Tag Archives: General Insurance

Lloyd’s market to grow by up to 13% in 2021: Neal

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…

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Lloyd’s will support price-driven growth after Covid-19

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…

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Government confirms IR35 extension into private sector

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…

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Hancock’s departure is a blow to Lloyd’s

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…

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Lloyd’s 2020 stamp capacity grows 6% to £33bn

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…

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Insider Briefing – Lloyd’s Merger Watch

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…

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Lloyd’s 2020 premium growth to exceed 5% expected rate rise

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…

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Neal: ‘Rainmakers’ get no free pass on bad behaviour

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…

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IFRS 17 to be more costly than Solvency II

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…

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Lloyd’s market plunges to £2B loss on cat claims

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…

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IUA calls for PRA slack for EU branches after Brexit

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…

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Lloyd’s gender pay gap stands at 27.7%

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…

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Head of FP&A £150,000

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Business Intelligence Consultant £600-£700

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Firms buy insurance ‘in mad panic’ as cyber-attacks soar

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…

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Whopping 92% of insurers unprepared for IFRS 17

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…

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Munich Re CFO calls for delay to IFRS 17: report

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…

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P&C sector slides to $20bn US underwriting loss

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…

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GDPR brings huge ‘silent data risk’ for liability insurers

November 2017 Liability insurers are facing a huge increase in potentially silent exposures as a result of the increased litigation and compensation claims expected following implementation of the EU General … Find out more…

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Lloyd’s applies for Brexit hub licence

October 2017 Lloyd’s has filed an application with the Belgian regulator to form an insurance company that will allow it to continue to write European Economic Area business after Brexit … Find out more…

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Irma industry insured loss estimated at $25bn: KCC

September 2017 Hurricane Irma generated about $25bn in insured losses, including $18bn in the US and $7bn in the Caribbean, Karen Clark & Company estimated today. Included in the totals … Find out more…

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RI System Implementation Consultant £750

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Charles Taylor set to win delegated authority bid

August 2017  Charles Taylor InsureTech has emerged as the preferred partner in a project that will radically reshape the way cover holders pass data to London market carriers, The Insurance … Find out more…

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PRA reveals carrier worries on facilities

30th June 2017  The head of insurance supervision at UK regulator the Prudential Regulation Authority (PRA) has said the watchdog would probe deeper into the impact of facilities on carriers. … Find out more…

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General insurance: The wide-ranging implications of IFRS 17

13th June 2017  The new accounting standard for insurance contracts, IFRS 17, will have wide-ranging implications for (re)insurers, and many firms are preparing for significant changes to their business operations  … Find out more…

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EU watchdog warns against ‘letterbox entities’

6th June 2017 The EU securities and markets regulator has warned national watchdogs against companies hoping to set up thinly staffed “brass plaque” entities ahead of Brexit. In an advisory … Find out more…

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Hancock takes hard line on Lloyd’s market growth

5th June 2017 Lloyd’s performance management director Jon Hancock has said he expects the market to shrink for the next two years, as the Corporation takes a tough stance on … Find out more…

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AM Best shuns Solvency II model use in ratings

22 May 2017 AM Best has said it will not directly use Solvency II results in its rating assessments over concerns the regime does not provide an accurate picture of … Find out more…

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Finance Manager

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Innovative and successful insurance business looking for … Find out more…

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Senior Accountant

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Large City based Insurance Company requires a … Find out more…

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Assistant Financial Analyst

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External Reporting Accountant

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Job Description Job Purpose: Assisting with production … Find out more…

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UK insurers need more time for SII compliance: PRA

May 2015 Prudential Regulation Authority (PRA) CEO Andrew Bailey has said insurers in the UK require more time to comply fully with the new Solvency II capital rules, as the … Find out more…

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PRA warns of Solvency II work ahead

May 2015 The Prudential Regulation Authority (PRA) has warned that many UK insurance companies still have a “considerable amount of work” to do in preparation for the implementation of Solvency … Find out more…

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Insurance Technical Accountant

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. The primary responsibility of this role is … Find out more…

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Group Financial Controller

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Successful London Market Insurance Company requires a … Find out more…

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FP&A Manager

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Our client, a Lloyd’s Syndicate, are looking … Find out more…

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Corporate Accountant

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Our client, a Lloyd’s Syndicate, are looking … Find out more…

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Head of FP&A

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Successful London Market insurer with Lloyd’s syndicate … Find out more…

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FP&A Accountant – c. £65,000 pa

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Lloyd’s Syndicate looking for an FP&A Accountant to … Find out more…

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Financial Risk Analyst – Contract

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Hugely successful International insurance company and Lloyd’s … Find out more…

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Corporate / Financial Accountant

 This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Hugely successful Lloyd’s Syndicate / insurance company … Find out more…

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Actuarial Reserving Accountant – c. £70,000 pa

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Central Cost Accountant – c. £65,000

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Peoplesoft Finance Analyst

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. A well known City based Insurance Company … Find out more…

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Regulatory Accountant

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Hugely successful International Insurer requires a Qualified … Find out more…

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Syndicate Accountant

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Production of annual and quarterly syndicate regulatory … Find out more…

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Senior Internal Auditor

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Well regarded London Market insurer is looking … Find out more…

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Business Analyst

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Business Analyst contractor with knowledge of Lloyd’s … Find out more…

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Project Accountant – Contract

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Project Accountant contractor with knowledge of Lloyd’s … Find out more…

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Financial Reporting Accountant – c. £80,000 pa

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Regulatory Accountant – c. £80,000 pa

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Hugely successful International Insurer requires a Qualified … Find out more…

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Head of Forecasting and Planning – c. £120,000 pa

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Reinsurance Financial Controller – c. £110,000 pa

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Financial Controller – Shared Service – c. £120,000 pa

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Successful London Market Insurance Company requires a … Find out more…

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Senior Technical Accountant – c. £90,000 pa

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Large International Insurer requires a Qualified accountant … Find out more…

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Head of FP&A – c. £100,000 pa

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Major London market insurer/reinsurer looking to recruit … Find out more…

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Newly Qualified Accountant – c. £65,000 pa

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Our client, a US owned general insurance … Find out more…

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Reinsurance Financial Controller – c. £110,000 pa

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Group Accountant – c. £75,000 pa

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Financial Controller – c. £90,000 pa

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Syndicate Financial Controller – c. £95,000

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Syndicate Accountant – c. £80,000

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Regulatory Accountant – c. £90,000

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Major US Insurance Company require an ACCA/ACA/CIMA … Find out more…

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Senior Syndicate Regulatory Accountant – c. £75,000

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Insurance Technical Accountant – c. £80,000

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Hugely successful Lloyd’s of London insurance company … Find out more…

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Senior Accountant – c. £80,000

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Head of Risk Management and Solvency II Lead

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Group Reporting Analyst

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Accountant – Insurance

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Senior Insurance Audit Manager

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. My client is one of the biggest … Find out more…

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Regulatory Reporting / Systems Accountant

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Assistant Syndicate Accountant

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Senior Accountant

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Risk Manager

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Senior Audit Manager

  This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Currently working with a top ten … Find out more…

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Senior Ratings & Solvency II Accountant – London Market

  This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants.   This role sits within the … Find out more…

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