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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

United Kingdom London

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

United Kingdom Distribution

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

International United Kingdom

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

United Kingdom Lloyds

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

United Kingdom Cyber

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

United Kingdom Regulation

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

United Kingdom Legal focus

Envelop Risk launches underwriting unit

Cyber specialist hires Dale active underwriter Dom Peters to lead the new division

United Kingdom Cyber

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

United Kingdom Casualty

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

Europe United Kingdom

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

United Kingdom Legal focus

The advent of autonomous vehicles may increase fraud risk

Insurers developing products for autonomous vehicles must factor fraud into their thinking

United Kingdom Casualty
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