London market has 'resilience to survive $200bn loss event'
The London market has sufficient resilience to withstand a $200bn (£160bn) loss caused by two major events over a two week period, according to a stress test conducted by an industry steering group.
A white paper published by insurer Hiscox entitled London Market looks ahead: Preparing for the next big insurance event has detailed the results of a test to see how the market would respond to a
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Lloyd’s/London
What to expect from the London market in 2025
Trade Voice: From consolidation to the evolution of specialty lines, Paul Finn, technical author at the London Forum of Insurance Lawyers, runs down the trends we’re likely to see in the London market this year.
Big Interview: Steve Tooze, Extinction Rebellion
Steve Tooze, spokesperson for climate pressure group Extinction Rebellion, tells Damisola Sulaiman about the group’s motivations for targeting the insurance industry, responds to questions from the companies his organisation has targeted and shares plans for direct action in 2025.
Convex to launch Lloyd’s syndicate in April
Convex is set to launch a Lloyd’s syndicate later this year, bringing to an end years of speculation about whether the Stephen Catlin-founded insurer would return to the industry veteran’s old stomping ground.
Enhanced underwriting to grow significantly at Lloyd’s in the next decade
Elizabeth Jenkin, underwriting director at the LMA, outlines why the Lloyd’s market could be on its way to bifurcating between strong leaders and automated followers.
Cliff to succeed Keese as Lloyd’s CFO
Lloyd’s chief financial officer Burkhard Keese is set to step down later this year, to be succeeded by his deputy Alexandra Cliff.
Extinction Rebellion identifies ‘wanted’ CEOs
Extinction Rebellion has targeted five insurance companies in the City of London this morning (30 January).
Two insurers fall short as Gracechurch hands out service awards
18 insurers across the UK regional and London markets have been awarded service quality marques by Gracechurch.
What insurers should do to stop sexual harassment
Analysis: Damisola Sulaiman reviews the progress of trade bodies in responding to the Financial Conduct Authority’s findings on sexual harassment in the industry and explores what steps insurers and brokers can take to prevent abusive incidents and the ramifications if they fail to do so.