Tag Archives: Lloyd’s market

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

Posted on 08/10/2020 by Hatty

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…

Posted in Uncategorized | Tagged , , , , , , , , | Comments Off

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…

Posted in Uncategorized | Tagged , , , , , , , , , | Comments Off

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…

Posted in Uncategorized | Tagged , , , , , , , , , , , | Comments Off

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…

Posted in Uncategorized | Tagged , , , , , , , , , | Comments Off

Insider Briefing – Lloyd’s Merger Watch

Posted on 09/12/2019 by Hatty

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…

Posted in Uncategorized | Tagged , , , , , , | Comments Off

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…

Posted in Uncategorized | Tagged , , , , , , | Comments Off

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…

Posted in Uncategorized | Tagged , , , , , , | Comments Off

Is losing your contractors worth it for the long-term?

Posted on 05/12/2019 by Hatty

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…

Posted in Uncategorized | Tagged , , , , , , | Comments Off

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…

Posted in Uncategorized | Tagged , , , , , | Comments Off

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…

Posted in Uncategorized | Tagged , , , , , , , | Comments Off

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…

Posted in Uncategorized | Tagged , , , , , , , , , , | Comments Off