London Market
News and analysis on Lloyd's and the London company market
It’s getting harder to put a figure on BI losses
McLarens’ head of forensic accounting for EMEA argues that business interruption losses are becoming harder to quantify as firms become more complex and reliant on third-party service providers
Mission Underwriters launches property MGA Kyntra
New MGA marks the next phase of the business’s expansion plans across Europe
Lockton opens data centre consultancy unit
Lockton names New York and London execs to lead practice
AI has changed the rules on insurance fraud
Artificial intelligence-enabled fraud is an escalating corporate insurance challenge for insurers, brokers and risk managers
The hidden risk from building defects following a fire loss
A fire claim can evolve into a much larger and more complex issue if investigations reveal defects in a building’s fire protection measures
Shares in Travelers surge as Q2 earnings smash expectations
Insurance Day’s Bermuda subgroup outperforming despite geopolitical concerns, however the Lloyd’s subgroup lagged behind both the FTSE 100 and FTSE 250
PRA fines HDI Global £4.1m over data failings
Fine related to inaccurate reporting of FSCS liabilities and FSCS fee tariff data over a three-year period
New UK captive insurance proposals welcomed
Proposals reflect the needs of the captive community and will support the competitiveness of the UK, industry bodies say
Bank of England warns of climate risk to UK finances
The UK’s central bank sees climate change as a ‘very present’ risk to financial stability
UK advances risk transformation reform, but defers key opportunities
HM Treasury’s plans will make it harder for the UK to become a leading jurisdiction in insurance-linked securities market
Regulators launch UK captive insurance consultation
New regime, due to launch in summer 2027, will be ‘tailored and competitive’ and ‘proportionate’, regulators said
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