Lloyd’s of London
Lloyd’s confirms £2.6bn underwriting profit and targets £56bn GWP in 2023
Lloyd’s has delivered a £2.6bn underwriting profit for 2022, up from £1.7bn the year before.
London market broker completes management buyout
Ballantyne Brokers has completed a management buyout to become 100% owned by staff.
People Moves: 13–17 March 2023
Stay in the loop with the most recent insurance personnel moves.
Lloyd’s reveals market increases in female and ethnic minority leadership
Lloyd’s has reported a two percentage points increase in the proportion of women in leadership roles to 32%, as it targets reaching 35% by year-end.
Lloyd’s hails underwriting performance as COR drops to 91.9% in 2022
Lloyd’s has labelled its underwriting performance in 2022 as good as any in recent memory with “more than expected” improvement.
Wholesale travel broker tops up cancellation cover to £50,000
Wholesale travel broker PJ Hayman has topped up its cancellation cover from £20,000 to £50,000 amid the rise of travel restrictions since Covid.
Brit-owned Ki doubles GWP in second year of trading to almost £700m
The Brit-owned algorithmically driven Lloyd’s syndicate Ki has more than doubled its gross written premium to $834.1m (£698.6m) in 2022 – its second year of trading, reporting a combined operating ratio of 99.4%.
People Moves: 6 - 10 February 2023
Keep up to date with the latest personnel moves in the insurance industry.
Liiba zooms in on next generation with 2023 agenda to drive change in London market
The London and International Insurance Brokers’ Association has published its agenda for 2023, flagging a focus on putting insurance brokers – particularly younger professionals – at the centre of the London insurance market’s modernisation.
Amazon partner Superscript raises £45m in Series B round
UK-based insurtech Superscript has completed a £45m Series B funding round led by existing investor BHL UK, owner of Comparethemarket.
Lloyd’s broker snaps up schemes business from Crispin Speers
Lloyd’s broker BLW Insurance Brokers has acquired a specialist facility from Crispin Speers, Insurance Age can reveal.
People Moves: 12 - 16 December 2022
Keep up to date with the latest personnel moves in insurance.
Meet the MGA: Specialty MGA
With a USP of providing brokers and their clients with "immediate and predictable answers," Specialty MGA UK’s chief underwriting officer Philippe Bara outlines his plans for the new business.
Lloyd’s finishes cyber threat investigation and starts restoring online systems
Lloyd’s has found “no evidence” its systems were compromised following an investigation into a cyber threat.
Lloyd’s cyber probe ‘advanced’ but online systems remain in shutdown
Lloyd’s external connectivity remains in shutdown as it continues to investigate the cyber threat that emerged last week.
Lloyd’s cuts off online delegated authority platforms amid cyber threat
Lloyd’s took swift action yesterday to safeguard its online security by resetting its systems and switching off all external connectivity after discovering “unusual activity” on its network.
Insurers and brokers pay their respects to Queen Elizabeth II
Insurance brokers and insurers have paid their respects following the death of Queen Elizabeth II yesterday.
Lloyd’s posts £1.8bn half-year loss
Lloyd's has posted a loss of £1.8bn for the first half of 2022 compared to a profit of £1.4bn in the same period last year.
Analysis: Insurance dives deeper into returners talent pool
With an increasing number of insurance companies offering returners programmes Emmanuel Kenning looks into the benefits for all concerned as experts encourage even more firms to access this relatively untapped source of talent
Stubben Edge buys Genesis Special Risks
Stubben Edge has announced two strategic developments which have been designed to expand its capabilities for IFAs and brokers, Insurance Age can reveal.
Registration opens for 2022 Dive In festival
Diversity initiative Dive In has opened registration for its 2022 festival as it calls on the insurance industry to build braver cultures.
Lloyd’s launches mentorship scheme for LGBTQ+ staff
Lloyd’s of London has developed a pilot LGBTQ+ mentoring programme for those in the Corporation and Lloyd’s market.
Lloyd’s commits to One Lime Street – report
Lloyd’s of London is set to stay in the iconic Lime Street building designed by Sir Richard Rogers until at least 2031.
Nexus Underwriting unveils financial lines division
Managing general agent Nexus Underwriting has launched Nexus Frontier.