Lloyd’s of London
People Moves: 13 - 17 June 2022
Stay informed on the top personnel changes in the insurance space.
FCA warns on areas of harm in wholesale market
The Financial Conduct Authority has zoned in on wholesalers, MGAs, the London Market and consolidators and warned that firms have “not fully embraced its key messages” around product oversight or firm culture and purpose.
Superscript launches ‘Daylight’ for digital asset businesses
Superscript has staked a claim to be the first Lloyd’s broker to launch a product dedicated to distributed ledger technology, digital asset, and blockchain businesses.
Clegg Gifford buys ARs to expand branch network
Markerstudy-bound Lloyd’s broker Clegg Gifford is targeting a branch network of 30 and is buying up its current appointed representatives, Insurance Age can reveal.
AUB Group to purchase Tysers for £500m
The Lloyd’s wholesale broker has entered a binding agreement to be bought by AUB.
Lloyd’s wholesale broker Corrie Bauckham Batts goes into liquidation
The Financial Conduct Authority has confirmed that Corrie Bauckham Batts went into liquidation on 20 April with John Dean Cullen and Rachel Helen Lai of Menzies appointed as joint liquidators.
Extinction Rebellion blockades Lloyd’s
Climate protestors have used superglue, chains and bike locks to block 25 entrances into the iconic Lloyd’s building on Lime Street in London.
PIB snaps up international wholesale specialty broker Guest Krieger
The London Market broker writes specialty business mainly emanating from Israel but also from more than 30 other countries.
Lloyd’s picks 11 for latest lab cohort
The insurtechs have been selected based on solutions geared towards four key themes: decarbonisation and climate change; supply chains; data and models; and claims.
Lloyd’s CEO John Neal in hospital after cycling accident
The marketplace’s leader is expected to make a full recovery after sustaining serious injuries.
Lloyd’s posts underwriting and pre-tax profit for 2021
The marketplace swung back to £2.3bn profit after a loss of £900m in 2020.
Atrium expresses deep regret over misconduct after Lloyd’s issues £1.05m fine
Discrimination, bullying and harassment failures led to the Lloyd’s managing agent’s record-breaking fine.
Atrium fined over £1m by Lloyd’s for discrimination, bullying and harassment failings
The fine is the largest ever handed down by the Lloyd’s Enforcement Board as it listed charges including an annual “Boys Night Out” that featured initiation games, heavy drinking and making inappropriate and sexualised comments about female colleagues.
Government sets 28 March deadline for Russian aviation insurance ban
The UK government revealed the insurance sanctions on 3 March in response to the invasion of Ukraine by Russia.
People moves: 28 February - 4 March 2022
Keep up to date with the latest industry news.
Lloyd’s open for growth but demanding sustainable performance
Market leader stresses remediation is not a ‘once and done’ exercise as focus increases on catastrophe risks.
UK brings in sanctions blocking Russian access to aviation insurance
AM Best put ratings of suite of Russian insurers and reinsurers on negative watch at the start of the month.
SJL set ups Bristol ‘hub’
It is the third office for the business, and founder Simon Lancaster says there are plans to open in other areas of the UK
Brokers urged to engage with Lords' Committee's insurance market regulation inquiry
Biba confirms it will be will be putting in a response to the consultation which closes on 11 February as compliance experts discuss whether the inquiry could have an effect on the regional broker market.
New broker NW Risk Solutions launches
NWRS, led by MD Peter Stevenson, has joined James Hallam's Appointed Representative Partnership Programme.
Lloyd’s announces leadership structure for Blueprint Two programme
CFO Burkhard Keese will take on the role of COO while Bob James, director of marker transformation, will be responsible for the delivery of the company's Blueprint Two programme.
Richard Rogers, Lloyd's building architect, passes away
Lord Rogers designed the Lloyd's building on Lime Street in London.
HMRC flags potential code of conduct for brokers in IPT consultation update
Government outlines the next steps and details responses from industry stakeholders, including brokers, insurers and trade bodies.
Consilium adds PI cover to asbestos scheme
The product is available to asbestos removers, demolition contractors, surveyors, general building firms, and allied trades.