Lloyd’s
Lloyd’s of London represents a key global hub for specialty re/insurance risks. The market’s high cost base and traditional reluctance to embrace technological reform has raised questions about its competitiveness, prompting the launch of The Future at Lloyd’s initiative in 2019. This section contains news, analysis and insight examining developments in this project as Lloyd’s works to strengthen its position in the global specialty re/insurance industry.
Market dislocation presents challenges and opportunities for London D&F writers
London is seeing strong demand for property D&F cover, although the market faces stiff competition from a buoyant Bermuda. For syndicates, risk selection remains the top priority
Viewpoint: The London market has a unique opportunity to deliver reform
There are good reasons to believe Lloyd's new reform programme will deliver where previous efforts have failed
Arch Insurance's Leoni and Lay: Building for the next phase of the cycle
Arch Insurance International is seeking to achieve the necessary size, scope and diversity to flourish through every stage of the insurance cycle, according to its two chief underwriting officers
Legal Focus: Regulatory expectations for good governance and culture underpin Lloyd's transformation
The drive for innovation must go hand in hand with strong oversight and a healthy culture
ID Comment: Blueprint Two puts meat on the bones of Lloyd’s reform plans
Lloyd’s is hoping the reforms will shave 3% of its operating cost base
Pandemic accelerates strategic challenges facing re/insurers
The re/insurance sector is potentially facing its biggest loss ever from the coronavirus pandemic, but the crisis has also created opportunities and added fresh impetus to firms’ innovation and transformation programmes
Viewpoint: Professional indemnity hard market requires a consistent approach from carriers
Underwriters are under pressure to justify each piece of new business they write because it could mean throwing out a profitable renewal
Viewpoint: Political violence wordings are a serious matter
Industry must get its act together and both draft, and apply, contracts and wordings in the correct manner
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