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Latest Lloyd's & London Market News

Patrick Tiernan Becomes Lloyd’s Chief Of Markets

Will oversee performance management across the market.

Lloyd’s Names Digital-Transformation Liaison Lead

Experienced insurance IT specialist Hélène Stanway joins from AXA XL.

BGC Insurance Renamed ‘Corant Global’

Broking and MGA businesses Ed and Cooper Gay retain identities.

Gallagher Re Gets New CEO Next Month

Simon Behagg takes the helm as Rupert Swallow steps down.

Rating Actions Unlikely After BI Ruling

But claims costs will rise as a result of the decision, Fitch says.

UK Insurers on the Hook for Pandemic BI Claims

Litigation landslide on the way as Supreme Court finds for policyholders.

Lloyd’s Rolls Out UK ILS Platform

London Bridge Risk PCC gives ILS investors easier access to the market.

Convex Secures Further $500m Backing

Sixth Street injection means Catlin start-up now has total committed capital of over $3.2bn.

DUAL’s Tamesis Gets a Shot of Capital

Howden Group sets up capacity vehicle to support treaty reinsurance MGA.

Comments

New approaches needed for cyber risk

Businesses around the world face a growing and continuously evolving cyber threat. Insurers and reinsurers need to rethink how they can respond with capital efficient coverage, according to Devin Page, Hiscox Re’s Head of Specialty Reinsurance.

Editor's comment: The digital pivot

Travesty would be a return to the old methods of working post-coronavirus.

Legacy market relief for COVID-19 woes

DARAG's Dan Linden on why the run-off market is seeing an uptick in enquiries.

Editor's comment: What does the future have in store?

Reaction's editor Andrew Putwain reflects on his experiences in the market thus far.

Senior reporter comment: After Brexit - FREE

It’s no exaggeration to say that in London on the morning of Friday June 24, there was an outbreak of grief, heartbreak and tears, following the news that Brexit had triumphed in the referendum and the UK was set to leave the EU.

Editor's comment: Protectionism and Brexit - FREE

Protectionism is about the worst enemy that re/insurance faces, aside from Armageddon at the hands of war or natural catastrophe.

Garry Booth comment: Future shock warning - FREE

Some of what Alvin Toffler, author of influential book Future Shock, said about society could be applied to the insurance industry’s state of mind.

Editor's comment: Reinsurers' sleight of hand - FREE

The cheating phase of reserve releases is well underway, but reinsurers' underlying RoEs are reaching new lows, David Benyon, editor of Reactions, writes.

Garry Booth comment: Benmosche bio on AIG - FREE

If Carl Icahn is looking for holiday reading he might consider ordering the recently released autobiography of the late Bob Benmosche, writes Garry Booth, Reactions' contributing editor.

Interviews

Office life after lockdown

Working remotely has changed employment practices permanently – presenting big challenges to insurers’ HR departments, says Tom Welchman, a Partner at McKinsey.

Steadying the asset ballast

Most insurers were rocked by investment losses resulting from market volatility and are now looking at ways of improving the resilience of their portfolios, according to Ed Collinge, Global Head of Insurance at Robeco.

London: leveraging lessons

London Market Group CEO Clare Lebecq on the current state of the market and future-proofing for longer-term success.

WINning strategy

Firms will need to adapt to the new market dynamics, according to the new CEO of THB.

Innovation is Ki

The launch of Brit’s new follow-only syndicate in Q4 could offer a glimpse on the future of Lloyd’s.

Lloyd’s gets SIAB boost

Asta CEO says in Carbon, the SIAB scheme is achieving what it was designed for.

ACORD CEO: More work required for London digitisation

Bill Pieroni identifies weaknesses in digital processes laid bare by COVID-19.

Catlin: Pool Re could be holding company for Pandemic Re

Terrorism reinsurance mutual could be the basis of a wider systemic risk reinsurer of last resort.

Returning to equities with caution

Pool Re’s Ian Coulman on difficult decisions facing CIOs.

Latest Issue

January 2021

Final Issue Cover  

In this month's final issue of Reactions:

  • The 40 most influential figures
  • The 40 most impactful events 
  • Exclusive interview: Pat Ryan
  • Reinsurance Renewals in focus
  • Aviation market report
  • Event Cancellation market report

CLICK HERE TO READ THE LATEST ISSUE

 

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