Lloyd’s of London
Lloyd’s launches Speak Up campaign to address culture problems
Campaign directly follows results of an independent survey on the market’s culture.
Pioneer confirms Lloyd’s syndicate run-off
Syndicate 1980 already had its 2020 business plan approved by Lloyd’s as Pioneer says it is in talks about fresh investment in its underwriting operation.
PSC Insurance Group buys Carroll Insurance Group for £3.4m
Deal sees CIG join the group's existing Carroll Holman Insurance Brokers business in London.
Lloyd’s to create single governing body
Decision follows consultations which saw over 90% of the market support the idea to merge its Board and Council.
Vibe syndicate enters run-off
Syndicate 5768 will stop underwriting as of the end of this year as it fails to secure enough support.
Quizzical questions: 1 November 2019
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B.P. Marsh invests £1m in Lloyd's broker Lilley Plummer
PE firm takes a 30% stake in the specialist marine broker.
Aston Lark buys Lloyd’s broker Protean Risk
Acquisition is Aston Lark’s first since securing £320m in financing from Goldman Sachs.
CPP unveils SME cyber insurance on Acturis
Product is the first launched by CPP since it joined the insurance broker market.
Blog: Is the capacity crunch a step in the right direction?
Manchester Underwriting Management's, Richard Webb, explores the changing nature of capacity in the market.
Most complained about insurer revealed
Data from the Financial Conduct Authority highlighted the most complained about providers and brokers.
Quizzical questions: 11 October 2019
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Lloyd's chairman Bruce Carnegie-Brown joins Cuvva
InsurTech Futures: Carnegie-Brown succeeds Nick Parker, who had been with the start-up broker since it launched.
The Blog Spot: Time to say #MeToo
Following her news analysis on sexism and harassment in the regional broker space Ida Axling reflects on her own experiences.
Canopius finalises AmTrust at Lloyd’s merger
Provider says move will create a top-five insurer at Lloyd’s with combined premiums of about £1.8bn, but admits that a small number of people are at risk of redundancy as a result of the deal.
Lloyd’s seeks to modernise as it reveals first Future at Lloyd’s Blueprint
Market unveils modernisation strategy and aims to build the most advanced insurance marketplace in the world.
Inga Beale "not surprised" by Lloyd's culture survey results
In an interview with City AM, the former Lloyd's CEO described the insurance industry as "old-fashioned", with alcohol remaining an issue despite the booze ban on Lloyd's employees.
Biba commits to raising awareness of new inclusion data collection toolkit
Promise was made by Biba's CEO, Steve White, at an event at the Dive In festival, days after Inclusion@Lloyd’s launched its toolkit.
Quizzical questions: 27 September 2019
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Inclusion@Lloyd’s launches data collection toolkit
The Dive In Festival organiser says the toolkit examines the context and strategy for collecting data on the road to more diverse and inclusive workplaces.
Sexism at Lloyd’s: “Some way to go” to equality
Experts welcome the culture survey and suggest change is “badly” needed to tackle “deep-rooted cultures and complexities”.
Survey reveals some Lloyd’s staff “turn a blind eye” to sexism in the market
The culture survey found less than half of Lloyd’s workers would feel comfortable raising concerns to bosses about inappropriate behaviour or sexual harassment despite 8% of staff witnessing it.
Dive In 2019: Gender equality top priority in insurance
Research from Dive In also reveals that mental health is a key issue in the UK.
People Moves Round-up: 16-20 September 2019
Keep track of the past week’s market moves.