London market News
No Need to Build Capacity in One Room: U.S. E&S Market vs. Lloyd’s
In an article published by Carrier Management, contributing author Greg Gaydos, a business development executive from Zywave, suggested that doing business with Lloyd's is an expensive proposition. ...
Why Did It Take a Pandemic to Drive Electronic Placement in the London Market?
Electronic placing in the London market was a long time coming, with many obstacles to overcome. It took the pandemic to prove electronic placement is a benefit and not a ...
Lloyd’s Insurers Must Exclude State-Backed Cyber Attacks to Avoid Systemic Risks
Lloyd's insurers must exclude state-backed cyber attacks in standalone (or affirmative) cyber policies, according to a Lloyd's market bulletin issued this week. The exclusion would include liability ...
Rise of Remote Work to Define Future of City of London
More than 85 percent of UK finance workers no longer view the office as their main place of work, highlighting the challenge the industry faces if it tries to persuade bankers to return to ...
Net-Zero Business Opportunities Could Double Size of London Insurance Market: LIIBA
The business opportunities provided by the global transition to net zero is potentially large enough to double the size of the London insurance market, according to the London and International ...
London Insurance Brokers Probed for Bribery and Corruption by UK Serious Fraud Office
A handful of London insurance firms are being investigated for bribery and corruption by the UK's Serious Fraud Office, according to people familiar with the probe. The fraud cops are examining the ...
MGA Market 2022 Trend Watch: How to Secure London Capacity for U.S. Biz
MGAs thrive on delivering unique solutions for hard-to-place risks, with many companies quick to react to rapidly changing market dynamics. It is testament to the sector's resilience and adaptability ...
Lloyd’s Must Confront Past Steeped in Slavery
British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd's of London insured many of those vessels, the people chained below deck sometimes categorized as ...