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Latest Lloyd's & London Market News

MCI completes MBO from Castel

Specialised casualty underwriting business launched on the Castel MGA platform in 2015.

Aventus to launch in wholesale market

Retail-focussed operating system provider to expand scope with hires.

White Bear Capital agrees £80m investment deal

Alchemy Partners will take a substantial stake in the group alongside the staff and existing strategic investor Nephila.

Ki raises $500m with Blackstone and Fairfax backing

Capital to fund rapid growth to significant scale, group says.

FCA puts insurers on the hook for pandemic BI claims

Lawmakers find in favour of insureds in dispute over pandemic BI coverage, but appeals door still open.

Aston Lark acquires Lloyd's broker

Buys professional indemnity broker with 85 staff across four UK offices.

Lockton Re expands aviation division

Former Guy Carpenter executive to join in London office.

Brit appoints Allan Ki CEO

Brit's CFO to leave role to lead new algorithmically-driven Lloyd’s syndicate.

Lloyd's expects to pay £5bn in COVID-19 claims

Half-year results show pandemic added 18.7 points to the combined ratio of 110.4%.

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.

More work required for London digitisation

ACORD CEO 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

September 2020

 

In this month's Reactions

  • Cover interview with Sompo International Commercial P&C CEO Chris Gallagher
  • Reinsurance renewals in focus 
  • CEO Risk Forum 2020
  • London Market Awards gallery and round-up

CLICK HERE TO READ THE LATEST ISSUE

 

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