not been uncommon’ in London’s cyber market
Despite ‘no material change in exposure’, insurers in the London market are wary of cyber risks and are upping premiums by 100% on average, as well as reducing capacity, says broker’s head of cyber
-
IT InterviewAventum Group embraces trading London market-based risks via digital platforms
Although face-to-face conversations are crucial in the London market, SME and some simpler risks can be traded through digital platforms ‘to make it easier for agents to access’
-
NewsRates for builders’ risk construction cover increased by 5% year-on-year in London market
Higher sub-limits and extension limits for these policies in London give the market ‘a competitive differentiation’, says broker’s head of international construction
-
NewsReported general insurance conduct rule breaches are ‘on the low side’ – Sicsic Advisory
Many Lloyd’s and London market brokers have failed to return required annual rule breach reports
-
AnalysisBackchat July/August 2022
Biba dishes out journalism awards, Wimbledon’s upcoming ball fetchers, Mary Poppins and an unusual car insurance claim. What has the insurance industry been up to this month? You heard it here first…
-
NewsMusic streaming giants’ success is cautionary tale for Future at Lloyd’s – Altus
’Proper playbooks’ are needed to help Lloyd’s regain competitive edge
-
NewsLloyd’s launches pilot LGBTQ+ mentoring programme
The programme is expected to go live in September 2022
-
NewsLloyd’s of London’s blueprints risk failure as tangible output is lacking – Altus
Lloyd’s is ’at risk of becoming far less relevant in five years’ and losing its competitive edge unless it takes practical steps now, advises consultancy firm
-
NewsPWC names high expense ratios as the biggest driver for technology transformation in London market
Only 19% of respondents said that aligning their technology strategies with Lloyd’s Blueprint Two was ‘very important’
-
AnalysisTechTalk: A short history of Lloyd’s Lab
Technology editor Clare Ruel takes a look back at Ed Gaze’s time at Lloyd’s Lab and the birth of the insurtech accelerator
-
NewsJensten Group combines businesses to reveal new London market operation
The broker’s wholesale managing director believes its new division is an example of how it provides ’our people and partners with greater opportunities than the status quo’
