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In last year’s survey, only second-quartile syndicates reported aggregate year-on-year growth of more than 10%. -
Speakers at the London Market Conference clashed over the role of data in innovation.
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Panellists at the London Market Conference called on the industry to work together to improve recruitment, the experience of staff, and its own image.
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The market share for the storm of 3%-5% is below syndicates’ historical average for US wind events.
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Moves to push down London broker commissions highlights the options open to write reinsurance platforms in other markets.
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As a result of the retirements of Nick Ford and Julian Leigh, SA Meacock & Company plans to tender capacity on its Syndicate 727 in the Lloyd’s capacity auctions.
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Matthew Wilson, Matthew Moore, Emma Woolley and David Croom-Johnson have stepped down from the board.
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The opportunity to set in statute meaningful powers and metrics to hold financial regulators accountable will reach a tipping point in the coming weeks, as the Financial Services and Markets Bill progresses through the next parliamentary stages.
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In the last two days of a consultation on the new iMRC template, the volume of responses surged by more than 2,500, leading to a revised timeline for its launch.
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Lockton said the new program provides full access to London market capacity, estimated to be in excess of $850mn for custody coverage.
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In a canvass of London market professionals, most placed their “gut feel” industry loss estimate for Hurricane Ian at $40bn-$50bn.
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The latest statistics from the IUA show that the Lloyd’s market perhaps has not conceded as much ground as initially thought.
