Artemis Financial

Insurance Insider 07 February 2022 Surging wage inflation is an increasingly pressing concern for insurance and broking executives in the London market, with competition to hire and retain top talent … Find out more…

8th October 2020 Lloyd’s CEO John Neal has said he expects to sign off on business plans allowing the market to grow by between 12% and 13% in 2021 and … Find out more…

10th September 2020 Around a third of 2021 business plans being submitted to Lloyd’s at this stage in the planning season are unrealistic in terms of growth or profitability expectations, … Find out more…

30th July 2020 Lloyd’s has announced a target of 35% female representation in leadership positions as it seeks to fulfil its commitment to driving long-term culture change in the market. … Find out more…

14th May 2020 Lloyd’s CEO John Neal has said repricing “has to happen” following the substantial industry losses from Covid-19, and pledged flexibility in permitting additional growth to the market … Find out more…

27th April 2020 Inquiry found rules to be “riddled with problems, unfairness and unintended consequences… the potential impact on the wider labour market has been overlooked by the government. A … Find out more…

27 February 2020 The government has confirmed it will proceed with the planned extension of off-payroll rules into the private sector from April. The confirmation came in a report from … Find out more…

January 2020 Make no mistake, the sudden news that performance management director Jon Hancock is leaving Lloyd’s will send ripples across the London market. He’s the man who stopped the … Find out more…

December 2019 Anticipation of a harder market and the creation of an unrestricted light-touch cohort of syndicates has resulted in an increase in the aggregate Lloyd’s market stamp capacity of … Find out more…

December 2019 The number of Lloyd’s underwriting entities is steadily falling.  The closure of a sequence of syndicates – most recently Acappella, Vibe and Pioneer – has been the most … Find out more…

December 2019 Lloyd’s premium growth in 2020 will be heavily skewed towards better-performing syndicates as the Corporation seeks to incentivise the bottom quartile to improve performance and push the whole market towards … Find out more…

December 2019 Lloyd’s market expense ratio is expected to see a 0.4 percentage point improvement to 38.5 percent for 2020 as a decline in acquisition costs is partially offset by … Find out more…

December 2019 Gradually throughout the year more and more companies have set the precedence for incoming IR35 reform by confirming that they will not be engaging with contractors regardless if … Find out more…

November 2019 Lloyd’s market planned premium growth for 2020 will be a few points higher than the market-average risk-adjusted rate increase of 5 percent, The Insurance Insider understands.   Sources … Find out more…

November 2019 After the closure of three Lloyd’s syndicates since the start of the month – Vibe 5678, Pioneer 1980, and Acappella 2014 – there are plenty of reasons to … Find out more…

November 2019 Market participants who refuse to amend inappropriate behaviour must be removed from their roles even if they bring in large profits, the Lloyd’s CEO has said. John Neal … Find out more…

November 2018 The standard setter has deferred the effective date for International Financial Reporting Standard (IFRS) 17 – Insurance Contracts – to annual periods beginning on or after 1 January … Find out more…

May 2018 The overwhelming majority of UK insurers believe the incoming reporting standard IFRS 17 will be more costly than the Solvency II directive, new research has found. A survey of … Find out more…

March 2018  The Lloyd’s market made a £2bn ($2.8bn) pre-tax loss in 2017 as £4.5bn of major claims took their toll. The market made its first underwriting loss in six … Find out more…

February 2018 The International Underwriting Association (IUA) is seeking regulatory leeway on a proposed threshold after which European carriers with consumer-facing operations would have to convert their UK branches to … Find out more…

February 2018 Lloyd’s has estimated that male employees across the Corporation are paid 27.7 percent more on average than female staff. The Corporation published its gender pay gap figures today, … Find out more…

January 2018  Image copyrightGETTY IMAGESImage captionMany firms are panicking as cyber-attacks and regulatory fines threaten profits With cyber-attacks increasing in frequency and severity, many companies are turning to insurance to … Find out more…

January 2018  The vast majority of insurance companies worldwide are not prepared for the incoming accounting standard IFRS 17, despite recognising the significant risks it poses to their business Data … Find out more…

December 2017  The CFO of Munich Re has become the latest senior (re)insurance executive to criticise the incoming IFRS 17 global insurance accounting standard. IFRS 17, which will be mandatory … Find out more…

November 2017  The US property and casualty sector slumped in the first nine months of the year to deliver a $20bn underwriting loss after a trio of hurricanes pushed the … Find out more…