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London Market

News and analysis on Lloyd's and the London company market

 

Lloyd's stocks lead post-Milton rebound

Re/insurance stocks rise after Hurricane Milton insured losses expected to be lower than initially feared, but CEO resignation hits Arch Capital share price

Europe United Kingdom

Regulators tighten focus on non-financial misconduct

The financial services sector is under growing scrutiny for non-financial misconduct, as regulators and legislators seek to address behaviours that damage workplace culture and undermine the sector’s integrity

United States United Kingdom

Pen Underwriting relaunches cyber insurance for large corporates

New offering includes £10m in primary cover while excess-of-loss limits have been doubled to £15m

United Kingdom Cyber

Lancashire tumbles as Milton fears hit re/insurance stocks

London-listed Lancashire Holdings fell nearly 7% this week, with Lloyd's, Bermudian and other North American sub-groups hit by sell-offs ahead of Hurricane Milton's landfall

Europe United Kingdom

How insurers can minimise the impact of catastrophic injury claims

Early communication and solid claims handling can reduce overall costs of major injury claims

United Kingdom Casualty

Bermuda stocks outperform in poor week for insurance shares

RenaissanceRe and Everest Group are week's top-performing stocks as insurance shares lose 0.6% on average 

Europe United Kingdom

Bank of England launches financial sector stress test

Simex 24 simulates ‘major infrastructure failure’ and follows earlier tests in 2018 and 2022

United Kingdom Regulation

Aviation insurers face off against aircraft lessors in multibillion-dollar 'mega-trial'

Insurers including AIG, Chubb and Lloyd’s are in court over claims brought by some of the world’s largest aviation lessors relating to aircraft stranded in Russia. The stakes are high and the outcome could have seismic implications for the aviation insurance market

United Kingdom Lloyds

Half of UK businesses look to increase cyber cover after CrowdStrike

The outage changed perceptions of cyber risks among businesses, QBE survey finds

United Kingdom Specialty

UK ILS reforms are good start but not game-changing

UK issuers would like faster approvals, but rival jurisdictions have big advantages, experts say

United Kingdom Regulation

New terrorism security legislation will increase demand for insurance

The Terrorism (Protection of Premises) Bill is likely to encourage take-up of terrorism and public liability covers

United Kingdom Property

Helene weighs on insurance stocks but Scor enjoys bounce

Scor and SiriusPoint are week's top performers, as Hurricane Helene worries dampen Lloyd’s, Bermudian other North American sub-groups

Europe United Kingdom
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