London Market
News and analysis on Lloyd's and the London company market
Insurance leaders welcome UK captives plan
Liiba chief calls for supportive stance from regulators as consultation gets underway
Managing general agents are extending their reach
Firms should ‘stay resilient’ to their underwriting principles when facing a reducing rating adequacy environment, Managing General Agents' Association chief executive says
NorthStandard confirms renewal rate hike after string of big hits
Succession of major casualties is function of enlarged scale, but will take combined ratio well over breakeven point, Grose admits
UK launches captives and ILS consultations
Consultations come as chancellor Rachel Reeves says re/insurance is one of five 'priority growth opportunities' for the UK
Mastering middle market is the key to cyber success
By focusing on robust data management and digital infrastructure, insurers can give middle-market companies the protection they need
FCA to amend proposals on publicising inquiries
Financial Conduct Authority will release new proposals within a week, its chief executive tells House of Lords committee
New failure to prevent fraud offence will impact D&O insurers
Insurers should consider the scope of D&O cover provided ahead of the UK’s Economic Crime and Corporate Transparency Act coming into force
Envelop Risk launches underwriting unit
Cyber specialist hires Dale active underwriter Dom Peters to lead the new division
Worker shortages are exacerbating employee and D&O risk
The pandemic heralded a long shortage in skilled workers, which threatens a significant increase in directors’ and officer’ liability and professional indemnity exposures for employers
Swiss Re shares surge on casualty reserve boost
Reinsurance giant's stock rises 7.6% as $2.4bn injection into US liability reserves calms investors
Supreme Court gives clarification on public authorities’ duty of care
Long-awaited ruling has produced a potential defence for local authorities and their insurers in claims of negligence
The advent of autonomous vehicles may increase fraud risk
Insurers developing products for autonomous vehicles must factor fraud into their thinking
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