UK Regulator’s Broker Probe May Make London Market More Competitive: Fitch November 16, 2017 The UK Financial Conduct Authority’s review of the wholesale insurance broker market could help counter the trend of rising expenses...
London Market’s Placing Platform, PPL, Adds P/C Lines to Growing Roster of Risks November 6, 2017 PPL, the London market’s electronic placing platform, announced that property/casualty risks now can be bound on the platform. The PPL...
Hiscox Names Markham as CEO for London Market Business October 11, 2017 Specialist global insurer Hiscox announced the appointment of Kate Markham as CEO for its London Market business, subject to regulatory...
Blockchain Industry Initiative, B3i, Expands with 23 New Broker, Re/Insurer Entrants October 2, 2017 The Blockchain Insurance Industry Initiative B3i announced it has expanded with 23 new brokers and re/insurers entrants, which will help...
Top Challenges for London’s Re/Insurers Are Soft Market, Brexit, Regulations: IUA September 28, 2017 The top three challenges facing London market companies are the soft market, Brexit and regulatory compliance, according to a survey...
UK Financial Services Sector Seeking ‘Ambitious’ Brexit Trade Agreement August 24, 2017 By Huw Jones and Andrew MacAskill The UK’s financial sector is seeking an “ambitious” trade pact between Britain and the European Union to try to prevent...
London Market Launches Data Capture Service Designed to Cut Data Re-Keying August 8, 2017 By L.S. Howard The London Market Group (LMG) announced that one of the core solutions for improving the London market’s efficiency, called structured...
Castel Specialty Launches Global Construction Business July 21, 2017 Castel Specialty, a division of Castel Underwriting Agencies Ltd., has expanded its portfolio with the launch of Castel Construction. London-based...
Soft Rates Begin to Hit Results – But Pain Continues at Mid-Year Renewals: Willis Re July 11, 2017 Despite the deterioration many reinsurers saw in the first quarter, mid-year renewals continued their downward pricing trajectory, according to Willis...
AXIS Capital to Acquire Lloyd’s Specialty Re/Insurer Novae for $604 Million July 6, 2017 AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty re/insurer that operates through Lloyd’s of London....