London Market
News and analysis on Lloyd's and the London company market
Real fitness starts with core strength: Nexus’s Rouse
In his first interview since becoming Nexus Underwriting’s chief executive, Stuart Rouse describes the vital features of a healthy managing general agent
Ardonagh completes $2.5bn investment deal
Stone Point becomes 'significant' shareholder following deal that values UK-based broking and distribution group at $14bn
Emerging risks associated with weight loss drugs
Insurers and legal professionals must work hand in hand with healthcare providers and regulators to build a consensus around safe usage, fair liability allocation and effective risk mitigation
European insurance stocks gain 16% in H1
Aviva and Talanx are the top-performing stocks to date, with Axa, Fairfax and SiriusPoint also posting good gains, but Lancashire has struggled
The UK government’s fraud reduction strategy has implications for insurers
The Public Authorities (Fraud Error and Recoveries) Bill seeks to modernise the government’s approach to fraud investigation and recovery though a series of new powers
M&S and Co-op cyber attacks could cost up to £440m: CMC
Cyber Monitoring Centre classifies attacks as a category 2 systemic event, in first live assessment
UK regulators underscore moment of reckoning for AI
The insurance value chain is being redefined by AI and it is becoming integral to how insurers operate and compete
AI use in the courts brings its own risks
Recent cases highlight the risks of using AI as a source when it comes to court cases
Pen Underwriting names Lawson head of digital e-trade
Executive will be responsible for managing and coordinating digital growth initiatives across MGA’s multi-class, multi-territory underwriting and distribution operations
PRA will be ‘mostly hands-off’ on innovation
Regulator favours ‘flexible approach’ but will tighten reins where necessary, senior official says
Allergen risks are fast becoming a frontline issue for insurers of hospitality operators
Allergic disease is the most common chronic condition in Europe, with four in 10 British adults now suffering from at least one allergy. With allergy rates surging and the UK among the worst affected, litigation risks are rising sharply
Lords committee calls for easing of regulatory burden
Insurance industry backs report’s findings and recommendations
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