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London Market

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


NSM broadens European presence with acquisition of Acquis in UK

Managing general agent NSM's new acquisition Acquis provides insurance solutions for the asset financing and leasing industry

United Kingdom United States

Stockwatch: SiriusPoint rallies on Fitch outlook revision

Bermuda-based carrier gains 7.9% this week after stable rating, as Beazley rises for second week running 

Europe United Kingdom

Legal Focus: New Building Safety Act will have an impact on professional indemnity cover

The legislation, which is expected to come into force by October 2023, imposes greater obligations on designers, contractors and building control bodies and will have implications for their insurance cover

United Kingdom Casualty

Pen Underwriting plans IP push with Alsegard hire

MGA hires Gallagher director to develop a portfolio of intellectual property insurance products 

United Kingdom Specialty

Richard Turner quits Victor for job at West of England

High-profile former Iumi president jumps ship in switch to protection and indemnity

United Kingdom Marine

RSA to exit UK personal motor

Move, which will release £60m of capital, aims to strengthen the group's UK and international business

United Kingdom Casualty

Stockwatch: Swiss Re shines as European stocks rebound

Reinsurers see the biggest gains as investors return to insurance stocks following banking jitters

Europe North America

Legal Focus: Bar set too high for nightclub slipping accident

A recent case will be seen as good new for insurers in redressing the balance on liability claims

United Kingdom Casualty

Marco Capital strikes UK motor legacy deal with Markel

Loss portfolio transfer transaction will provide reinsurance cover for up to £200m of the US specialty insurer’s UK motor claims reserves

United Kingdom Casualty

BHSI names Ruddlesdin head of PI and cyber for UK

US commercial insurer looks to expand presence as a lead market 

United Kingdom Berkshire Hathaway

Stockwatch: Beazley plummets as financial stocks nosedive

AIG, Beazley and Scor worst hit as insurance stocks rocked by bank collapse and crisis fears

Europe United Kingdom

Axa XL backs parametric cyber product

Intangic MGA will offer cover of up to $15m to large UK corporates with plans to launch in the US

United Kingdom Axa
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