Lloyd’s of London
Kanye West sues Lloyd’s over cancelled gigs
The rapper is suing a number of Lloyd’s syndicates for $10m.
Financial Surety launches travel facility
Products include cover for airline failure, supplier failure and terrorism.
Direct Group launches commercial combined product
Product is aimed at SMEs with average premium under £10,000.
Major cyber attack could trigger losses of £40.5bn, says Lloyd’s
Lloyd’s research has shown that an extreme cyber attack could cause losses equivalent to a catastrophic natural disaster.
Nexus buys trade credit MGA Equinox
Current management team to stay on following the deal.
Blog: The post-Brexit market move
What does it mean for the UK insurance sector that insurers are moving parts of their businesses to other countries?
Diversity festival Dive In 2017 opens for registration
Delegates can now get tickets for the third Dive In festival for diversity and inclusion.
Axis buys Novae for £468m
The board of the Lloyd's insurer to "unanimously recommend" the offer.
FCA in the cold on European Brexit talks
Chief Andrew Bailey confirms that the regulator is not involved in all regulatory discussions on the UK’s EU exit.
#Insagepeople: 03 - 09 July 2017
Keep up to date with the latest people moves.
Broking Break: Your top five of the week
Job losses at Lloyd’s, an acquisition, Apple’s cyber insurance plans, company results and rebrand head this week’s list of stories.
Fitch turns negative on Lloyd’s outlook
Rating remains the same at AA-.
MS Amlin picks Belgium as post-Brexit hub
According to the firm the change is expected to be completed in time for 2019 renewals.
Lloyd’s to reduce UK staff headcount by 10% in Q4
London Market is looking to reduce costs, improve efficiency and drive forward a modern agenda.
Medical indemnity scheme set up by Servca
The Lloyd’s broker said other brokers would be able to white label the scheme which is backed by A rated cover.
BBi Horsham awarded chartered status
New status places emphasis on professional qualifications and high standard of advice and service, says broker.
CII launches new London Market qualification
Certificate is aimed at brokers, insurers and reinsurers involved in the London Market.
Tysers reports decrease in profit for 2016
But turnover and Ebitda are up at the Lloyd's broker.
QBE chooses Brussels for post-Brexit EU base
Insurer to expand its current Brussels branch.
CNA Hardy picks Luxembourg for post-Brexit office
New unit to be established by the start of 2019.
Broking Break: Your Top 5
A recap of the stories that grabbed your attention this week featuring LV and its secret discussions with insurers, Lloyd's on redundancies and Markerstudy's hints on buying.
Lloyd's contacts all staff about voluntary redundancies
Corporation sends email to staff about voluntary severance programme.
InsurTech Futures: Lloyd’s of London fails to insure future with delay in technology take-up
Inefficient processes and a lack of understanding and deployment of technological solutions are holding Lloyd's back, writes Daniel Golding, director of financial services at Baringa.
Berns Brett awarded chartered status
Lloyd's broker commits to CII's code of ethics.