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London Market

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


Legal Focus: Co-insurance proves tricky in construction contracts

Judgment in FM Conway v The Rugby Football Union makes clear how important the contractual arrangements are in determining the extent of project parties’ respective insurance coverage, even if co-insured

United Kingdom Casualty

Steamship Mutual returns to underwriting surplus

Marine mutual becomes latest International Group affiliate to bring combined ratio below 100% 

United Kingdom Marine

Stockwatch: Talanx climbs 7% on Latin American acquisition

Hannover Re continues to rise, while Scor wobbles as insurance stocks underperform equity markets globally

Europe North America

NorthStandard plans specialty lines push

Doubling lines such as offshore energy, strike and delay, hull and machinery, coastal and inland and fishing and aquaculture will provide diversification away from pure P&I book, joint managing directors argue

United Kingdom Marine

Legal Focus: Why insurers need to prioritise prevention of customer harm

The industry is still some way from avoiding customer harm, meaning only the proactive will prevail as the FCA’s consumer duty comes into force

United Kingdom Regulation

Court of Appeal finding in Quadra v XL strengthens hand of insureds

Decision has market-wide implications for ‘insurable interest’ provisions in cargo insurance policies

International United Kingdom

Stockwatch: Generali stock wobbles as life unit swings to Q1 loss

Hannover Re was the week's top performer as SiriusPoint, RenRe and Greenlight Capital Re stocks also do well

Europe United Kingdom

Legal Focus: Accidental loss in the dock

High Court examines the test for accidental loss in the recent case of MacPhail v Allianz Insurance 

United Kingdom Claims Management

Cowbell bolsters underwriting leadership

Cyber MGA appoints Claud Bilbao UK director of underwriting and Matt Byrne vice-president of tech E&O underwriting

North America United Kingdom

Association of Average Adjusters names Fischer chair

Burkhard Fischer, director of Albatross Adjusters, has served as vice-chair of the association for the past seven years

United Kingdom People moves

Brown & Brown acquires Kentro Capital

US broking group expands international operations with deal that includes Nexus Underwriting and Xenia Broking

United Kingdom Broker

Shipowners’ Club hails ‘breakout year’

Small craft P&I specialist confirms combined ratio below breakeven point for second year in succession

United Kingdom Marine
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