Lloyd’s of London
Lloyd's Lab - Class of 2020
The fifth cohort of Lloyd’s lab kicks off this week, with the chosen teams set to concentrate on Covid-19 products and solutions. Post looks at the businesses that hope the accelerator will help make their mark on insurance.
Return to city offices will not be ‘short and sharp’ select committee hears
Office spaces in central London and other densely populated cities are not built to accommodate a rapid return for workers while Covid-19 remains a health concern, a Bank of England official has told MPs.
Top 30 European Insurers 2020: A year of profit
The top 30 European insurers saw growth in non-life premiums in 2019 and overall profit after tax was significantly higher than in 2018. Mathilde Jakobsen, director, analytics, AM Best, explains what the market is facing
Briefing: QBE makes the only decision on cutting ties with CEO but where will Pat Regan surface next?
QBE will have had little choice but to part ways with CEO Pat Regan after an external investigation concluded his conduct had been unsatisfactory. But the proof in the inclusion pudding for the industry will be whether he resurfaces. And if so, where…
Protesters welcome workers back to Lloyd’s
A group of climate advocates welcomed Lloyd’s employees back this morning as the underwriting hall opened for the first time since March.
Future Focus 2030: The future of climate change
As part of a monthly series, where Post looks into how the insurance industry is set to evolve by 2030, David Worsfold looks at climate change and why tackling it might once again be top of the agenda for most insurers
Climate protesters expected at Lloyd's today
Climate advocates calling for Lloyd's to “wash its hands of coal and tar sands” are expected to gather outside the Lloyd's building this morning as the underwriting room reopens.
Trade Voice: LMA’s Lee Elliston on making claims the jewel in Lloyd’s crown
Lee Elliston, Lloyd’s Market Association claims director, tackles the need to recruit and retain top talent from a diverse background as he argues that independent-minded claims professionals harnessing the power of technology can help Lloyd’s be the…
Previsico adds Lloyd’s Lab programme manager Lucy Coutts as BDM
Insurtech Previsico has appointed former Lloyd’s Lab programme manager Lucy Coutts as a business development manager to support its expansion plans across the UK, US and beyond.
Redefining diversity for growth and resilience in insurance
To survive and thrive in uncertainty, to shore up organisational resilience and remain innovative, insurance firms must embrace diversity and meaningfully embed it in their culture and operating model.
Claims Apprentice 2020: Episode four – Insurtech challenge
With Team KDA emerging as the winners of the podcast challenge, the apprentices now move onto their next task.
Lloyd's to impose business class rota on September reopening
Lloyd’s will limit access to its underwriting room when it reopens on 1 September giving underwriters and brokers in different classes of business set days for face-to-face meetings at One Lime Street.
Registration for virtual diversity event Dive In opens
Registration for diversity and inclusion festival Dive In has opened with over 90 virtual events taking place in over 30 countries from the 22 to 24 September.
‘Much work to do’ says Neal as Lloyd’s sets female representation target
Lloyd’s today confirmed a re-run of its culture survey, set a gender target for the market and said it would look to set an ethnicity target in 2021.
Lloyd’s launches ethnic diversity workplace survey
Lloyd’s of London has sent out a survey collecting data on ethnic diversity in the market to be used in a forthcoming report, Post can reveal.
High Court approval of Lloyd's EEA transfer not a foregone conclusion
High Court approval of Lloyd’s proposed transfer of European policies to its Brussels subsidiary is not assured, according to an expert with experience of portfolio transfers.
Global health agencies to fund Lloyd's Covid-19 vaccine transport syndicate
Lloyd’s has granted in-principle approval to a syndicate to insure the storage and transportation of a Covid-19 vaccine to emerging economies once one is developed.
Lloyd’s transfer of EEA policies to go down to the wire after hearing delay
The effective date for the Part VII scheme that will transfer Lloyd’s European policies to its subsidiary in Brussels has been pushed back to 30 December following a delay to the final court hearing in the process.
FCA sexual misconduct whistleblowing hotline figures for insurance firms revealed
Exclusive: The Financial Conduct Authority has confirmed there were 21 instances of individuals using its whistleblowing hotline to share information on sexual misconduct at insurance firms over six years.
180 years: Hurricanes in history
PREMIUM: The insurance industry has suffered very large losses from natural disasters over the past two centuries and this still remains a problem today, with 409 natural catastrophe events totaling $232bn in losses in 2019. Post looks at some of the…
Lloyd's syndicates pitch £11bn growth as Neal demands profitability first
Lloyd’s syndicates’ plans for 2021 include £11bn of fresh business, but some will be told that they must continue to focus on performance over growth as the market looks to “finish the job” it embarked on 2018 of turning around its profitability woes.
Virtual Roundtable: Has Covid-19 helped speed up the digitalisation of insurance customer communications?’
Post gathered a group of experts together for an interactive digital roundtable at which we discussed how insurers and their partners can maximise satisfaction, despite policyholders being in lockdown; and build long-standing relationships that will…
Axa XL confirms Sean McGovern as CEO UK and Lloyd's market
Axa XL has confirmed former Lloyd’s leader Sean McGovern as CEO for the UK and Lloyd’s market having held the role on an interim basis since April.
Blog: The changing shape of the London Market
Recently capital raisings by insurers aimed at ensuring they have sufficient capacity to support their trading partners and clients during the Covid-19 crisis have been widely reported. Clare Lebecq, CEO of the London Market Group believes the ability of…