Lloyd’s of London
Google: Why brokers are "key enablers"
Insurance Age meets Dr Henna Karna, who heads up reinsurance and risk management solutions at Google Cloud, to learn more about Google's insurance plans and discuss the future for brokers in a tech dominated landscape.
People moves: 12-16 April 2021
Stay up-to-date with the latest personnel changes in the world of broking and insurance.
Lloyd's to benefit from hardening rates as it continues to take action on underperforming business
CEO John Neal discusses Covid-19 related claims, the continuation of Lloyd's decile ten strategy and the future of the underwriting room.
Pandemic pushes Lloyd's back into full year 2020 loss
Market forecasts customer pay-outs in relation to the Covid-19 will reach £6.2bn on a gross basis.
Scheme developed to help women return to insurance
Nine insurers and brokers have created a cross-sector returners programme to encourage more “career break” women to return to the insurance industry.
ERS reveals $350m capital injection to drive expansion plans
Boston-based Abry Partners leads capital raise, with current major shareholder Aquiline also participating, as ERS continues to diversify into (re)insurance commercial lines.
Some progress but still problems as Lloyd’s publishes culture survey
Since the last survey in 2019 4% of workers have witnessed sexual harassment, despite the 2020 lockdown, and just 57% feel concerns are listened to.
MD for Arch Managing Agency revealed
Louis Tucker takes on the role with immediate effect, moving across from parent company Arch Insurance International.
Covid claims push Beazley to $50.4m loss in 2020
COR deteriorates to 109%, but the provider says its outlook is positive as it also posts 19% rise in GWP.
Ardonagh buys specialist PI broker
Hera Indemnity, which specialises in professional indemnity insurance for solicitors and brings GWP of £41m, will become part of Ardonagh Advisory alongside brands including Ethos Broking, Broker Network, Compass UK and Towergate's regional branch…
Reports point to e-trading surge among brokers
Coronavirus and tech drive in the Lloyd’s market have accelerated the adoption of e-trading in 2020.
Aviva’s Patrick Tiernan moves to Lloyd’s
Tiernan will take up the newly created role of chief of markets.
US giant, AssuredPartners, plans to double UK turnover as it hits M&A trail
David Heathfield, CEO of the US-based broker’s UK arm, discusses its recent deal to buy Borland Insurance and reveals ambitious UK growth plans.
Hardening market behind New Dawn Risk's UK move
CEO Max Carter and head of UK Broking Tom Malcolm discuss the Lloyd's broker's new venture and why they hope to partner with regional brokers.
BLW takes director from Gallagher as it expands into Scotland
Sandy Brownlee joins the wholesale broker to maintain and develop relationships with Scottish brokers and direct customers.
New Dawn Risk targets regional brokers
The Lloyd's broker has set up a UK division in order to partner with regional providers and offer direct products.
Seventeen Group creates Germany-based broker in response to Brexit
Lloyd's broker London Re, headquartered in Düsseldorf, has been launched in collaboration with German broker MRH Trowe.
Compass London Markets teams up with Bishopsgate Insurance Brokers
Parent company Ardonagh says move will give UK brokers access to the Lloyd's market and follows its deal to buy Compass owner Bravo Group in August 2020.
Aston Lark buys superyacht specialist broker
Lloyd's broker CRS Yachts will join Aston Lark's European business.
Lloyd’s and Parsyl launch insurance for distribution of Covid-19 vaccines
Public-private collaboration, including 14 global (re)insurers, addresses critical risks faced by Covid-19 vaccines and other health commodities during distribution
ERS solidifies move into commercial with Lloyd’s deal
The insurer will back Arcus as it targets specialty commercial and reinsurance lines.
SME specialist Ballantyne Brokers launches
Co-founder Ross Ballantyne says there is strong demand for a new broker in the market as "excessive market consolidation" leads to clients becoming disenfranchised.
Mint Insurance Brokers joins James Hallam's AR network
Mint is a retail and wholesale broker wit ha team of 18 staff.
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.