Lloyd’s of London
Broking break: Your Top Five
Deals, bribery offences, Arnold Schwarzenegger and Kanye West hit the headlines this week and make up the five most popular stories.
Lloyd's syndicates file counterclaim in Kanye West $10m insurance claim
Insurers file countersuit to rapper’s demand for payout for cancelled dates, saying it has found discrepancies in his medical history.
ABI slams “unnecessary, unworkable and unfair” motor ruling
ABI warns that owners of vehicles like golf buggies and motorised lawnmowers could be forced to take out third party insurance unless the European Commission takes action.
Tasker Insurance names Robert Organ as new CEO
Former Bluefin CEO replaces founder and current chief executive Paul Tasker.
Quizzical questions: 04 August 2017
Test your knowledge of the week's news with our topical quiz.
Inga Beale named as new CII president
In addition, Jonathan Clark is elected as new CII deputy president.
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.