Lloyd’s proposals are focused on delivering higher quality risk protection for the market’s customers. They also offer ways to simplify access to the global insurance market, together with lowering costs of doing business at Lloyd’s. The publication of this strategy marks the next phase of wide-ranging consultation and blueprint development involving Lloyd’s unique ecosystem of… Continue reading Lloyd’s Unveils a Bold New Strategy to Simplify Market Access, Lower Costs
Tag: Lloyds of London
AI and Robots Create New Risks and Opportunities: Lloyd’s
As the world becomes increasingly automated, forcing underwriters to adapt and navigate a new risk environment, insurers are leveraging the potential of AI themselves to remain competitive, improve processes and increase efficiency. This is according to two new reports from Lloyd’s exploring these trends in more detail. “Taking control: artificial intelligence and insurance”, published in… Continue reading AI and Robots Create New Risks and Opportunities: Lloyd’s
Lloyd’s Reforms “Painful” but Delivery “Essential”, Says Berenberg
It’s going to be a “painful process”, but the specialist Lloyd’s of London insurance and reinsurance marketplace is finally starting to address its high expense issue and deteriorating profitability, reports Berenberg. Overall, Berenberg believes that the Lloyd’s and wider London market has finally started to reform, with initiatives underway across the marketplace to lower costs… Continue reading Lloyd’s Reforms “Painful” but Delivery “Essential”, Says Berenberg
Sexual-Harassing Ways Are Thriving at Lloyd’s: Bloomberg Feature
Rising from the heart of London’s financial district along Lime Street is a tower so otherworldly that Marvel Studios cast it as an office building for a highly advanced civilization in the film Guardians of the Galaxy. The building’s guts—air ducts, stainless steel staircases, even power cables—are mostly on the outside, creating the futuristic-looking facade.… Continue reading Sexual-Harassing Ways Are Thriving at Lloyd’s: Bloomberg Feature
Burkhard Keese Appointed Lloyd’s Chief Financial Officer
Burkhard Keese has been confirmed as the Chief Financial Officer (CFO) of Lloyd’s following the unanimous approval of his appointment as successor to John Parry by the Council of Lloyd’s. Burkhard will take up his position at Lloyd’s on 1 April 2019, following 14 years at Allianz Group. Since 2012 he has been the Chief… Continue reading Burkhard Keese Appointed Lloyd’s Chief Financial Officer
Lloyd’s Confirms 2019 Targets for Electronic Placement Mandate
For Q1 next year (2019), each syndicate will be required to have written no less than 40% of its risks using a recognized electronic placement system with the target increasing to 50% in Q2. A quote target will also be introduced in Q2 2019, and all targets will now apply to both lead and follow… Continue reading Lloyd’s Confirms 2019 Targets for Electronic Placement Mandate
Lloyd’s Names Rottiers Brussels CEO
Sonja Rottiers has been appointed as the chief executive officer of Lloyd’s Brussels. Rottiers takes the helm of Lloyd’s post-Brexit hub following the resignation of Lloyd’s chief commercial officer and Brussels CEO Vincent Vandendael who will move to Everest Insurance in early 2019. As well as CEO of Lloyd’s Brussels, Rottiers will also be Lloyd’s… Continue reading Lloyd’s Names Rottiers Brussels CEO
Brexit Vote Delayed in Face of Broad Opposition
British Prime Minister Theresa May delayed a critical parliamentary vote on her government’s Brexit bill, throwing both her government and her plans for the U.K.’s exit from the European Union into disarray. The postponement of the vote came after Mrs. May spent an hour talking to her cabinet members Monday. Many of them urged her… Continue reading Brexit Vote Delayed in Face of Broad Opposition
Lloyd’s of London Heading for WeWork Style Makeover, CEO Says
Lloyd’s of London’s historic base on Lime Street is heading for a radical makeover, with more focus on shared, collaborative spaces along the lines of a WeWork Cos. office, according to its outgoing chief. “Over the years to come, that place will look very different, guaranteed,” Chief Executive Officer Inga Beale said in an interview… Continue reading Lloyd’s of London Heading for WeWork Style Makeover, CEO Says
Lloyd’s of London Appoints Former QBE Boss John Neal as CEO
Lloyd’s of London said on Friday it had appointed John Neal as its chief executive officer and he would take up his position on Oct. 15. Neal, who was most recently the chief executive at Australia-based QBE Insurance Group, will take over from the commercial insurance market’s first female CEO, Inga Beale.