Lloyd’s of London
This week in Post: Conference, cuts and conservative leadership
This week, along with the rest of the team, I attended the British Insurance Brokers’ Association conference. I knew it would be an action-packed week - but nothing could prepare me for what was ahead.
Analysis: Managing the M&A insurance risk
It was the Competition and Markets Authority that recently put paid to Sainsbury’s and Asda’s marriage plans, but there are plenty of other risks that also regularly threaten the success of mergers and acquistions – ranging from the uncovering of…
LMA names TMK's Culham, Beazley's Cox and Axa XL's Greensmith as board members
The Lloyd’s Market Association has announced three new board members following a recent board election.
London Market Group calls for action to address skills shortage
The London Market Group has called for urgent action to take charge of how market organisations acquire the skills they need to face the future.
Lloyd's launches independent workplace culture survey
Lloyd’s has commissioned the Banking Standards Board to conduct an independent survey on the workplace culture and standards of behaviour within the market.
Majority of Lloyd's syndicates exceed Q1 e-placement targets
Eight out of 10 Lloyd’s syndicates met electronic placement targets during the first quarter of 2019, according to data released by the board of the Placing Platform Limited.
Lloyd's invests in cloud-based distribution platform after in-house trial
Lloyd’s has invested in an insurtech cloud-based distribution platform for small businesses, following a successful trial in the market’s tech incubator.
Lloyd's pitches automated online platform as it consults on future strategy
Lloyd’s CEO John Neal today launched a 10-week consultation on the future strategy of the insurance market, presenting six proposals that “could form the blueprint for a new Lloyd’s”.
Stephen Catlin points to 'vacuum of leadership in the London market' as he launches latest venture
Talking following the launch of new venture Convex yesterday, Stephen Catlin said “there is a vacuum of leadership in the London market”.
KPMG fined £6m over Equity Syndicate Management audit
The Financial Reporting Council has issued sanctions against KPMG and others in relation to its Equity Syndicate Management audit.
Canopius and Amtrust Lloyd’s ink merger agreement
Canopius and Amtrust Lloyd’s have signed a merger agreement that is expected to see the combined operations become a top five Lloyd’s managing agent.
RSA's David Germain on keeping up with technology
Insurance has a long history but as David Germain, chief technology officer for RSA, explains, the sector still needs to keep up with technology.
This week in Post: Scraps, slurs and sexual harassment
Post held its reputation event this week, which felt somewhat prescient as parts of the industry were shamed on diversity and inclusion.
Claims Apprentice 2019: Episode 3 - Diversity & Inclusion
With Team Fortitudo emerging successful after the Debate challenge last week, the apprentices now move onto their second task.
Lloyd's outlines recovery plan for 2019
Lloyd’s syndicates will continue to face a rigorous performance management regime, as the market seeks to boost its profitability.
Lloyd’s hit with £1bn loss in 2018
Lloyd’s of London was slammed with another vast loss in 2018, following on from its £2bn loss in 2017.
Lloyd's will ban perpetrators of sexual harassment for life
Lloyd’s has developed a plan of action to create a ‘safe and inclusive’ working environment, following reports of sexual harassment, which could include lifetime bans for perpetrators.
Industry overshadowed by harassment as Dive In marks fifth year
Lloyd’s diversity festival, Dive In, has been confirmed for a fifth year, a day after the market was slammed for an ingrained "culture of sexual harassment".
Interview: Clive Nathan, Global Risk Partners
Clive Nathan joined Global Risk Partners as its underwriting CEO, overseeing the consolidator’s managing general agent division, in April last year.
Lloyd’s appoints Hayley Spink as a head of global operations
Lloyd’s has appointed Hayley Spink as a head of global operations, replacing Joe Dainty.
Lloyd's Brussels secures post-Brexit licence for Monaco
Lloyd’s Brussels has gained authorisation to continue writing insurance and reinsurance risks in Monaco following the UK’s planned exit from the European Union on 29 March.
Analysis: What do the millennials think of insurance?
Insurance has struggled to attract talent in recent years, finding itself competing with ‘sexier’ industries
Trade Voice: Biba's Vannessa Young on diversity for all
Many firms have signed up to the Women in Finance Charter but as Vanessa Young, compliance and advisory boards manager at the British Insurance Brokers' Association, explains as with any strategy businesses need be sure of what they want to achieve and…
This week in Post: Sun, scams and Brexit
As we draw closer to the start of spring, the UK has seen unseasonably warm weather, with temperatures climbing into the double digits in recent days. But it’s not just the weather that’s heating up.