London Market – Page 6
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News AnalysisBriefing: Turning point for geopolitical risk in 2024?
With elections in 2024 set to introduce an additional dose of unpredictability into an already volatile environment, businesses need to prepare for and protect themselves against escalating political-related risks.
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NewsNeal issues Blueprint Two update after phase one delayed
’[We] will continue working alongside the market associations to ensure we can safely deliver phase one,’ says chief executive
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NewsLloyd’s reports 2023 profit surge and ‘strongest’ COR since 2007
’The results we’re reporting today are our best in recent history,’ says chief executive
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NewsApollo forms new partnerships for Lloyd’s Marine Builders’ Risk Consortium
’This new consortium offers Lloyd’s brokers a genuine alternative,’ says leader
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IT InterviewJason Storah: Aviva’s Probitas buy marks ‘win-win’ to accelerate ‘organic ambitions’
The purchase gives the insurer instant ‘scale’ in the Lloyd’s market, says UKGI chief executive
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NewsMarkel announces new head of bloodstock for London market
’His promotion to this leadership role reflects our long-term outlook for equine and livestock at Markel,’ says divisional managing director
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News AnalysisFCA battling ‘snitches get stitches’ mindset when it comes to non-financial misconduct
’We can sit here and say ‘oh, it is a terrible culture,’ but what are we going to do about it?’ asks member of parliament
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NewsLloyd’s Tiernan urges caution despite record 2023 underwriting profits
’Without any doubt, we must deliver adequate returns,’ says chief of markets
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NewsLloyd’s of London improves COR by nearly eight percentage points in 2023
’We continued to see sustainable, profitable growth and performance,’ says chief financial officer
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NewsAviva ‘unlikely’ to buy more in Lloyd’s market following Probitas deal
Group chief executive confirms that insurer is ‘very keen’ to support newly purchased platform’s ‘growth ambitions’
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News AnalysisWhat will 2024’s elections mean for business and insurers?
’You need to understand everything you touch in your supply chain and think about how these different political risks might manifest themselves,’ says head of strategic risk consulting
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NewsPPL hires ex-London Stock Exchange boss as chief executive
’He’s uniquely placed to lead PPL’s digital transformation,’ says chairman
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NewsArdonagh Specialty’s Price Forbes moves all business lines to Whitespace
’We now look forward to further developing our partnership with Whitespace,’ says chief digital officer
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NewsLloyd’s appoints new general counsel
’She has built a strong reputation among her colleagues in the corporation and throughout the market,’ says chief executive
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NewsLMA releases updated hull and cargo clauses
’The LMA remains committed to assisting insurers in responding to requirements in an increasingly complex regulatory landscape,’ says legal director
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NewsMarsh taps into digital trading platform to advance digitisation strategy in London market
A ‘data first’ focus will enable the intermediary to ’unlock transformational benefits’ and ’unleash a new era of innovation’, says UK chief executive
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IT InterviewBob James: Lloyd’s prefers sector-wide ‘criticism’ of project delays instead of unsafe Blueprint Two delivery
’I would rather take criticism [about the delay of Blueprint Two] then push the date and have a platform that has a flaw that [would] be problematic,’ says chief operations officer
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NewsMarsh expands D&O Echo facility coverage
’D&O Echo provides clients globally with substantial capacity without being over-exposed to a single insurer,’ says UK management liability leader
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NewsHiscox aiming to enhance customer service with AI
’Optimism should be tempered with awareness of the risks,’ says senior manager
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NewsBMS teams up with Artificial Labs to bolster processing of insurance contracts
’We are delighted to partner with BMS,’ says co-chief executive
