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London Market

News and analysis on Lloyd's and the London company market

 

Insurance stocks tumble as market volatility continues

Insurance Day’s basket of stocks falls by 2.4% this week with only four stocks gaining in value

Stockwatch Hiscox

High Court clarifies aggregation of Covid-19 losses at reinsurance level

English courts are favouring reinsureds by taking wide construction approach to the aggregation of Covid-19 losses

Legal focus Reinsurance

NorthStandard cuts underwriting deficit

Marine mutual trims combined ratio to 106% as pool claims revert to normal levels, but performance lags top-ranking clubs

United Kingdom Gard

Law Commission review signals possible expansion of the opt-out class action regime

Introduction of a new consumer class action regime in England and Wales could increase litigation risk significantly for businesses and their insurers

Legal focus Claims Management

Hiscox leads risers in strong week for insurance stocks

Shares in London-listed Hiscox climb 13.5% amid bid speculation

North America Europe

PRA eases reporting burden on foreign insurance branches

Regulator is also raising threshold for subsidiarisation of branches

United Kingdom Regulation
INTERVIEW

Marine underwriters 'must keep pace with the change'

Underwriters willing to adapt to technological and geopolitical change will be better positioned when pricing eventually catches up with risk, Adrian Scott, Geo Underwriting's head of marine and leisure, says

United Kingdom Specialty

Managing climate risk is not optional

UK insurers face a June 3 deadline to complete a gap analysis, as regulators step up efforts to embed climate risk management into governance and risk frameworks

Climate change Regulation

PRA survey hints at worries about competitiveness and rulemaking

Regulator’s approach to proportionality does not make UK attractive place to do business, many survey respondents said

Regulation United Kingdom

Munich Re shares fall 11% as European insurance stocks tumble

Strong growth lifts Hiscox and Zurich in tough week for insurance and reinsurance stocks

Stockwatch Munich Re

UK government to pursue changes to senior managers’ rules

Exact nature of changes to Senior Managers and Certification Regime await publication of bill

Regulation United Kingdom

Implications of the Mazur appeal on the conduct of litigation

The Court of Appeal has provided some clarity on the distinction between ‘carrying on’ the conduct of litigation and performing tasks in support of it

Casualty Legal focus
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