London Market
News and analysis on Lloyd's and the London company market
BP Marsh full-year NAV surges 42% to £326m
Insurance-focused investment firm reports pre-tax profit more than doubled to £104.7m for the last financial year
FCA to launch ‘supercharged sandbox’ using Nvidia tech
Platform will host early-stage AI projects using Nvidia hardware and software
Supreme Court hands down landmark ruling on building remediation costs
Developers can now pursue negligent designers and contractors for legacy defect claims
Rokstone launches international casualty division
Launch marks the latest step in the expansion of MGA’s global casualty portfolio
NorthStandard sees $96m underwriting deficit following ‘unsettling’ policy year
Political instability and major casualties are marine mutual's ‘first test’ since merger
Insurers must balance risk and reward from ‘silent AI’ and policy wordings
Insurers will need to innovate to take advantage of AI technology and control exposures within existing policies or new standalone products
Solong named first International Group pool casualty of new policy year
The boxship hit Stena-owned tanker in North Sea in March
West of England blames pool scheme for COR overshoot
Marine mutual makes underwriting loss for past financial year as combined ratio rises to 104%
Rugby league concussion class action takes hold
Sports sector insurers on notice as former rugby league players’ class action joins rugby union and football in commencing legal proceeding against sports’ governing bodies
Industry bodies welcome FCA proposals to ease insurance rules
Regulator proposes to cut-back outdated or duplicated rules in order to promote growth
Rokstone adds to UK and Ireland casualty unit
Aventum Group-owned managing general agent expands new division with further senior Convex underwriting hire
Rokstone launches UK and Ireland casualty division
New division will cover employers’ liability, public liability, contractors’ all-risk and property insurance
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