Articles by Ryan Hewlett
Startup Trov secures $45m for expansion efforts
On-demand insurance provider Trov has secured $45m (£36m) of investment for its global expansion efforts.
Lloyd’s confirms Council and Franchise Board appointments
Lloyd’s has appointed Gregory Fleming and Patricia Jackson to the Council of Lloyd’s and the Franchise Board respectively.
Solvency II: still dividing opinion in the insurance industry a year on
In light of Brexit, what will regulation look like in the future?
I work in Insurance: Richard Radevsky, technical director, Charles Taylor
As technical director at Charles Taylor Adjusting, Richard Radevsky travels the world to survey the risks of big construction projects.
Lloyd’s faces 'structural revolution' as market challenges drive change, says Macquarie
Lloyd’s will undergo a “structural revolution” as digital innovation and alternative capital sources impact the market, according to Macquarie Research.
MS Amlin first to go live as Lloyd’s opens India platform
Lloyd’s has commenced operations in India with MS Amlin the first syndicate to begin underwriting from 1 April.
Interview: John Nelson, Lloyd’s of London
It is the most prestigious chairmanship in UK insurance. But next month, John Nelson will step down after six years in the role of Lloyd’s chairman. He talks to Ryan Hewlett about steering the market through one of its most turbulent periods
Helios acquires Charmac Underwriting
Helios Underwriting has acquired the Lloyd's limited liability vehicle Charmac Underwriting for £2.24m in cash.
Lloyd’s fines Amlin £630,000 for premium trust deed breach
Lloyd’s has fined Amlin Underwriting £630,000 for breaches of the Lloyd’s premium trust deed.
HCML acquires Excell Medical, opens Bristol office
Rehabilitation firm HCML has acquired Excell Medical Reporting, a Medco-registered reporting company, and opened a new office in Bristol.
Reinsurance rate decline slows at April renewals
The 1 April reinsurance renewals saw rate reductions range from flat to mid-single digit reductions, an improvement compared to the low double digit range seen 12 months ago, according to Willis Re.
LMA leads industry call for data protection law change
The Lloyd’s Market Association has coordinated an industry response calling for the Information Commissioner's Office to change its guidance over incoming data protection rules from the European Union.
Grahame Chilton: Gallagher growth will be ‘stronger post-Brexit’
Arthur J Gallagher’s long-term growth will be stronger following Britain’s exit from the European Union, Grahame Chilton CEO of Gallagher International said.
Brussels move will affect fewer than 100 staff at Lloyd's
Lloyd’s of London anticipates fewer than 100 staff will be needed to operate its European post-Brexit subsidiary, chief financial officer John Parry said.
Biba calls for EU free trade agreement as Article 50 is invoked
The British Insurance Brokers’ Association has called on Prime Minister Theresa May to make "urgent progress" in setting up a new free trade agreement with the European Union now that Article 50 has been invoked.
Sompo closes Endurance deal, launches International unit
Sompo Holdings has completed its $6.3bn acquisition of Endurance Specialty, and will integrate the Bermudian carrier through a new unit, Sompo International.
Lloyd’s body recommends Brussels as EU destination
The Lloyd's Franchise Board has recommended that the market chooses Brussels as the location of its post-Brexit subsidiary, Post understands.
PRA plans fee for Solvency II internal model approval
The Prudential Regulation Authority has announced a proposal to introduce a fee for Solvency II full and partial internal model approvals.
Global insured disaster losses hit $54bn in 2016: Swiss Re
Natural catastrophes and man-made disasters in 2016 resulted in insured losses of $54bn (£43bn), an increase of 46%, according to Swiss Re's latest Sigma study.
Discount rate cut could triple PI claims costs: Marsh
Changes to the personal injury discount rate could increase the cost of personal injury claims by as much as three times, according to Marsh.
Nelson: Regulatory burden hampers Solvency II
The regulatory burden imposed upon insurers by Solvency II hampers a fundamentally good regulatory framework, Lloyd’s chairman John Nelson has said.
Over one third of insurance jobs at risk from robots
Artificial intelligence could place more than a third of jobs in the UK financial and insurance sectors at high risk, according to a report from PWC.
Prudential CEO pay drops 30% in 2016
Prudential CEO Mike Wells' pay fell by a third to £6.9m 2016, the insurer's annual report has shown.
Former QBE Europe CEO Burns named Novae non-executive director
Novae has appointed Steven Burns as an independent non-executive director, to take effect from 31 March 2017.