Tag Archives: insurance insider

PRA and FCA launch consultation to boost D&I in financial services

Posted on 26/09/2023 by Roland Mill

25 September 2023 The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have launched a consultation proposing measures to boost diversity and inclusion to support healthy work cultures, … Find out more…

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Lloyd’s Neal: One-third of 2021 business plans ‘unrealistic’

Posted on 14/09/2020 by Hatty

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…

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Hancock’s departure is a blow to Lloyd’s

Posted on 15/01/2020 by Hatty

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

Posted on 16/12/2019 by Hatty

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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Lloyd’s: Syndicates must earn the right to grow

Posted on 06/12/2019 by Hatty

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…

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No real progress’ made on 2020 expenses: Lloyd’s

Posted on 06/12/2019 by Hatty

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…

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

Posted on 03/12/2019 by Hatty

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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Scale at Lloyd’s isn’t everything

Posted on 27/11/2019 by Hatty

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…

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

Posted on 22/11/2019 by Hatty

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

Posted on 26/03/2018 by Hatty

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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Munich Re CFO calls for delay to IFRS 17: report

Posted on 05/12/2017 by Hatty

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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