London Market

CII launches talent campaign for next generation of insurance professionals

The Chartered Insurance Institute has today launched its Insurance Influencer campaign, aimed at attracting the next generation of young professionals into the sector.

MS Amlin promotes Cleary to lead crisis management

MS Amlin has promoted Jamie Cleary to head of crisis management, in addition to his responsibilities as lead underwriter for credit and political risk.

Climate activists occupy City offices over EACOP and West Cumbria mine stance

Environmental activist group Extinction Rebellion today staged protests outside nine (re)insurers’ offices in the City of London, calling for an end to the industry’s alleged involvement in fossil fuel pipeline and mining projects.

Meacock family agree “equitable” deal with Lloyd’s over veteran underwriter’s capacity

Lloyd’s has agreed an exceptional deal with the widow of veteran underwriter Michael Meacock to retain more of his syndicate share than would ordinarily occur.

Lloyd’s and London market welcome govt U-turn on new reporting standards

The UK government has withdrawn a series of draft regulations which risked upping the regulatory burden on firms, and has announced a fresh package of reforms designed to streamline oversight, in a move welcomed by the London (re)insurance market.

Beazley’s new E&S carrier handed A (Excellent) rating by AM Best

Beazley’s newly formed US E&S subsidiary – Beazley Excess and Surplus Insurance, Inc – has been handed an A (Excellent) financial strength rating by AM Best.

Memorial service for Graham White to take place on 23 October

Family, friends and colleagues of the late Graham White will come together to celebrate the life of the popular Lloyd’s former deputy chairman on Monday 23 October.

PPL to begin API pilot scheme with WTW and Tysers

Placing Platform Limited will pilot its new generation of market APIs in the fourth quarter of 2023, working initially with WTW and Tysers.

LMG: London market to become global hub for green infrastructure and technologies

As 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.

Lloyd’s deputy chairs Carter and Brooks face challenge for their Council seats

High-profile London market duo Vicky Carter and Andrew Brooks are facing a challenge to their positions on Lloyd’s ruling body from a relatively unknown rival Karen Allen.

Lord Mayor: UK economic growth relies on “thriving” City of London

Financial and professional services are the “real jewel in the crown” of the UK economy, Lord Mayor Nicholas Lyons told The Insurer TV, and given the role (re)insurance plays within that, he is keen for the City of London to better ingratiate itself with the market.

Lancashire unveils London and US property insurance and D&F hires

London-listed Lancashire has bolstered its property insurance offering with several appointments, including that of Matthew Narbett as group head of property insurance.

Marsh continues bench strength lead in marine and energy classes

Marsh has retained its bench strength lead in both marine and energy in the 2023 London’s Leading Brokers report.

PPL confirms switchover to Next Gen platform for new risks

Placing Platform Limited has confirmed the switchover to its Next Gen platform as the sole platform available for the placement of new risks.

Beazley makes changes to board committee

Beazley has made a series of changes to its board committee including the appointment of Fiona Muldoon as chair of the risk committee.

London market’s Langley and Masojada formally inducted as Sheriffs

Former Hiscox CEO Bronek Masojada and Gallagher’s Sue Langley have been formally inducted as joint Aldermanic Sheriffs of the City of London, creating the intriguing scenario of the two becoming future Lord Mayors.

IIL elects Munich Re Syndicate’s Hoare as president

The Insurance Institute of London has elected Munich Re Syndicate’s Dominick Hoare as its new president.

Is London still the capital of insurance arbitration?

Deborah Ruff and Charles Golsong examine whether London’s position as the destination of choice for insurance arbitration is at risk.

UK’s ABI and Bermuda’s ABIR sign cooperation pact

The Association of British Insurers and the Association of Bermuda Insurers and Reinsurers have penned an agreement to collaborate and work together to tackle six mutual challenges facing the industry, including climate change and cyber risks.