LMG consults on expanding Core Data Record to include treaty reinsuranceThe London Market Group’s Data Council has launched a consultation over proposals to extend the Core Data Record to cover treaty reinsurance.
McGovern to succeed Brooks as LMA chair in 2026Sean McGovern is to become chair of the Lloyd’s Market Association on 1 January 2026, succeeding Andrew Brooks.
Sabre reports £186.5mn GWP for 9M 2024London-listed Sabre Insurance has reported gross written premium of £186.5mn ($241.9mn) for the first nine months of 2024, a 15 percent increase on the prior-year period.
Aon picks Neverton to lead strategic broking for professional servicesAon has named Adam Neverton as global head of strategic broking for professions, effective immediately.
LMA names Levett head of regulatory affairsThe Lloyd's Market Association has appointed John Levett as head of regulatory affairs.
TMK adds Axis’s McShane to lead tech and media E&O offeringTokio Marine Kiln has appointed Thomas McShane with a remit to launch a technology E&O offering in London, The Insurer can reveal.
UK motor insurance stocks fall on government crackdown pledgeShares in UK insurance stocks took a hit on Wednesday following the government's commitment to crack down on the “spiralling” cost of motor insurance.
UK insurers warned to drop fossil fuels ahead of planned targeted actionEnvironmental campaign group Extinction Rebellion has issued a warning to insurance executives to publicly pledge to cease underwriting fossil fuel projects in the next 14 days ahead of planned protests across the UK.
UK motor premiums fall for third consecutive quarter amid margin recovery: WTWUK motor insurance premiums have continued to decrease for a third consecutive quarter, with the cost of an average comprehensive motor policy falling 2 percent between July and September.
LMA and IUA launch career simulations to address talent challengeThe Lloyd’s Market Association and the International Underwriting Association have launched two online job simulations to improve the visibility of career opportunities in the insurance sector.
Aegis London leads $25mn Lloyd’s consortium to insure mine rescue operationsLloyd’s insurer Aegis London has launched a $25mn mine rescue insurance consortium, with participation from Brit, IQUW, Hampden and Abbot.
Nardac: Offshore renewables to remain buyers’ market unless claim burden intensifiesLondon underwriting capacity for offshore renewable energy and infrastructure projects has been forced into competing on price, with premiums expected to remain low over the next 2 to 3 years, according to Nardac Insurance Services.
Axis names Flitman London ceded re headAxis Capital has promoted Sam Flitman to London head of ceded reinsurance.
Arch Insurance promotes Brooks to global fine art and specie headArch Insurance International has promoted Peter Brooks to global head of fine art and specie.
Latest Blueprint Two delay follows audit that revealed only 70% of coding is completeAlmost a third of the initial coding has yet to be delivered for phase one of the repeatedly delayed Blueprint Two Lloyd’s modernisation programme, The Insurer understands.
Blueprint Two phase one tech build completion pushed back to Q1Completion of the crucial technology build for phase one of Lloyd’s ambitious Blueprint Two modernisation programme has been pushed back to an unspecified date in the first quarter of next year.
PV and war-focused Applied Crisis Underwriters set for December launchApplied Underwriters is set to launch Applied Crisis Underwriters, a London-based specialty unit led by former Westfield Specialty executive Henry Gillingham as president.
FCA’s Reynolds recognises “trade off” in flexibility of consumer duty rulesThe Financial Conduct Authority’s director of competition Graeme Reynolds has called on UK insurers to view the new consumer duty as a cultural change rather than a compliance exercise, while acknowledging that flexibility in the rules can lead to confusion.
DAE, Axa clinch deal as UK battle over jets 'lost' in Russia kicks off2 October (Reuters) by Kirstin Ridley and Sam Tobin – Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer Axa over jets retained in Russia since the 2022 invasion of Ukraine, raising the prospect of further deals as a London High Court "mega trial" kicked off.
Cyber Monitoring Centre partners with Parametrix on cloud outage riskThe UK’s Cyber Monitoring Centre (CMC) has partnered with cyber modelling firm and parametric-focused MGA Parametrix Analytics to investigate the impact of cloud outages on UK organisations.