Lloyd’s
LMA appoints new members to CUO committee
Chaucer’s Nicola Stacey will chair the Lloyd’s underwriting committee, while Talbot’s Russell Bean has been appointed deputy chair
MS Amlin names Hobern chief actuary
Hobern will be responsible for all actuarial operations, including reserving and pricing, financial resilience and sustainable growth
PPL launches carrier response time benchmarking tool
New offering aims to use transactional data to help carriers identify where their service delivery could improve
Banyan Risk launches digital assets and emerging risks product
New offering includes directors’ and officers’ liability, professional liability and crime cover for businesses operating across emerging technology sectors
MNK International launches energy division
New division will target emerging and specialist markets across Africa, the Middle East, Europe, Asia and the Americas
LMA and IUA launch claims capability framework
New initiative is designed to support claims professionals during their first two years in the London market
The rise of the lead follower at Lloyd’s
Digitalisation is not just driving the bifurcation of lead-follow construct at Lloyd’s, it is also creating a new tier of leaders within the follow market
Santam syndicate continue build-out with senior Volante hires
Africa-based insurer hires Neil Smith to lead new motor division at Lloyd’s
LMA wording excludes Hormuz toll payments
Under the model wording, insurers will not cover fees, tolls or other payments made to facilitate passage through Iranian waters
Lloyd’s avoids payout after scrap dealer fails to declare multiple past cargo fires
Commercial Court’s ruling seen as go-to precedent for the interpretation of the duty of fair presentation under the Insurance Act 2015
Atrium appoints Baker head of specialty reinsurance
Lloyd's carrier hires Chaucer's global reinsurance head to lead specialty portfolio development
Neil’s conduct breached compliance rules, Lloyd’s investigation finds
Former chief executive’s behaviour ‘fell significantly below’ expected standards expected, long-awaited Council of Lloyd’s investigation finds
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