London Market

BMS acquires DR&P in ~£450mn deal

BMS Group has bolstered its UK regional presence after entering into an agreement to acquire David Roberts & Partners in a deal understood to be valued at £450mn.

Sharpe becomes latest confirmed exit from Price Forbes Re

Strategy and innovation executive Chris Sharpe is to leave Price Forbes Re, Ardonagh Specialty’s recently rebranded reinsurance broking unit, The Insurer can reveal.

HRP Syndicate 2689 names D’Alessandro head of portfolio underwriting

Hampden Risk Partners’ Syndicate 2689 has appointed Giancarlo D’Alessandro as head of portfolio underwriting.

Altus Consulting opens Lloyd’s office

Financial services consultancy Altus Consulting has opened its London headquarters in the Lloyd’s building.

IUA adds three members including Munich Re Specialty

Munich Re Specialty, Coverys Limited, and Advent Risk Management have joined the International Underwriting Association (IUA).

IQUW promotes MacDonald to head of property

Lloyd’s insurer IQUW has promoted Robbie MacDonald to head of property.

Connect launches Stability Re to provide binder capacity to London MGA

The Connect Group – including specialist reinsurance MGA Connect Underwriting – has launched a new specialty reinsurer, Stability Re.

LMA and IUA publish sustainability data standard for underwriters

The Lloyd’s Market Association and the International Underwriting Association have partnered to launch a new data standard for underwriters when collecting sustainability data from clients.

Flight disruption from outages causes surge in parametric travel payouts

Due to the increasing prevalence of parametric flight disruption coverage in recent years, many holidaymakers whose journeys were delayed due to the recent global outage received automatic compensation.

SRG adds MGA Trilogy to MX Underwriting

Expansive intermediary Specialist Risk Group (SRG) has acquired property and casualty-focused MGA Trilogy Underwriting within its underwriting pillar MX.

CII adds London market and financial planning engagement board members

The Chartered Insurance Institute (CII) has added three engagement board members across London markets, financial planning and personal finance.

How smart follow and algorithmic underwriting are changing the London market

Lloyd’s syndicates are increasingly launching smart follow and algorithmic underwriting capabilities to compete more effectively in a faster market. The Insurer examines this emerging trend.

Ex-Albus and PERse UW Dench working on launch of renewables MGA Immaculata

Former Albus and GCube underwriter Scott Dench is lining up capacity to support a new London renewable energy-focused MGA called Immaculata and is targeting a September launch, Program Manager can reveal.

Travelers energy duo Scott and Nooth-Cooper depart Lloyd’s business

Travelers has seen further high-profile departures from its Lloyd’s operations with head of power and utilities Louis Scott and head of renewables Tom Nooth-Cooper both exiting the business, The Insurer can reveal.

Comment: Thirty years of hurt and a Lloyd’s blueprint going nowhere slowly

Years of failure, false dawns and broken dreams is a familiar sensation for England football fans, who once again tasted disappointment on Sunday after losing to the more deserving winner Spain in the Euro 2024 final.

PPL reports 29% reduction in recorded market issues over H1

London market placement platform PPL saw a 29 percent reduction in market-raised tickets between January and June this year following several remediation initiatives to address performance issues.

Ageas UK names DLG and Aviva veteran Lecanon as CRO

Belgian insurer Ageas has named former Direct Line Group and Aviva executive Aurore Lecanon as chief risk officer for its UK carrier.

To M&A, or not to M&A?

ICMR’s Markus Gesmann and Quentin Moore examine how firms can assess (re)insurance portfolio valuations in real time

Labour commits to new anti-terrorism legislation as Martyn's Law moves forward

The UK’s new Labour government has included the long-anticipated Protect Duty – also known as Martyn’s Law – in its legislative agenda, in a move welcomed by the London (re)insurance market.

IUA pushes for framework to underwrite advanced aviation technologies

The International Underwriting Association has called for a robust certification process for safety and access to data to enable London market underwriters to analyse risks and liabilities associated with new aviation technologies.

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