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Latest Lloyd's & London Market News

Rising US interest rates slash Beazley's investment income

The firm pinned a decline in net investment income of roughly 90% for the first half of the year on rising interest rates in the US, although chief executive Andrew Horton is adamant that these hikes will offer increased returns by year's end.

Liberty expands with two arrivals from AIG

Liberty expands team with two senior underwriting roles filled by ex-AIG underwriting managers.

Insurers create solutions for sharing economy

The insurance industry must create solutions for a sharing economy and needs to modernise its traditional ways, says a joint study from Lloyd’s and Deloitte.

Curtin to head Miller’s energy construction team

Ian Curtin, formerly of Marsh, has joined Miller to lead its energy construction team.

Capacity and regulation top MGA concerns

Capacity and regulation are the biggest concerns for MGAs, ahead of worries about the possible impacts of Brexit on their businesses.

CTMA names Probitas' Grint as new CEO

Charles Taylor Managing Agency has appointed Colin Grint as its new CEO, replacing interim Robert Andrews.

Automation cometh

A statistic being frequently cited in the industry alarmingly suggests that 98.9% of underwriters will be replaced by automation in coming years. Reactions considers this, and whether incumbent underwriters should be worried.

BLM hires new partners

Damian Cleary joins BLM as head of London Market, and Gavin Coull as head of reinsurance, both join from the London office of US based law firm Foran Glennon.

EPUL hires ex-Ms Amlin as senior underwriter

Former MS Amlin senior real estate underwriter Christopher Box has joined European Property Underwriting Ltd as it looks to grow into the UK and European property owner risks space.

Comments

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.

Reactions April digital issue online now!

This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.

Garry Booth on 35 years of Reactions: 1981 and all that

Reactions’ launch in April 1981 was probably one of the most exciting things to have happened in the market for years, such was the slow pace of life in the reinsurance business at the time.

Editor's comment: Thirty five years of hurt

Welcome to the 35th birthday issue of Reactions magazine.

Editor's comment: a new golden era for run-off? - FREE

2016 is fast becoming a year of rich pickings for run-off specialists, writes David Benyon, editor of Reactions.

Interviews

Interview: Chris Cotterell of Safeonline

One of the first brokers to build a book of cyber business, Chris Cotterell explains that the cyber market has come full circle.

Insurers are wasting unstructured data - CSC, Xchanging

Unstructured and underused data may be a gold mine for re/insurers according to CSC and Xchanging.

Xceedance targets a new outsourcing model

Xceedance CEO Arun Valakrishnan highlights the wealth of Indian tech talent that re/insurance businesses are failing to employ.

Willis Re’s John Cavanagh: Time to buy more reinsurance

Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.

Nick Cook interview: The new face of BMS

BMS has undergone a comprehensive revamp – strategically and financially – since June last year. One year on, Reactions talks with BMS Group CEO Nick Cook to find out more about the ambitious five year strategy the broker is implementing.

Mike Krefta on Hiscox Re's changing strategy

Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.

Regime change: Pool Re's Julian Enoizi

Pool Re CEO Julian Enoizi spoke to Reactions about the new deal struck with the Treasury and the changes he is now driving through to modernise the UK'?s terrorism risk reinsurance pool.

Profiles: Top women in re/insurance

Profiles: Contrary to the diverse consumer base insurance serves, most industry C-suites are dominated by white, older men. Reactions speaks to some of the industry’s most renowned women as well as what can be done to get more women in the industry.

Interview: Novae - Off the to-buy list

Novae can start considering acquisitions rather than being acquired since share value has soared above book value, Novae’s CEO tells Reactions.

Latest Issue

May 2018

 

In this month's Reactions

  • CIO Perspectives
  • Peter Röder interview
  • Dominic Addesso interview
  • Political risk report
  • Ivan Gonzalez interview
  • Digitisation in London
  • Michael Watson interview
  • Demian Smith interview

CLICK HERE TO READ THE LATEST ISSUE

 

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