Lloyd's

London counts potential Brexit cost in millions

On the eve of Baden Baden, the International Underwriting Association has issued new figures highlighting that billions of pounds of London market business is threatened by the current uncertainty over the terms of the UK’s withdrawal from the European Union.

London company market wrote £22.725bn in 2016

The London (re)insurance market reached a record size in 2016 after the International Underwriting Association (IUA) revealed today (20 October) that its members increased their business written in 2016 by 2.9 percent to £22.725bn.

Lloyd’s S&P outlook downgraded to negative

Against a backdrop of circa $100bn in industry losses from the recent catastrophic events, S&P has revised its outlook for the market from stable to negative, while maintaining it’s A+ financial strength.

Barbican appoints Booth to new role of underwriting director

Barbican, the private equity owned Lloyd’s insurer, has promoted Andy Caldwell to active underwriter of its Syndicate 1955 with his predecessor David Booth being appointed to a new role of director of underwriting.

Hoare warns of impending &quote;reinsurance failures&quote;

Hoare warns of impending "reinsurance failures"

The CUO of Munich Re Syndicate Ltd, Dominick Hoare, has given a stark warning to expect “reinsurance failures” as the industry confronts a rising tide of over a $100bn in storm losses from hurricanes Harvey, Irma and Maria.

Hiscox appoints former Vodafone executive to new London CEO role

The Hiscox Group has created a new role of London Market business CEO and promoted one of its retail executives Kate Markham to the position.

Cargo still adrift warns Derrick

The chair of the International Union of Marine Insurance (IUMI) Cargo Committee, Nick Derrick has warned the specialist marine market that has to evolve if it is to remain sustainable.

Dame Inga's off message interview

Angerstein

Reports of advanced talks highlights R&Q’s commitment to Lloyd’s RITC, says CEO and Chairman Ken Randall

R&Q founder Ken Randall was once head of Lloyd’s regulation but it was the processing and management of its legacy business where he acquired a reputation as a no-nonsense run-off expert.

Facilitating new overseas entrants into Lloyd’s is key, says Barbican

Barbican, the Carlson Capital-owned insurance group with a pedigree for supporting new insurance entrants into the Lloyd’s market, says it is attracting a lot of interest from overseas carriers who currently have little or no existing relationship with Lloyd’s.

IGI: growth strategy may involve Lloyd’s “one day"

IGI executives attending the Monte Carlo Rendez-Vous paid tribute to the Lloyd’s platform and told Reinsurance Magazine that as a (re)insurer writing international business that in the long-term it would make sense to be a member of the 300+ year-old market.

Lloyd’s urged to cut cost base

Nick Frankland, the newly anointed CEO of Aon Benfield’s London market business, has said that Lloyd’s has to act “more swiftly” in reforming its processes and reducing a cost base which is now higher than many of its competitors.

CII names Lloyd's CEO as new president

Lloyd’s CEO, Inga Beale, has been announced as the 121st president of the Chartered Insurance Institute (CII) at the professional body’s Annual General Meeting held in London today.

CII names Lloyd's CEO as new president

Lloyd’s CEO, Inga Beale, has been announced as the 121st president of the Chartered Insurance Institute (CII) at the professional body’s Annual General Meeting held in London today.

Novae CEO tells shareholders to look to dividend of Axis deal

Novae Group plc CEO Matthew Fosh has said the company’s interims need to be taken in context as they posted a £14 million pre-tax loss for the first half of the year.

Headwinds hit Hiscox as pre-tax profits fall

Hiscox Plc saw shares dip this morning (31 July) after reporting a 50% fall in pre-tax profits for the first half of the year as it battles “ongoing head winds.”