London market welcomes consultation on UK captive regimeThe London market has welcomed the announcement that HM Treasury will consult on a UK regime for captive insurance companies, highlighting that it could provide a vital risk management tool for large corporates while bolstering the city’s competitiveness.
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.
LMA adds Duncan Dale and Sarah Stanford to boardThe Lloyd’s Market Association (LMA) has added Sarah Stanford, CEO of Aspen UK, and Duncan Dale, CEO of Dale Underwriting Partners, to its board.
Labour, Liverpool and learningA postcard from the Labour Party conference by London Market Group CEO Caroline Wagstaff.
Aon’s Kus joins London Market Group boardThe London Market Group has added Aon’s Tracy Lee Kus to its board as a representative of London & International Insurance Brokers’ Association.
London market competitiveness “dead in the water” if regulators don’t speed upThe London market’s position as a leading risk transfer centre will be “dead in the water” if the UK government does not ensure a quick and efficient regulatory environment for new structures and mechanisms, London Market Group CEO Caroline Wagstaff has warned.
London market gender representation “stagnant” as bonus gap rebounds to 2021 levelsThe London market’s gender bonus gap increased year on year in 2023, returning to the 2021 level of 61 percent as women continue to be less represented in roles with higher discretionary pay, according to new data from the London Market Group.
London market political profile “higher than ever” as UK GDP contribution rises to £49bnNew data published by the London Market Group has shown a surge in the market’s contribution to UK GDP, with the body’s CEO Caroline Wagstaff describing the market’s political profile as “higher than ever before” on the back of its growing contribution to the economy.
LMG adds Howden Specialty CEO to board as Liiba representativeThe London Market Group has added Sarah Hughes to its board as a representative of the London & International Insurance Brokers Association.
McGovern: UK government lacks “natural” advocate for London marketLondon Market Group chair Sean McGovern has warned that the lack of a “natural advocate” for the sector within the UK government represents a “missing piece of the jigsaw” amid the ongoing drive to improve the market’s competitiveness.
“My mum told me not to work in insurance”Encouraging more young people into the insurance industry will be critical if the sector is to meet its talent challenge.
LMG appoints LSM’s Warren and HDI’s McDonald to boardThe London Market Group* has appointed Liberty Specialty Markets’ Jane Warren and HDI Global SE’s Claire McDonald to its board.
LMG Data Council forms Vukorep-chaired Core Data Record committeeThe London Market Group’s Data Council has unveiled a Core Data Record committee, chaired by Lloyd’s chief data officer Cassandra Vukorep.
LMG welcomes UK government’s regulatory performance metricsThe London Market Group has said the UK government's new performance metrics for the Financial Conduct Authority and Prudential Regulation Authority will ensure the recent Financial Services and Markets Act delivers.
LMG launches apprenticeship programme to shift London market demographicThe London Market Group has launched the Apprenticeship Discovery programme with the backing of 30 London market firms to promote specialty insurance as a career option.
LMG: London market to become global hub for green infrastructure and technologiesAs the need to accelerate the net-zero transition deepens, 90 percent of London market participants are planning to introduce new insurance products designed to enable the growth of green projects in the next 12 months, according to a new report by the London Market Group.
LMG takes steps with UK govt to discuss captive regimeThe London Market Group (LMG) has today convened a roundtable with city minister Andrew Griffith to discuss the benefits of introducing a UK captive insurance regime, under the group’s updated five-point plan.
Data Council outlines final recommendations following PRR market consultationThe London Market Group’s Data Council has published its final recommendations for process, roles and responsibilities around digital open market placement for direct insurance and facultative reinsurance.
TVThe Future’s here, the future is LondonAs the market heads off for the summer break, it can do so happy that it has moved the needle on what has been a decades long talent debate.
TVLMG launches inaugural Futures AcademyToday marks the launch of the London Market Group’s Futures Academy programme, which will see up to 50 London market firms provide a fortnight of industry work experience for over 100 Year 12 students.