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London Market

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

 

UK Court of Appeal upholds ‘pay first’ clause in marine liability policy

‘Pay first’ remains an enforceable, market‑standard qualification to indemnity in marine liability policies

United Kingdom Specialty

Insurance stocks rise 3.6% led by Hiscox and Axis

Aviva and Talanx are the year’s top-performing insurance stocks, with Marsh McLennan and Everest the worst performers

Europe United Kingdom

Gallagher UK CEO named Biba deputy chair

Michael Rea succeeds Aon’s Jane Keilty as deputy chair of broker trade body

United Kingdom Broker

Insurers warned of cost consequence of alleging and failing in fraud allegations

Recent case highlights real risk for insurers of having to pay a penalty when alleging fraud incorrectly

United Kingdom Legal focus

Pool Re’s Paul receives peerage

Appointment recognises Paul’s contribution to terrorism insurance and public service

United Kingdom Terrorism

FCA urged to keep bullying guidance ‘under review’

Lloyd’s Market Association says non-financial conduct guidance must be monitored ‘to ensure it delivers the right outcomes’

United Kingdom Regulation

Least-worst outcomes as good as it gets with emergency responses: Sosrep

Wide variance in how countries handle marine casualties

United Kingdom International

Time to shake up the senior managers regime

The UK government and regulators have set out long-awaited proposals to reform the Senior Managers and Certification Regime

United Kingdom Legal focus

AIG and Allianz lead positive week for insurance stocks

Munich Re shares climb on December 11 following publication of ambitious five-year strategy 

Europe United Kingdom

UK ransomware payment ban could ‘significantly shift’ cyber market

Underwriters will need to assess how their exposure changes if payment is no longer a recovery option, legal experts say

United Kingdom Cyber

Insurers must do due diligence before writing solicitors’ PI cover

Law firms that undertake volume claims litigation present risks for their professional indemnity insurers

United Kingdom Legal focus

Getting insurance values right for manufacturing and infrastructure assets

In manufacturing and infrastructure, the question of what counts as a building is less straightforward than it seems – and is fundamental to effective risk management

United Kingdom Property
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