Lloyd’s has said it plans to mandate the collection of ethnicity data as part of a move to drive up the representation of ethnic minorities across the market.
Lloyd’s insurer Dale Underwriting Partners has been granted in-principle approval by the Corporation to form its own managing agency.
Former Hampden employee Gregory White has accepted a charge of discreditable conduct from the Lloyd’s Enforcement Board and been fined £96,019.18 for his involvement in the facilitation of loans between members of the Society who were clients of his then employer.
Although climate change poses unprecedented systemic risk, it also presents the single biggest opportunity the (re)insurance industry has ever seen, according to Lloyd’s CEO John Neal.
Lloyd’s, Axa, Aon and Zurich have joined a programme designed to help professionals return to the insurance industry following a career break, as it launches the second intake after exceeding the pilot programme’s targets by 50 percent.
QBE 386, a leading international liability syndicate managed by the Australian insurance group, is experiencing adverse deterioration on back years, which has impacted its 2019 open year of account (YoA).
Lloyd’s has reported an H1 underwriting profit of £1.0bn ($1.4bn) with casualty the only class to produce a loss during the six-month period.
Canopius founder Michael Watson is to step down from the Lloyd’s Council in February 2022 after serving the maximum nine consecutive years as a member.
Lloyd’s has parted ways with its head of market development Caroline Dunn, who is leaving the Corporation to become chief underwriting officer for the UK at Zurich.