London market

Moves to push down London broker commissions highlights the options open to write reinsurance platforms in other markets.

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.

Matthew Wilson, Matthew Moore, Emma Woolley and David Croom-Johnson have stepped down from the board.

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.

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.

Lockton said the new program provides full access to London market capacity, estimated to be in excess of $850mn for custody coverage.

In a canvass of London market professionals, most placed their “gut feel” industry loss estimate for Hurricane Ian at $40bn-$50bn.

The latest statistics from the IUA show that the Lloyd’s market perhaps has not conceded as much ground as initially thought.

UK insurers have now paid out £1.2bn in final settlements for claims relating to pandemic closures.

The MGA received regulatory approval for its new London and Dublin companies.

The InsurTech has launched in the UK after previously setting up shop in France, Germany and the Netherlands.

London Market Group chair Matthew Moore has set out the aims of a campaign to pro-actively engage with universities and schools to broaden the industry’s talent pool for recruitment.