Analysis: Neal’s Lime Street revolution exposes Lloyd’s capital conundrum
The revelation that Lloyd’s is being accused of “bad faith” in the High Court by a high profile Name has shone a light on this determined-but-small community of private investors who may prove a challenge to CEO John Neal’s plans to overhaul some of the market’s complicated structures.
LMG appoints Brady as delegated authority platform sponsor
The London Market Group has announced that Lloyd’s head of policyholder and third-party oversight, Paul Brady, will assume the role of market sponsor for the delegated authority efficiency drive at Lloyd’s.
Wickshire becomes first Australian Lloyd’s broker
Sydney-based reinsurance and binder broker, Wickshire Pty Ltd, has been approved as a Lloyd’s of London broker, making it the first intermediary based in Australia to achieve this status.
Lloyd’s sued for “bad faith” by high profile investor Harry Parshall
The Society of Lloyd’s is being sued by the high-profile London market figure Harry Parshall in a dispute which may test the boundaries of Lloyd’s liability to its members.
Markel leads Q2 e-placement table as Lloyd’s exceeds target
Markel Syndicate 3000 has flown to the top of the second quarter league table of Lloyd’s adopters of PPL – the e-placing platform that was rolled out in the London subscription market 18 months ago – after ranking 42nd in Q1.
Lloyd’s selects third insurtech cohort
Lloyd’s of London has named the 11 insurtech ‘disruptors’ that will join the Lloyd’s Lab for a ten-week programme on 2 September, as part of the Future at Lloyd’s plan.
LMG appoints Brady as delegated authority platform sponsor
The London Market Group has announced that Lloyd’s head of policyholder and third-party oversight, Paul Brady, will assume the role of market sponsor for the delegated authority efficiency drive at Lloyd’s.
Moffatt replaces Eccles as ArgoGlobal active underwriter
ArgoGlobal, the Lloyd’s arm of Argo Group, has named John Moffatt the active underwriter of Syndicate 1200 as predecessor Steve Eccles “will commence leave” with immediate effect, after a year and a half in the role.
AFL take UIB duo for property and energy business
Independent Lloyd’s broker AFL Insurance Brokers has named Mark Ritson and Peter Draper as directors of international property and energy.
Arcus confirms RenRe’s Shepherd as active underwriter
Credit Suisse’s Arcus Syndicate 1856 has named former RenRe London-based property underwriter Alex Shepherd as active underwriter, a move first revealed by The Insurer earlier this year.
Lloyd’s names Jennifer Rigby chief operating officer
Lloyd’s has named Jennifer Rigby its chief operations officer (COO).