London market

The executive said that work was underway to make sure the energy transition is “led by Lloyd’s”.

Political violence and terrorism will also be a focus class for the Corporation, amidst geopolitical turmoil.

Growth opportunities at Lloyd’s no longer limited to top underwriting performers, Insurance Insider’s survey shows.

Growth slows from last year’s 20%, while QBE and TMK close the gap on Brit and Beazley.

In addition to the need for new products when insuring the transition, panelists highlighted the need to innovate and adapt.

London’s insurance market is booming in some ways yet still has multiple challenges to address.

Lloyd’s has been trying to simplify its story for external investors, but it has more work to do judging by the outcome of the London SPAC vehicle which was planning a new syndicate investment launch.

The number of female CEOs, CUOs, CFOs, MDs or board members has hardly changed in the past 12 months.

Axa’s Sean McGovern was also elected as a corporate external member of the Council after running unopposed.

The fine relates to a breach that took place in 2017, where hackers were able to access the data of 13.8 million UK consumers.

The three new capital vehicles fundraising for a Lloyd’s play, coupled with some of the best underwriting conditions seen for years, have raised the prospect of a new age of investment in the market – but questions remain around execution.

The appointment follows the recent hire of Pascal Carrer as head of casualty in Switzerland, and David Corrigan as head of property.