Lloyd’s of London
Profile – Stephanie Ogden, HDI Global: Making a difference
Having progressed from a graduate trainee in Guildford to Allianz branch manager in Scotland, and via Lloyd’s in London to UK & Ireland managing director for HDI Global, Stephanie Ogden is ready to take brokers on the next step of the German-owned…
Lloyd’s more than doubles half-year underwriting profits and grows GWP
Lloyd’s more than doubled underwriting profits in the first half of the year to £2.5bn from £1.2bn in the same period of 2022.
London-based 1783 Group joins Brokerslink
Brokerslink has added sports, music and entertainment contingency broker 1783 Group to its network.
Clive Buesnel exits Tysers following sale to AUB Group
Tysers has announced that Buesnel, who became CEO of the business in June 2020, is set to leave at the end of August.
People Moves: 10 – 14 July 2023
Stay in the loop with the latest personnel moves in insurance.
Clear Group strikes first MGA deal
The Clear Group has acquired a 50% shareholding in Thomond Underwriting based in the Republic of Ireland and Northern Ireland, the broker’s first MGA deal.
LMG unveils Futures Academy to boost under 30s working in specialty insurance
The London Market Group has announced that the EC3 insurance community will host its first 'Futures Academy', providing a fortnight of industry insights for more than 100 Year 12 students.
Insurtech Innovative Risk Labs enters Lloyd's
Innovative Risk Labs has staked a claim for being the first-ever broker of its kind to secure a license to operate within the Lloyd's market.
A ‘moral commitment’ - Aon and Lloyd's partner to help Ukraine
Aon and Lloyd’s have partnered with an insurer to support Ukraine firms and ‘restore well-being’ to the war-ravaged nation.
Gallagher NED chair Sue Langley awarded a Damehood
Gallagher UK’s non-executive chair Sue Langley was awarded a Damehood in King Charles’s Birthday Honours list at the weekend for services to both financial services and public service.
A return of cash flow underwriting – is this common sense or a kamikaze approach?
As interest rates rise, talk is growing of a return to cash flow underwriting. Popular in the 1980s and 1990s, this is when insurers underwrote unprofitably, but were covered by strong returns. There is concern that insurance could be heading for the…
Exiting Chaucer boss John Fowle to join rival Lloyd’s insurer
Chaucer group CEO John Fowle is to join Lloyd's insurer Atrium Underwriters.
Clegg Gifford launches digital platform to give brokers access to Lloyd’s capacity
Clegg Gifford has partnered with digital agency MagiClick UK with the ambition of giving UK high street brokers “improved accessibility [to] Lloyd's capacity” through new e-trading platform Six.
Lloyd’s appoints Rachel Turk as chief underwriting officer
Lloyd’s has named Rachel Turk in the new role of chief underwriting officer joining from Beazley.
Aviva still weighing up Lloyd’s re-entry as part of GCS strategy
A Lloyd’s market re-entry is still under consideration by Aviva, according to its CEO of UK & Ireland general insurance, Adam Winslow.
Lloyd’s joins Biba as a partner
Lloyd’s has become the 21st partner of the British Insurance Brokers’ Association.
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.