Lloyd’s Market Association (LMA)
Experts underwhelmed by FCA insurance rules simplification
Market specialists have given a lukewarm welcome to the Financial Conduct Authority’s changes to the insurance rule book, flagging missed opportunities, disappointments and branding the outcome as unlikely to get pulses racing.
FCA non-financial misconduct survey ‘uncomfortable reading’ – CII
Insurance industry bodies and practitioners have welcomed the Financial Conduct Authority publishing the findings of its non-financial misconduct survey and see opportunity to drive change.
People Moves: 21 – 25 October 2024
Stay in the loop with the latest personnel moves in insurance.
People Moves: 30 September – 4 October 2024
Stay in the loop with the latest personnel moves in insurance.
Lloyd’s appoints ex-McKinsey leader Sir Charles Roxburgh as chair
Lloyd’s has named Sir Charles Roxburgh as its next chair to take up the role on 1 May 2025, succeeding Bruce Carnegie-Brown.
Biba among trade bodies welcoming FCA’s regulation moves
The British Insurance Brokers’ Association has welcomed the Financial Conduct Authority’s regulation discussion paper, calling it a “positive first step”.
People Moves: 24 – 28 June 2024
Keep up to date with personnel moves within the insurance industry.
People Moves: 4 – 8 September 2023
Keep up to date with the latest insurance personnel moves.
People Moves: 25 - 29 April 2022
Keep up-to-date with the top personnel stories on Insurance Age.
People Moves: 15-19 November 2021
Keep up to date with the latest moves in the insurance space.
Insurance trade associations create fair value template
In an attempt to help firms better prepare for the Financial Conduct Authority's new product governance rules, trade associations representing the general insurance market have produced a fair value assessment template.
People moves: 1-5 November 2021
Keep up to date with the latest people moves in the insurance sector.
People Moves: 13-17 September 2021
Keep up to date with the latest people moves.
Biba 2021: Unintended consequences from silent cyber 'knee jerk' reaction
The clampdown on silent cyber exposure has had unintended consequences for customers with some alterations too “broad brush”, according to Axa UK managing director, underwriting and technical services David Williams.
People moves: 26 - 30 April 2021
The key job changes in the world of insurance this week.
Covid-19: Lloyd’s issues guidance to MGAs
Marketplace has issued detailed guidance on premium non-payment, binding authority contracts, administrative requirements, claims resilience, and audits.
LMA develops renewal clause amid Covid-19
The London Market organisation has published wording to ensure coverage continues beyond a specified renewal date as the coronavirus pandemic continues.
People Moves Round-up: 20-24 January 2020
Keep up to date with the latest market moves.
Whistleblowing failures prompt regulatory intervention at Lloyd’s
PRA has laid down new rules after the Society of Lloyd’s disclosed that it had not maintained an anonymous whistleblowing channel for 16 months.
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.
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”.