Lloyd's/London
Lloyd's CEO John Neal warns of 'ultimate sanction' if firms do not meet gender targets
Lloyd's could seek to take "the most dramatic of action" and ban firms that do not meet gender targets from trading, Lloyd's CEO John Neal has warned.
Coverholders upbeat despite lawyer warnings after BI case
Managing general agents and coverholder brokers remain optimistic about the sector’s prospects despite warnings from lawyers on the implications of the recent business interruption court case.
Theo Butt replaces Paul Brand as Convex Insurance UK CEO
Convex Group has appointed Theo Butt as CEO of Convex Insurance UK and Matt Paskin as CEO of Bermuda-based Convex Re replacing founder Paul Brand who remains with the business as group deputy CEO.
Blog: Covid-19 is no Black Swan
Rather than focusing on hindsight and a fatalistic approach to risk, pursuing a more forward-looking, proactive strategy will improve resilience when, not if, the next crisis strikes, writes Hélène Galy, director of the Willis Research Network.
Brit names Mark Allan as Lloyd’s syndicate Ki CEO
Brit has appointed Mark Allan as CEO of Ki, its digital and algorithmically-driven Lloyd’s of London syndicate launched in collaboration with Google Cloud this May.
Aston Lark buys Brunel Professions
Aston Lark has bought professional indemnity specialist Brunel Professions, Post can reveal.
Lloyd’s sees underlying underwriting improvement as Covid weighs on H1 result
Lloyd’s posted a £438m loss in the first half of 2020 driven by £2.4bn of Covid-19 claims, which added 18% to its combined operating ratio.
Webinar: Locked out in lockdown - How did the Lloyd’s/London markets respond to Covid-19 and what will the lasting impact be on EC3?
In a live webinar session taking place tomorrow an expert panel will discuss the current status of the modernisation programme, how the Lloyd's/London markets responded to Covid-19 and what the lasting impact will be on EC3.
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.
CII to move to Walkie Talkie
The Chartered Insurance Institute will move into the Walkie Talkie in early 2021.
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.
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.
Hurricane Laura insured loss estimates range from $4bn to $12bn
Early estimates of the insured losses resulting from Hurricane Laura range from $4bn to $12bn, with the damage concentrated in southern Louisiana.
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…
Updated: Over one million homes at risk as Hurricane Laura brings ‘unsurvivable’ storm surge to US Gulf Coast
Hurricane Laura, which made landfall in Louisiana early this morning as a category-four storm, has the potential to impact 1.1 million homes worth $265bn in terms of reconstruction cost value, according to Core Logic.
Senior underwriting departures at MS Amlin as restructure continues
MS Amlin Underwriting has named a single chief underwriting officer, with its co-CUOs for specialty insurance to leave the business at the end of September.
Briefing: Leadership and lip service - a progress predicament
Insurance companies, like those in other sectors, are waking up to inequalities in society that could measurably affect their own make up. But if they are going to face up to sometimes harsh realities then they need to stop clinging to a PR narrative.
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.
CII teams up with UEA to promote insurance careers
The Chartered Insurance Institute has joined forces with the University of East Anglia to help students develop a career in insurance through a programme that includes substantial savings on CII qualifications.
Beirut explosion unlikely to produce Tianjin-scale insured losses
The warehouse explosion in the port area of Beirut on Tuesday is unlikely to lead to insured losses on the same scale as those that followed a similar incident in China in 2015, industry figures have said.
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.