Lloyd’s to Create Single Governing Body, Merging Council and Franchise Board November 8, 2019 Re/insurance market Lloyd’s announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from June 1,...
A Trailblazer in the Lloyd’s Marketplace Looks Back and Ahead October 31, 2019 By Vicky Carter When Vicky Carter, Guy Carpenter’s chairman of Global Capital Solutions, International, started working in the insurance industry 40 years ago,...
Cyber Attack on Asia-Pacific Ports Could Cost $110B, Hitting Global Supply Chains October 30, 2019 A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution October 22, 2019 By L.S. Howard Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit...
Canopius Completes Acquisition of AmTrust at Lloyd’s October 3, 2019 Canopius Group announced it has completed its acquisition of AmTrust at Lloyd’s. The merger provides Canopius with significant additional underwriting...
Lloyd’s Reveals Blueprint to Build ‘Most Advanced Insurance Marketplace’ September 30, 2019 By L.S. Howard Lloyd’s of London has unveiled a blueprint for action to facilitate its Future at Lloyd’s project, which aims to “build...
London Market’s Early Modernization Program, LM TOM, Is Being Wound Down September 30, 2019 The Board of the London Market Group (LMG) announced that the London Market Target Operating Model (LM TOM) has been...
Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch September 30, 2019 By L.S. Howard Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since...
Lloyd’s Culture Survey Reveals ‘Ugly’ Levels of Sexual Harassment September 24, 2019 By L.S. Howard Lloyd’s announced the results of its culture survey, which was commissioned in March in the wake of press reports of...
Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail September 20, 2019 By Lena Masri By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay...