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The sudden move points the way to a Lloyd's consolidation war and Q4 reserve charges.
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LMA and Lloyd’s say the exercise will begin around March or April this year. -
The Insurance Insider looks back to some of the standout pieces of the last 12 months.
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Victor US managing director Jill Frances will be active underwriter at the Asta-managed syndicate.
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The Corporation avoids an increase in market levies to pay for the transformation programme.
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Headline numbers aside, the Lloyd’s market presentation paints a telling picture on market expectations, execution and reserving.
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The Lloyd’s CEO is concerned that some market participants ‘still don’t get’ diversity and inclusion.
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UK insurance brokers have less than a month before they are caught by the SM&CR conduct and governance rules, and despite the long lead-in they look certain to catch some intermediaries unawares.
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The Corporation said it would lobby regulators and tax authorities to deliver an effective structure.
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The Corporation introduces an initiative including 24-hour advice line for market staff.
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Lloyd’s has announced it will clamp down on silent cyber in the new year.
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The focus is now turning to broker submissions, with a mandate coming in for Q4.
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