LMA and IUA launch career simulations to address talent challengeThe Lloyd’s Market Association and the International Underwriting Association have launched two online job simulations to improve the visibility of career opportunities in the insurance sector.
Aegis London leads $25mn Lloyd’s consortium to insure mine rescue operationsLloyd’s insurer Aegis London has launched a $25mn mine rescue insurance consortium, with participation from Brit, IQUW, Hampden and Abbot.
Nardac: Offshore renewables to remain buyers’ market unless claim burden intensifiesLondon underwriting capacity for offshore renewable energy and infrastructure projects has been forced into competing on price, with premiums expected to remain low over the next 2 to 3 years, according to Nardac Insurance Services.
Axis names Flitman London ceded re headAxis Capital has promoted Sam Flitman to London head of ceded reinsurance.
Arch Insurance promotes Brooks to global fine art and specie headArch Insurance International has promoted Peter Brooks to global head of fine art and specie.
Latest Blueprint Two delay follows audit that revealed only 70% of coding is completeAlmost a third of the initial coding has yet to be delivered for phase one of the repeatedly delayed Blueprint Two Lloyd’s modernisation programme, The Insurer understands.
Blueprint Two phase one tech build completion pushed back to Q1Completion of the crucial technology build for phase one of Lloyd’s ambitious Blueprint Two modernisation programme has been pushed back to an unspecified date in the first quarter of next year.
PV and war-focused Applied Crisis Underwriters set for December launchApplied Underwriters is set to launch Applied Crisis Underwriters, a London-based specialty unit led by former Westfield Specialty executive Henry Gillingham as president.
FCA’s Reynolds recognises “trade off” in flexibility of consumer duty rulesThe Financial Conduct Authority’s director of competition Graeme Reynolds has called on UK insurers to view the new consumer duty as a cultural change rather than a compliance exercise, while acknowledging that flexibility in the rules can lead to confusion.
DAE, Axa clinch deal as UK battle over jets 'lost' in Russia kicks off2 October (Reuters) by Kirstin Ridley and Sam Tobin – Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer Axa over jets retained in Russia since the 2022 invasion of Ukraine, raising the prospect of further deals as a London High Court "mega trial" kicked off.
Cyber Monitoring Centre partners with Parametrix on cloud outage riskThe UK’s Cyber Monitoring Centre (CMC) has partnered with cyber modelling firm and parametric-focused MGA Parametrix Analytics to investigate the impact of cloud outages on UK organisations.
Pairing the talent shortage and the skills gap: CII panelInsurers have been warned the current talent dynamic is not sustainable in the long-term, with half of the London market workforce now aged 40 or over.
Chaucer appoints Chekanava as senior innovation underwriterChaucer has appointed Lloyd’s Iryna Chekanava as a senior innovation underwriter.
Acrisure Re adds Sharpe to lead London specialty reinsurance teamAcrisure Re has hired Pete Sharpe to lead its London-based specialty reinsurance team.
LMA adds Duncan Dale and Sarah Stanford to boardThe Lloyd’s Market Association (LMA) has added Sarah Stanford, CEO of Aspen UK, and Duncan Dale, CEO of Dale Underwriting Partners, to its board.
LMA adds Duncan Dale and Sarah Stanford to boardThe Lloyd’s Market Association has added Sarah Stanford, CEO of Aspen UK, and Duncan Dale, CEO of Dale Underwriting Partners, to its board.
Canopius puts space portfolio into run-offCanopius has ceased writing new space business and has placed the portfolio into run-off.
Postcard from Dive In 2024With this year’s Dive In Festival attracting participants across a record 48 countries over more than 130 sessions, the three-day event has continuously highlighted that inclusion is a business imperative which requires focus and commitment all year round.
Helios posts £10.8mn underwriting result for H1 2024Helios Underwriting has revealed it plans to strategically reduce new syndicate participations for 2025 to better navigate the underwriting cycle.
Industry welcomes PRA plans to speed up Lloyd’s authorisations and cat bond approvalsThe UK’s Prudential Regulation Authority has today announced a raft of upcoming proposals for its oversight of the insurance sector, including reforms to the insurance special purpose vehicle regime and its oversight of Lloyd’s managing agents.