London market
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As London market carriers encourage parental leave take-up, Insurance Insider explores whether the HR benefit can be a tool to tackle the industry’s diversity issue. -
The executive has worked for the company in London, New York and Dublin.
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Arguably the Corporation could find more creative ways to promote its ESG targets, but the reality is that the showy protests are of less relevance than winning boardroom votes.
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While aggregate premiums grew by 1.5x between 2012 and 2021, annual expenditure at Lloyd’s on salaries and other employment costs has doubled.
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The regulator has criticised London market brokers and MGAs on four key areas, warning them that they have a “long way to go” on diversity.
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The Financial Conduct Authority is facing a perfect storm of a backlog of approvals, striking staff and an urgent need to transform operations.
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Davies has more than 30 years of experience in financial services and has held several senior insurance industry roles over his career.
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The ratings agency said the run-off sector is set to remain highly competitive over the coming years.
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Andrew Pecover will run underwriting operations across Lloyd’s and company markets, reporting to CEO Carl Overy.
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Ian Summers has resigned as CEO of Verisk Specialty Business Solutions, which was rebranded from Sequel, after more than seven years at the company.
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Lloyd’s CEO John Neal has returned to work after he was hospitalised in March following a cycling incident.
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The Corporation will hold crucial sessions with brokers next month to set out how brokers will integrate with digital solutions.
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