
London Market
News and analysis on Lloyd's and the London company market

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

Gallagher taps Marsh for UK retail CEO
Harris was previously chief executive of the Pacific region for Marsh

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

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

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

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

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

Amphitrite receives FCA authorisation
Chief executive hails 'pivotal moment' for marine specialist MGA

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’

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

Viewpoint: Farm diversification is an evolving risk for agricultural insurers
Farm diversification creates new risks that must be carefully managed, so the insurance industry must adapt and coverage that aligns with the evolving needs of modern agricultural businesses

Stockwatch: Beazley up 9% on lower COR guidance
London market giant's stock surged on Thursday on 'mid-70s' COR guidance, while Bermudian carriers underperform as RenRe, SiriusPoint and Everest shares fall
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