London Market

AUB names Wilson as Tysers CEO

AUB 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 shares

Michael 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 board

The 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 model

The 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 dominate

Overall 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.

Dale Syndicate 1729 provisionally approved for 35.7% stamp increase to £475mn in 2025

CVC-owned Dale Underwriting has been provisionally approved for a 35.7 percent stamp capacity increase for Syndicate 1729 next year, continuing the trend of small and medium-sized Lloyd’s carriers planning for higher growth than most of their larger peers.

Aon's Moore: London market needs psychological shift on talent

To prepare for emerging macro risks, the London market must address strategic questions around talent, according to Rupert Moore, UK CEO of Aon’s Reinsurance Solutions, and Louisa Blain, Aon’s head of insurance for Human Capital.

Chaucer appoints former McGill exec Milgate as head of distribution

Chaucer has appointed former McGill and Partners executive Angus Milgate as head of distribution.

KBW warns investors not to overlook listed London carriers

KBW has upgraded Hiscox to outperform, aligning with its positive outlook on Lancashire and Beazley.

Whitespace introduces digital contract builder library

Verisk-owned electronic trading platform Whitespace has continued to expand its platform with the launch of new library and contract builder capabilities.

PPL implements major structural reforms to liberalise funding and ownership model

The London e-placement platform PPL Ltd is close to completing a major corporate and organisational overhaul, positioning itself to potentially raise external capital and capitalise on its pivotal role in risk transfer data, The Insurer can reveal.

Atrium 609 seeks 6.49 percent pre-emption to £985mn in 2025

Atrium 609 is seeking permission from Lloyd’s to increase its stamp capacity from £925mn to £985mn in 2025, despite its recent withdrawal from the property reinsurance class.

Michael John Rees obituary: 1944-2024

There are only a few men who represent all the best values of the London and Lloyd’s reinsurance market. Michael John Rees was one of them.

Howden CAP executive chair O’Connor exits

Howden Capital Advisory and Placement (CAP) executive chair Mary O’Connor has exited the company, The Insurer can reveal.

IUA adds three members including Munich Re Specialty

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

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.

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.

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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