London Market Group

LMG adds Howden Specialty CEO to board as Liiba representative

The London Market Group has added Sarah Hughes to its board as a representative of the London & International Insurance Brokers Association.

McGovern: UK government lacks “natural” advocate for London market

London Market Group chair Sean McGovern has warned that the lack of a “natural advocate” for the sector within the UK government represents a “missing piece of the jigsaw” amid the ongoing drive to improve the market’s competitiveness.

“My mum told me not to work in insurance”

Encouraging more young people into the insurance industry will be critical if the sector is to meet its talent challenge.

LMG appoints LSM’s Warren and HDI’s McDonald to board

The London Market Group* has appointed Liberty Specialty Markets’ Jane Warren and HDI Global SE’s Claire McDonald to its board.

LMG Data Council forms Vukorep-chaired Core Data Record committee

The London Market Group’s Data Council has unveiled a Core Data Record committee, chaired by Lloyd’s chief data officer Cassandra Vukorep.

LMG welcomes UK government’s regulatory performance metrics

The London Market Group has said the UK government's new performance metrics for the Financial Conduct Authority and Prudential Regulation Authority will ensure the recent Financial Services and Markets Act delivers.

LMG launches apprenticeship programme to shift London market demographic

The London Market Group has launched the Apprenticeship Discovery programme with the backing of 30 London market firms to promote specialty insurance as a career option.

LMG: London market to become global hub for green infrastructure and technologies

As the need to accelerate the net-zero transition deepens, 90 percent of London market participants are planning to introduce new insurance products designed to enable the growth of green projects in the next 12 months, according to a new report by the London Market Group.

LMG takes steps with UK govt to discuss captive regime

The London Market Group (LMG) has today convened a roundtable with city minister Andrew Griffith to discuss the benefits of introducing a UK captive insurance regime, under the group’s updated five-point plan.

Data Council outlines final recommendations following PRR market consultation

The London Market Group’s Data Council has published its final recommendations for process, roles and responsibilities around digital open market placement for direct insurance and facultative reinsurance.

The Future’s here, the future is London

As the market heads off for the summer break, it can do so happy that it has moved the needle on what has been a decades long talent debate.

LMG launches inaugural Futures Academy

Today marks the launch of the London Market Group’s Futures Academy programme, which will see up to 50 London market firms provide a fortnight of industry work experience for over 100 Year 12 students.

UK gov consults on how to hold PRA and FCA to account over new competitiveness objective

The UK government is calling for views on how it should hold its financial regulators to account on their new objective to promote the City’s global competitiveness, a move hailed by the London (re)insurance market as a “significant” step in ensuring greater accountability of the watchdogs.

McGovern: No benefit to UK being “first mover” on OECD tax

London Market Group chair Sean McGovern has warned there is “no benefit to being the first mover” in implementing the OECD’s global minimum tax rate as the regime can only work if “all major jurisdictions” adopt the approach at a similar time.

Data Council names Gallagher’s Williams-Walker as technical group chair

The London Market Group’s (LMG) Data Council has appointed Nick Williams-Walker as chair of its technical group, succeeding Jonathan Prinn who will remain a member of the Council.

LMG kickstarts drive to encourage young talent into insurance sector

The London Market Group (LMG) has kickstarted a drive to make the industry more attractive to young people having held its first careers events for university students in Manchester and Nottingham this week.

Industry welcomes UK govt plans to launch competitiveness objective for regulators

Prominent London market bodies have given their backing to government plans to shake up UK financial services regulation, which will see the introduction of a competitiveness objective for the City’s regulators.

LMG’s Data Council confirms Q1 2023 implementation for market reform contract

The London Market Group (LMG)’s Data Council has confirmed that the intelligent market reform contract (MRC v3) will be released at the end of the first quarter of 2023, at the same time as the updated core data record (CDR v3.2).

LMG confirms Axa XL’s McGovern as new chair

The London Market Group (LMG) has confirmed the appointment of Axa XL’s UK and Lloyd’s CEO Sean McGovern as its next chair, a move first revealed by The Insurer.

LMG to unveil Axa XL’s McGovern as new chair

Axa XL’s UK and Lloyd’s CEO Sean McGovern will become the next chairman of influential London market trade body the London Market Group (LMG), The Insurer can reveal.

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