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London Market

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

 

Everest Group shares fall 11% amid US casualty reserve challenges

Insurance Day’s tracked shares fall 1.1% in a mixed week for re/insurers

North America Europe

Insurers must assess exposure as commission models come under fire

The FCA’s probe into motor finance sales practices is sounding alarm bells across financial services and insurers, particularly those with products sold alongside car finance, should act now to assess exposure and strengthen oversight before the spotlight shifts further

United Kingdom Regulation

Escalating geopolitical tensions drive demand for cyber cover

Growing recognition among organisations that cyber incidents are increasingly originating from nation state actors, survey finds

International Cyber

Insurance stocks in the red as sector underperforms

Marsh McLennan shares drop 7.2% and RenaissanceRe shares fall 6.8%, but Chubb's stock recovers after record Q3 earnings

North America Europe

JLR cyber attack to cost £1.9bn

The attack affected more than 5,000 organisations and was given a category three rating by the UK's Cyber Monitoring Centre

United Kingdom Cyber

Casper launches renewable energy MGA Tundra Specialty

New division marks the ‘first milestone’ in managing general agent's plan to broaden product footprint

United Kingdom Distribution

BP Marsh profits climb to £32m in H1

Insurance-focused investor’s net asset value rises to £350m in the first half of the year

United Kingdom Broker

Pool Re rewires UK terrorism backstop to tackle SME protection gap

Chief underwriting officer, Jonathan Gray, discusses Pool Re’s structural overhaul and what it means for insurers, SMEs and the future of terrorism protection

United Kingdom Terrorism

Marsh McLennan shares fall 9% on lower growth

Lancashire tumbles 6% as analysts cut target price and re/insurance stocks suffer amid wider market volatility

North America Europe

Insurers must help businesses prepare for the growing cyber threat

The head of the UK’s National Cyber Security Centre says it is time for businesses to act – and insurers have a vital role to play

United Kingdom Cyber

The rise of cryptoassets has wide-ranging implications for insurers

Rapid adoption of cryptoassets is likely to drive increased litigation and an upsurge in regulatory enforcement action

United Kingdom Legal focus

LMG proposes framework for scrutiny of regulator growth objectives

Framework is designed to help policymakers scrutinise the PRA’s and FCA’s work on growth and international competitiveness objectives

United Kingdom Regulation
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