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
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
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
Pen Underwriting plans IP push with Alsegard hire
MGA hires Gallagher director to develop a portfolio of intellectual property insurance products
Richard Turner quits Victor for job at West of England
High-profile former Iumi president jumps ship in switch to protection and indemnity
RSA to exit UK personal motor
Move, which will release £60m of capital, aims to strengthen the group's UK and international business
Stockwatch: Swiss Re shines as European stocks rebound
Reinsurers see the biggest gains as investors return to insurance stocks following banking jitters
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
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
BHSI names Ruddlesdin head of PI and cyber for UK
US commercial insurer looks to expand presence as a lead market
Stockwatch: Beazley plummets as financial stocks nosedive
AIG, Beazley and Scor worst hit as insurance stocks rocked by bank collapse and crisis fears
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
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