London Market

Lloyd's kanye

Citynet acquires wholesale business of Lloyd's broker

Staff are moving to Citynet as part of the deal

AXA XL negative

Ratings agency delivers negative 2019 sector outlook for UK general insurers

Fitch’s assessment of the year ahead suggests home and motor markets could have a particularly difficult year

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One week left for SMCR conversion notifications warns FCA

Insurers will have until midnight on the 2 December to submit a conversion notification

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Four more insurers sign up for Women in Finance Charter

The new signatories take the number of those signed up to 300

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Insurance uptake tumbles for sole traders and micro-SMEs

The SME insurance market is estimated to be worth £8.3bn by 2020

lloyd's CFO

A.M. Best issues Folgate BB+ rating ahead of relaunch

Folgate chief executive Brian Russell said he would look to improve the rating in the months following the relaunch in December

lloyds building

Shirine Khoury-Haq resigns as Lloyd’s COO

Khoury-Haq has been in the role for nearly five years

lloyds building

Folgate eyes former Lloyd's business as it announces MS Amlin partnership

MS Amlin will join from the insurer’s relaunch in December, allowing Folgate to offer greater capacity to the broker market

No 3 Capital Quarter

​Admiral expanding Cardiff offices

It hopes to move staff over by May next year

AXA XL departures

​Covéa chief executive resigns from Scor board

In September Kessler “hit out” at Covéa’s acquisition offer, fiercely resisting its 8.2 euro ($9.65bn) takeover bid

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Ed set for management reshuffle and acquisitions after BGC deal

Ed chief executive Steve Hearn will take up a new role with BGC Partners once the group completes its acquisition of Ed

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​Briefing: Scor is a terrible fit for acquisition-hungry Covea

Content director Saxon East explains why a Covea takeover of Scor just wouldn’t work out well

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Briefing: Why JLT reached the end of the road and sold to Marsh

Willis was a big opportunity for JLT, but it slipped by the wayside

Lloyd's broker

UK insurer in £1m legal battle against Lloyd’s broker

A UK insurer has filed a winding-up petition against a Lloyd’s broker it accuses of negligence after the broker failed to honour a default judgement and pay out almost £1m

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