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London Market

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

 

Talanx leads risers as European insurance stocks climb

European insurance groups enjoyed the biggest gains this week, but Lloyd’s stocks were close behind

Stockwatch Talanx

Fuel leaks and strict liability

Privy Council decision highlights the potential for increased exposure for businesses and their liability insurers in claims involving dangerous substance escapes

Legal focus United Kingdom

UK captives regime will have clear boundaries: PRA

Framework will aim to be ‘clear, transparent and easy to navigate’, regulator’s head of insurance says

United Kingdom Regulation

PRA takes action on funded reinsurance

Regulators are taking a growing interest in the relationship between private credit and funded reinsurance

United Kingdom Legal focus

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
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