The Society

Lloyd’s mulls mandating PPL after slow take-up

Lloyd’s of London has announced plans to mandate its electronic placing platform PPL as it says take up is not happening “fast enough”.

Lloyd’s expense ratios balloon as company market resists rises

Lloyd’s combined acquisition and administrative expense ratio hit 40.6 percent in 2016 as the Corporation continued to underperform its company market competitors despite a concerted efficiency drive and attempts to modernize the market.

Lloyd’s has ‘long way to go’ in harnessing ILS: Parry

Lloyd’s has a “long way to go” in taking advantage of the new insurance-linked securities (ILS) legislation that came into force last year, the Corporation’s chief financial officer (CFO) John Parry has said.

Rupert Atkin appointed AHJ non executive

Industry veteran Rupert Atkin has joined independent broker AHJ as a non-executive director.

Lloyd’s embarks on ILS ‘non-deal’ roadshow

Two months after the UK government passed legislation to allow for on-shore ILS transactions, Lloyd’s is embarking on a “non-deal” roadshow with fund managers to explore the prospect of a market catastrophe bond that would add an extra layer of capital security to policyholders.

Lloyd’s needs to share data to improve market efficiency

Senior industry executives gathered at Reinsurance’s ‘The Future of Cargo Insurance and Risk’ roundtable have called on Lloyd’s to do more to improve the distribution of data across the market.

Lloyd’s approves Agora Syndicate 3268 for 1.1 start

Lloyd’s has formally approved Mike Pritchard’s Agora to operate as a full syndicate from 1 January 2018.

Lloyd’s S&P outlook downgraded to negative

Against a backdrop of circa $100bn in industry losses from the recent catastrophic events, S&P has revised its outlook for the market from stable to negative, while maintaining it’s A+ financial strength.

Lloyd’s urged to cut cost base

Nick Frankland, the newly anointed CEO of Aon Benfield’s London market business, has said that Lloyd’s has to act “more swiftly” in reforming its processes and reducing a cost base which is now higher than many of its competitors.

CII names Lloyd's CEO as new president

Lloyd’s CEO, Inga Beale, has been announced as the 121st president of the Chartered Insurance Institute (CII) at the professional body’s Annual General Meeting held in London today.