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Lloyd's gets tough on cyber war carve-backs

Corporation’s chief of markets, Patrick Tiernan, warns of the potential of capital loadings and downgrades for syndicates that fail to take appropriate action to segregate systemic risks from core cyber covers

Lloyds Specialty

Consultation reveals positive response to Data Council's PRR proposals

Process, roles and responsibilities consultation finds ‘no fundamental disagreement’ with any of the proposals to support market’s digitalisation, but ‘further clarification’ advised on some elements

London Market Modernisation

Fowle to succeed Harries as Atrium CEO

Richard Harries to step down after nine years at the helm of the Lloyd’s insurer, to be succeeded by outgoing Chaucer chief executive

London Lloyds

Chaucer CEO Fowle to step down

Chief financial officer Rob Callan named interim chief executive until a successor is appointed

London Chaucer

TMK forms standalone cyber division

Lloyd's insurer says change will support growth of the cyber line of business

London Lloyds

Volante Global launches in Singapore

The new business will provide re/insurance solutions across the region through Volante’s Lloyd’s syndicate

Singapore Lloyds

Inigo swoops on Axis for cyber lead

Lloyd’s carrier hires James Creasy to spearhead cyber insurance entry

London Lloyds

Ariel Re names Partington Howarth chief capital officer

Former Axis Re executive will oversee capital strategy, including sourcing external capital and managing investor relations at the Lloyd’s re/insurer

Bermuda People moves

Lloyd’s and Tokio Marine join exit from Net-Zero Insurance Alliance

Organisations stress they remain committed to the transition to net zero as exits from the sustainability initiative accelerate

Climate change Lloyds

Helios swings to £1.3m loss as underwriting profits plunge

Lloyd's acquisition vehicle's gross written premiums climb 113% to £244m in 2022 as Michael Wade named chairman designate

London Lloyds

Lloyd’s cyber exclusions ‘misrepresented’: CFC's Newman

The new war wording was never meant to exclude all nation state-backed attacks, the MGA’s chief executive says, as he brands the Lloyd’s exclusion a ‘PR disaster’

Cyber London

Lloyd's hires Beazley's Turk as chief underwriting officer

Corporation appoints Beazley's group head of strategy Rachel Turk to support the continued improvement of the market's underwriting performance 

Lloyds People moves
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