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Lloyd’s in good shape, but market ‘can’t rely on rate alone’: Tiernan
Patrick Tiernan was addressing 400+ delegates at the London Market Conference.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said. -
T&Cs, as well as exclusions, remain largely unchanged, the executive said.
Latest News
Latest news
A roundup of all the news you need, including Patrick Tiernan’s LMC conference speech.
The carrier now expects to deliver full-year operating profit of ~£2.2bn.
P&C GWP grew by 7.1% to EUR26.8bn over the period.
The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
Opinion
Featured and most read
Featured and most read
Featured
Four trends highlighted in Q3 earnings
Property growth plans are cooling, but favourable loss trends will increase surplus capacity.
Most read
Analysis
Analysis
From top-line challenges to finding new ways to scale, 2025 has been a year of market shifts.
Industry-wide initiatives continue to target expanded youth access to the sector.
Lack of major cat events could add further pressure on 1 January pricing.
Insight into the state of the insurance M&A market, powered by Insurance Insider’s comprehensive deal database.
Interviews
Interviews
The UK-based insurer’s Florida Re secured state regulatory approval in June.
T&Cs, as well as exclusions, remain largely unchanged, the executive said.
The CEO said smart-follow is a structural evolution of the specialty market.
Regulators do too little to distinguish between generalists and specialists, he said.
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Get the inside scoop on the major stories shaping the London market through discussions with the journalists who broke them. Plus, hear from industry professionals on what these developments mean for the (re)insurance sector.
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In Partnership With
AXIS
Tools including raising deductibles and attachment points can help manage inflation challenges, says Jay Hamilton, head of A&H for AXIS
In Partnership with
FurtherAI
AI has shifted from a theoretical discussion to having a real impact across the entire insurance value chain, said Aman Gour, Founder and CEO, FurtherAI.
In Partnership with
Allianz
Use of technology is likely to separate the “leaders from the laggers” in the MGA/program business space, said Shanil Williams, CEO, Allianz Commercial, Americas.
In Partnership with
Arch
Property remains both a challenge and an opportunity for insurers, said Brian Farrell, SVP Program Management Lead, P and C Programs, Arch.
In Partnership with
Falvey Insurance Group
MGAs need to remain focused to succeed, said Emmy Falvey, Senior Vice President, Head of Capacity, Falvey Insurance Group.
In Partnership with
Swiss Re
The global construction industry continues to expand, says Jimmy Keime, Head of Engineering and Nuclear, for Swiss Re.
MultiStrat, the founder of casualty ILS, is focusing on committed capital to grow, said Bob Forness, CEO, MultiStrat.
In Partnership with
Swiss Re
Ahead of the upcoming Baden-Baden Reinsurance Meeting, top of mind for many are climate, economy and geopolitics, says Nikhil da Victoria Lobo, Head of P and C Reinsurance for Western and Southern Europe and Middle East and Africa for Swiss Re.
In Partnership With
M&A Services
The explosive growth of the E&S market, coupled with higher seller valuations, is driving a steady stream of carrier M&A activity, said Jason Murgio, Principal & CEO and Paul Procops, Vice President, of boutique insurance investment bank Merger & Acquisition Services.
In Partnership with
Allianz
“That’s what we live for,” said Darren Tasker, Head of Construction, North America, Allianz Commercial, emphasizing the deep expertise needed to navigate multi-billion-dollar data center construction projects and deliver tailored, comprehensive insurance coverage.
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In Partnership with Moody's
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