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London Market

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

 

BMS launches Lloyd’s consortia unit

The delegated authority and consortia team will be led by Richard Wynn

Reinsurance United Kingdom

Insurance stocks rebound as volatility continues

SiriusPoint shares climb 13.9% as Insurance Day’s basket of stocks rises 4.3% in strong week

SiriusPoint Stockwatch

What rebuilding nuclear power means for UK insurers

While the next generation of nuclear power offers significant growth opportunities, it also introduces a new generation of risks that require careful calibration of policy wordings, aggregation management and capital deployment

Specialty Casualty

Westfield Specialty launches UK and European liability portfolio

Carrier hires former Everest senior underwriters to lead new product line as it continues to expand European footprint

Lloyds Europe

S&P revises Steamship outlook to negative

Marine mutual reports second straight underwriting deficit amid sharp jump in payouts

United Kingdom Specialty

Tarrant steps into top job at Shipowners’ Club

London-based marine mutual promotes chief financial officer

United Kingdom Specialty

Greenlight Re and SiriusPoint lead fallers as insurance stocks slide

Hedge fund reinsurer drops 10% as Bermuda-based re/insurer SiriusPoint falls 9% in torrid week for insurance and reinsurance stocks

Stockwatch SiriusPoint

Convex launches specialty MGA Kinetic

Kinetic Insurance Services will write complementary portfolio of business and provide access to ‘new and emerging markets’

United Kingdom Bermuda

HDI Global names Hunt UK and Ireland CEO

Hunt was named interim chief executive in February following the departure of former chief executive Stephanie Ogden

United Kingdom Ireland

NorthStandard targets billion-dollar premium income by 2028

Last results ‘really successful’ despite ongoing underwriting deficit, argue Jennings and Grose

International United Kingdom

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
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