London Market – Page 20
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News
MGA Atrium Underwriters sees £38m boost in 2021 underwriting profit
The business also saw a big jump in total comprehensive income, despite natural catastrophes ‘making it one of the costliest years on record’, says chief executive
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Brit Insurance remains ‘optimistic’ after 2021 full year profit of $247.1m
The insurer has confidence ’that it is well placed to respond to the opportunities and challenges ahead’
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Lloyd’s to tap marketplace collaboration to make Blueprint Two reality
A feedback loop from the marketplace will be used by Lloyd’s to ensure a smooth and effective digitisation journey
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CFC hires ex-Lloyd’s boss as non-executive chairman
The MGA’s group chief executive describes the appointment as ‘a tremendous asset’ for the growing business
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Lloyd’s plan for consistency in face-to-face meetings amid rise in home working
Transparency on when underwriters will be available in person is needed
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Lloyd’s of London launches interactive guide and road map for Blueprint Two
John Neal says that Lloyd’s is ‘prepared’ for digitisation and wants to be held to account throughout the implementation process
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Insurtech receives ‘in principle’ approval for Lloyd’s syndicate in a box
The move supports the insurtech’s ambition to build a safety net for those that cannot access insurance easily
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Brokers must be at the forefront of the fight against climate change – LIIBA
‘Fundamental change in culture at the FCA’ will also be vital to improve the competitiveness of the UK insurance market, says chief executive
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News
Finance veteran Lord Paul Myners dies aged 73
The former director of Lloyd’s of London ‘passed away peacefully’ at a hospital in London yesterday
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International Underwriting Association reveals 2022 business plan
The IUA argues that any new ’Consumer Duty’ introduced for UK insurers must be ’appropriate and proportional for the wholesale commercial market’
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Lloyd’s of London confirms joint venture to overhaul its digital capabilities
It is the first time in more than two decades that the marketplace’s technology will be completely transformed
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CFC creates London market healthcare division
CFC believes that having experts come together will help navigate emerging threats to patient safety
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Aviva gearing up to launch Lloyd’s syndicate
The insurer has sold eight international businesses as part of its divestment strategy
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Brokers are ‘at the heart’ of the industry’s push to achieve net zero – LIIBA
Regulators, however, need to be flexible and less demanding for data, says broker body top boss
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Government’s post-Brexit financial services regulation proposals could see insurance sector ‘flourish’
The consultation on the future regulatory framework will close on 9 February next year
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Beazley receives in principle approval to establish ESG-centric syndicate
The syndicate will offer additional capacity to businesses performing well against ESG metrics
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Analysis
Sequel to expand insurance offering following acquisition of Ignite
The businesses plan to combine knowledge and expand their insurance offering
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News
London Market Group confirms permanent chief executive
Former boss Clare Lebecq stepped down in April
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MGA platform gains approval for new Asta-managed syndicate
The approved MGA platform will be ‘beneficial’ to the market, capital providers and distribution partners, says chief executive
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Availability and affordability of insurance an issue amid Covid-19 – IUA
Despite this, the IUA’s chairman says capital coming into the market is a ‘healthy sign’