Bruce Carnegie-Brown formally has officially assumed his position as chairman of Lloyd’s, following the retirement of John Nelson. “I am very excited to get started. In the months since my appointment was announced, I have been meeting with people in …
Reinsurers, forced to cut prices for four years in a row, should target brokers’ fees as the industry seeks to reduce costs, according to Lloyd’s of London Chairman John Nelson. The brokers need to cut profit margins as the industry …
Lloyd’s announced it intends to file an application to open a reinsurance branch in Mumbai, following the publication of regulations governing the Lloyd’s market earlier this week by the Insurance Regulatory and Development Authority of India (IRDAI). An onshore branch …
“Climate change is real and we need to factor it into all future catastrophe modelling” – that’s the conclusion of a new report published today by Lloyd’s. The report: ‘Catastrophe Modelling and Climate Change’, states that “with the existence of …
