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London Market

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

 

Insurers warned of cost consequence of alleging and failing in fraud allegations

Recent case highlights real risk for insurers of having to pay a penalty when alleging fraud incorrectly

United Kingdom Legal focus

Pool Re’s Paul receives peerage

Appointment recognises Paul’s contribution to terrorism insurance and public service

United Kingdom Terrorism

FCA urged to keep bullying guidance ‘under review’

Lloyd’s Market Association says non-financial conduct guidance must be monitored ‘to ensure it delivers the right outcomes’

United Kingdom Regulation

Least-worst outcomes as good as it gets with emergency responses: Sosrep

Wide variance in how countries handle marine casualties

United Kingdom International

Time to shake up the senior managers regime

The UK government and regulators have set out long-awaited proposals to reform the Senior Managers and Certification Regime

United Kingdom Legal focus

AIG and Allianz lead positive week for insurance stocks

Munich Re shares climb on December 11 following publication of ambitious five-year strategy 

Europe United Kingdom

UK ransomware payment ban could ‘significantly shift’ cyber market

Underwriters will need to assess how their exposure changes if payment is no longer a recovery option, legal experts say

United Kingdom Cyber

Insurers must do due diligence before writing solicitors’ PI cover

Law firms that undertake volume claims litigation present risks for their professional indemnity insurers

United Kingdom Legal focus

Getting insurance values right for manufacturing and infrastructure assets

In manufacturing and infrastructure, the question of what counts as a building is less straightforward than it seems – and is fundamental to effective risk management

United Kingdom Property

UK councils risk costly legal minefields in upcoming restructures

Historic liabilities, if not properly mapped, could become one of the most expensive hidden pitfalls of the entire shake-up

United Kingdom Legal focus

RiverStone International promotes Pritchard to UK CEO

Pritchard succeeds Andrew Creed, who will become group president

United Kingdom Legacy

Beazley continues to fall as Lloyd’s stocks tumble

Poor week for re/insurance stocks sees Lloyd’s sub-group fall 2.3% and European insurance majors drop 1.8%

Europe United Kingdom
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