Lloyd’s of London
Broking Success: From undesirable to undeniable – Matt McCall, Raw Material Cover
Raw Material Cover founder and CEO Matt McCall describes his journey with his specialist waste and recycling broker as a Cinderella story. He speaks to Jonathan Swift about being invited to the ball at Lloyd’s and the plans for wholesale and international expansion.
New event launched to celebrate London as global insurance centre
A new UK insurance event, London Risk Week, has been launched to celebrate the English capital “as a centre of risk transfer and showcase its expertise and experience”.
Convex reveals GWP approaching $6bn and profit growth for 2025 in run-up to AIG deal
Convex Group grew gross written premium by 14% in 2025 to $5.88bn (£4.35bn) as it made a net profit for the third year in a row ahead of sealing investment from AIG.
Survey finds broker loyalty no longer anchored in historical relationships alone
How London Market insurers harness digital technology to improve speed, integration and ease of doing business, is a major determinant on where brokers place their business, according to new research.
MGA launches pharmaceutical recall cover
BluNiche, the specialist product recall managing general agent, has expanded its portfolio to provide dedicated coverage for the pharmaceutical sector.
Zurich reaches agreement with Beazley over potential £8bn takeover
Zurich and Beazley have reached an agreement in principle for a deal worth potentially £8bn, clearing the way for a formal bid.
Beazley shares hit new high as Zurich reveals 1.5% stake in Lloyd’s target
Shares in listed Lloyd’s insurer Beazley hit 1,173 pence yesterday [2 February] after prospective suitor Zurich revealed it had acquired a 1.47% stake in the business as of 30 January.
Amiga Specialty adds IGI and Lloyd’s capacity to ‘core strategic growth area’
Amiga Specialty has secured capacity for its UK and European Transactional Risks team, supported by IGI and Lloyd’s, in its second expansion of the month.
Lloyd’s recruits Bichard from PwC as CFO
Lloyd’s has named Jim Bichard as chief financial officer to start in the role this April succeeding Alexandra Cliff who will be leaving to pursue other opportunities.
MGU recruits NEDs from Google and Microsoft and opens Lloyd’s box
Managing general underwriter Advanced Technology Assurance has recruited a pair of former big tech executives to its board and opened an underwriting desk in Lloyd’s.
Amiga targets SME and mid-market with new Lloyd’s capacity for management liability
Amiga Specialty has secured new Lloyd’s capacity to support its management liability proposition for SME and mid-market businesses across the UK, Europe and select rest of-world territories.
End of Year Review 2025: Liiba’s Chris Croft
Chris Croft, the CEO of the London & International Insurance Brokers’ Association, describes the UK government’s financial services strategy as “depressingly insurer focused” and imagines an AI persona with a 1986 style perm in honour of footballer…
US insurer to target new brokers with company market play
Westfield Specialty International has announced plans to expand its business from a Lloyd’s-only vehicle into the company market.
South African insurance giant gets Lloyd’s green light to trade from 1/1
Santam, Africa’s largest short-term insurer, has been granted Lloyd’s final permission to underwrite for business incepting from 1 January 2026.
Neal to be paid $2.7m by AIG despite not joining the insurer
John Neal is set to receive a $2.7m (£2.06m) payout by AIG according to an SEC filing, following his employment at the insurer being cancelled before he came on board.
Lloyd’s launches investigation into former CEO Neal’s conduct
Lloyd’s has launched an investigation into former CEO John Neal looking into an alleged workplace affair.
Ex-Lloyd’s CEO John Neal no longer joining AIG
John Neal will no longer be joining AIG as president due to “personal circumstances”, the insurer has announced.
Hadron confirms 10 MGA deals as its nears £200m UK GWP
Hybrid carrier Hadron has today revealed plans to enter the European Union after confirming it expects to end 2025 with over £200m in gross written premiums in the UK.
ERS parent snapped up in deal that will create 9th largest Lloyd’s insurer
Starr has entered into a definitive agreement to acquire ERS owner IQUW Group, a deal which will make it the ninth-largest agency operating at Lloyd’s.
Lloyd’s COR jumps up as GWP hits £32.5bn in first half of the year
Lloyd’s has reported an increase in its combined ratio to 92.5% in the first half of 2025 up from 83.7% in the same period last year.
Gracechurch: Lockton on the up, disrupting ‘Big 5’ in 2025 broker ranking
Marsh, Aon and Howden continue to feature as the most respected brokers in the London market, according to an annual ranking from research consultancy Gracechurch.