London Market

PPL launches underwriter dashboard

Placing Platform Limited has launched a new underwriter dashboard to support users during periods of high volume on the platform.

Hiscox London market poised to return to growth in 2025: CFO Cooper

Hiscox’s London market business is expected to return to growth on net basis in 2025, with group Chief Financial Officer Paul Cooper highlighting “attractive” conditions in property, crisis management, and energy construction as continued growth drivers.

ABI, Lloyd’s unveil major cyber event framework to inform risk appetite and aggregation

The Association of British Insurers has published a paper in collaboration with Lloyd’s providing a guide for (re)insurers on how to approach defining a major cyber event.

Competition but no recklessness in London property: Lancashire’s Maloney

The London property insurance market remains disciplined with no sign of underwriting recklessness in the run up to renewal despite surging competition and continued confidence in trading conditions, according to Lancashire’s Alex Maloney.

Ebix Europe unveils new data-first features for PlacingHub

Insurance technology provider Ebix Europe has unveiled a raft of new features for its digital placing platform PlacingHub as the company seeks to move on from its recent chapter 11 bankruptcy under new ownership.

Swiss Re and Chubb targeted in second day of climate protests

Members of Extinction Rebellion’s Insure Our Survival campaign have blockaded 30 St Mary Axe – also known as the Gherkin – in the second day of targeted action against the UK insurance sector’s alleged involvement in new fossil fuel infrastructure.

McGovern to succeed Brooks as LMA chair in 2026

Sean McGovern is to become chair of the Lloyd’s Market Association on 1 January 2026, succeeding Andrew Brooks.

McLarens names Jacob to lead London international hub for complex specialty losses

Claims management specialist McLarens has named Alistair Jacob to the newly created role of head of London international, based in the firm’s Lime Street office.

PPL reports £5.83mn loss in FY 2023 accounts

London market placement platform PPL has booked a £5.83mn ($7.61mn) loss for the 2023 financial year, down on the £1.48mn surplus for the previous year.

PPL secures Microsoft partnership in “turning point” for London market’s digitalisation journey

Microsoft has agreed a multi-year partnership with Placing Platform Limited which will see the tech giant’s data and AI capabilities integrated into the London market specialty insurance trading platform, The Insurer can reveal.

IIL names WTW’s Clarke as 2024/25 president

The Insurance Institute of London has named Lucy Clarke as president for 2024/25.

LMA adds Duncan Dale and Sarah Stanford to board

The Lloyd’s Market Association (LMA) has added Sarah Stanford, CEO of Aspen UK, and Duncan Dale, CEO of Dale Underwriting Partners, to its board.

South Africa’s Santam eyeing Lloyd’s entry to spur international ambitions

South African insurer Santam is on the hunt for an adviser to lead the build-out of its London/international platform and is engaging with Lloyd’s on the launch of a syndicate, The Insurer can reveal.

Postcard from Dive In 2024

With this year’s Dive In Festival attracting participants across a record 48 countries over more than 130 sessions, the three-day event has continuously highlighted that inclusion is a business imperative which requires focus and commitment all year round.

FCA warns on lingering cultural issues ahead of publishing misconduct probe

The UK Financial Conduct Authority is set to imminently publish the results of its probe into non-financial misconduct within the London market and wider financial services sector, with warnings that some areas continue to face cultural issues.

Industry welcomes PRA plans to speed up Lloyd’s authorisations and cat bond approvals

The UK’s Prudential Regulation Authority has today announced a raft of upcoming proposals for its oversight of the insurance sector, including reforms to the insurance special purpose vehicle regime and its oversight of Lloyd’s managing agents.

Labour, Liverpool and learning

A postcard from the Labour Party conference by London Market Group CEO Caroline Wagstaff.

PPL launches express contract functionality

London market placement platform PPL has launched an express contract functionality aimed to improve the speed and ease with which brokers can bind risks.

Aspen adds former Lloyd’s executive committee duo Scott and Spires

Aspen has hired former Lloyd’s executive committee member Jo Scott less than one month after unveiling the appointment of the Corporation’s ex-general counsel Peter Spires as group head of compliance.