Swiss Re and Chubb targeted in second day of climate protestsMembers 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 2026Sean 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 lossesClaims 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 accountsLondon 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 journeyMicrosoft 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 presidentThe Insurance Institute of London has named Lucy Clarke as president for 2024/25.
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.
South Africa’s Santam eyeing Lloyd’s entry to spur international ambitionsSouth 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 2024With 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 probeThe 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 approvalsThe 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 learningA postcard from the Labour Party conference by London Market Group CEO Caroline Wagstaff.
PPL launches express contract functionalityLondon 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 SpiresAspen 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.
City grandee Michael Spencer acquires ~8% Helios stake from HSCMICAP founder Michael Spencer has acquired Hudson Structured Capital Management’s ~8 percent stake in Lloyd’s investment vehicle Helios Underwriting.
AUB names Wilson as Tysers CEOAUB Group has appointed Tom Wilson as CEO of Tysers and Bob Pybus as CEO of AUB UK Retail.
HSCM exits listed Lloyd’s investor Helios after selling remaining 5.8 million sharesMichael Millette’s Hudson Structured Capital Management has sold its remaining position in London-listed Helios Underwriting after offloading its stake of ~5.8 million shares earlier this week, The Insurer can reveal.
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.
LMA launches consultation on digital delegated authority wordings modelThe Lloyd’s Market Association has launched a market-wide consultation on the development of a new computable binding authority agreement model wording as part of the overarching digital transformation programme for the London market.
IUA: London company market premium totals £48.4bn as property continues to dominateOverall premium income in the London company market totalled £48.43bn ($63.96bn) in 2023, according to the International Underwriting Association (IUA), which when combined with Lloyd’s premium marks the first year in which total London market premium topped £100bn.