Lloyd’s of London
Lloyd's to review the future of its underwriting room - report
The market says underwriting room is "here to stay" as the Daily Mail reports that a consultation next year could see the room scaled back.
Syndicate 1991 to go into run-off
The Lloyd's syndicate will stop writing business on 31 December in another loss for the liability market.
Lloyd's targets £800m cost reduction in second phase of transformation programme
Market outlines its ambitions for phase two of its Future at Lloyd's strategy as it seeks to modernise.
Trireme rebrands as Oxford Insurance Group
The group includes UK-based Oxford Insurance Brokers, James Hampden International Insurance brokers and MGB Insurance Brokers.
Parametric insurtech FloodFlash targets bigger risks with new launch
Insurtech FloodFlash has launched a new iteration of its parametric commercial flood insurance designed to support risks and portfolios where the flood premium is between £20,000 and £1m annually.
Dive-In launches with authenticity and perspective as its themes
The diversity and inclusion festival, which begins today, has done research that found firms should pay closer attention to D&I in times of crisis.
Lloyd's expects to pay out £5bn in coronavirus claims
Market reveals a loss of £0.4bn and a worsened COR in its financial results for H1 2020.
Insurance Museum looks to raise £3m
The initiative is trying to raise the sum each year to develop a visitor centre, make a documentary series and develop educational outreach.
S & G Risk Solutions makes senior hire
Exclusive: Jaimie Quill joins the business from Miles Smith.
Aston Lark consolidates Lloyd's presence with broker buy
The firm has purchased Incepta for an undisclosed sum.
Lloyd's commits to female representation target
Market also launches Culture Dashboard and is set to undertake a second annual survey in October following heavy criticism of its culture in 2019.
Lloyd’s Dive In festival opens registration
The diversity event is taking place virtually this year and has speakers including the first British astronaut Helen Sharman and BBC presenter Naga Munchetty.
Lloyd’s approves syndicate to insure transportation of Covid-19 vaccine
The syndicate-in-a-box is supported by Ascot, Axa XL and McGill and Partners.
S&G Risk Solutions buys BLW Insurance Brokers
The deal is S&G's first after it was formed in March 2020 with the aim to support smaller brokers.
Insurers failed to raise issues with government's restriction triggers, says FCA
If insurers disagreed with the government’s conclusions following a meeting with the industry that they would pay out based on March advice then they should have spoken out sooner and given politicians an earlier ‘opportunity’ to enforce mandatory bans,…
Insurance Covid-Cast: Future of Insurance Work - What do millennials want from their employers; and has it shifted due to Covid-19?
For the 32nd episode of Post and Insurance Age’s video series we gathered together a panel to discuss how millennials have experienced lockdown and what temporary practices they would like to see made permanent.
Lloyd's proposes solutions for non-damage BI cover
The insurance market has revealed a number of frameworks to help tackle the coronavirus crisis as well as future systemic catastrophes.
Lloyd's and RSA apologise for slave trade links
Lloyd's pledges support for BAME communities as it condemns "appalling and shameful" part of its history.
Insurance Covid Cast: Reinvigorating the workforce post-pandemic
In the 27th episode of Post and Insurance Age’s video series we gathered together an expert panel to discuss what the insurance sector has learnt over the last three months - and how it might shape the employer-employee relationship when offices re-open.
Insurance Covid-Cast episode 18: Brit head of innovation James Birch on digital Lloyd's start-up Ki's plan to be a top 10 syndicate by 2025
Ki, the new standalone algorithmically-driven digital Lloyd’s syndicate launched by Brit Insurance in collaboration with technology giant Google, aims to be a top ten player in terms of capacity by 2025.
Lloyd's expects $4.3bn claims hit from Covid-19
Market predicts the pandemic to be one of its largest pay-outs ever and states the estimated underwriting losses covered by the industry as a result of Covid-19 will be around $107bn in 2020.
Insurance Covid Cast Episode Nine: Could Tiger King Joe Exotic cut it as a fraud fighter or handle big cats at Lloyd’s?
In the latest Insurance Post and Insurance Age video cast brought to you while our journalists are in isolation lockdown we present first in an irregular series - Covid Culture Club - where we discuss things to watch and do at home.
Lloyd’s pulls together BI data for PRA – reports
The marketplace has been asked to collate insurer BI cover information for the regulator.
The Insurance Age Podcast: 3 April 2020
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.