Lloyd’s

The business will deliver legacy portfolio transactions for other Lloyd’s syndicates and be managed by Capita.

The LMA is pushing for underwriters to be in the office on Tuesdays, Wednesdays and Thursdays as a minimum, as the ‘work from home’ order has now been lifted.

Syndicate 3456 is the second Lloyd’s launch announced this year, following MIC Global last week.

With an abundance of detail on delivery, the Corporation can now be held to account.

Plus booming broker growth; GRP, Covea UK and James River sales; and all the top news of the week.

The motivation behind the decision reflects members’ belief in the value of face-to-face trading and, in particular, the value of the Underwriting Room.

Discussing tomorrow’s publication of the Blueprint Two interactive guide, the Lloyd’s CEO said market reforms will slash servicing costs by 40%.

Chris Croft and Caroline Wagstaff will help to assess the UK sector’s competitiveness.

Digitisation and a possible lesser future for the underwriting room add pressure for a stratum of the market already facing headwinds.

Samphire Risk is being incubated by Davies, which has supported the launch and hosting of more than 40 MGAs.

Insurers need to recognise their role in the race to net-zero, preparing for future political, environmental and economic impacts on climate change in the process, the Corporation said.

After Jen Rigby leaves on Friday, CFO Burkhard Keese will take on a wider remit for operations as COO.