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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

United Kingdom Broker

FCA to launch ‘supercharged sandbox’ using Nvidia tech

Platform will host early-stage AI projects using Nvidia hardware and software

United Kingdom Regulation

FCA confirms rules do not apply to overseas broking

London & International Insurance Brokers’ Association chief executive, Christopher Croft, welcomes ‘clarity’ regarding the regulator’s remit

United Kingdom Lloyds

Gallagher taps Marsh for UK retail CEO

Harris was previously chief executive of the Pacific region for Marsh

United Kingdom Ireland

Legal Focus: UK government thinking ahead on autonomous driving

The Automated Vehicles Bill represents a significant step towards establishing a legal framework that clarifies the responsibilities and liabilities associated with autonomous vehicles

United Kingdom Casualty

Stockwatch: Beazley shares up 12% in strong week for insurance equities

Insurance Day’s selected stocks climb 3.2% on average this week, with all but two gaining in value

Europe United Kingdom

D&O insurers grapple with ESG pressures

ESG policies can generate lawsuits against companies and their directors where they are too weak, overpromise or annoy conservatives. The US is at the forefront of this wave, but other jurisdictions are catching up

International Europe

PRA raises threshold for Solvency II

Solvency II will apply to firms with £25m gross written premiums, up from £15m in previous iterations

United Kingdom Regulation

Legal Focus: Resolving client money issues in M&A deals

Client money issues arise in at least three-quarters of mergers and acquisitions transactions involving insurance intermediaries

United Kingdom Legal focus

Amphitrite receives FCA authorisation

Chief executive hails 'pivotal moment' for marine specialist MGA

United Kingdom Specialty

Extinction Rebellion launches week-long campaign targeting insurers

Civil disobedience group gears up for ‘Insurance Mayhem’ as it plans to target ‘Achilles heel of the fossil fuel industry’

United Kingdom Climate change

Legal Focus: Court of Appeal crystal clear on assignment to insurers

Decision should allay insurers’ concerns as to the effect of prohibitions against assignment or transfer to a transfer of rights to an insurer

United Kingdom Legal focus
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