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A key area of focus for the watchdog this year is delegated authority. -
The trade body called for a new Financial Services Bill early in 2026.
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The broker has analysed the differences in wildfire risk between Northern and Southern California.
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The company will manage Octave-backed syndicates 4242 and 1416.
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Most Covid BI claims are due to lapse in March 2026.
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Howard Hughes Holdings agreed to buy the carrier for $2.1bn.
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As demand rises across the digital asset space for multiple forms of crypto-related insurance, competition is building.
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The guidance will come into force on 1 September 2026.
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The LMA, FCA and Liiba welcomed the direction of travel but said progress is slow.
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The review found an unrelated breach over the CEO failing to log a journey on a private jet.
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The reinsurer is offering pricing incentives to members to reintegrate cover.
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Call for public and private partnership in cyber are not new, but sentiment remains divided.
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Sheila Cameron called on Lloyd’s to “accelerate” its commitment to behavioural change.
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Whether Rebekah Clement's promotion was influenced by an inappropriate relationship is in scope.
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Apollo CEO David Ibeson was also in the running for a seat on Council.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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Liès called for the industry to have a louder voice to promote greater insurance literacy across sectors.
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The sector’s recent achievements have flown below the radar, despite huge value creation.
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An insurability crisis could pose systemic risks that undermine the foundations of finance.
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Regulators do too little to distinguish between generalists and specialists, he said.
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How do struggling governments across the globe tackle stagnating economic growth?
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The financial services growth strategy could be “turbo-charged” by involving brokers, it said.
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Differentiating Lloyd’s claims performance could help drive business to the market.
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The report seeks to arm parliamentarians and policymakers with “practical tools”.
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The governor has yet to sign a pending bill to create a public cat model.
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Without flexible mechanisms the Corporation risks suppressing transactions.
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The protection gap must be closed before a public cyber reinsurance scheme is possible.
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Susan Langley will look to strengthen global business ties and promote UK growth.
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The executive has been with ASG since it was formed in 2016.
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The Corporation’s chair laid out plans to make Lloyd’s a preeminent market in the long term.
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The measures also seek to encourage greater wildfire mitigation efforts.
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The assistant treasurer is also due to review the Australian cyclone pool.
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The affirmations reflect Everest’s strong underwriting diversification.
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The carrier notified California regulators that it would stop renewing plans starting last month.
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Lloyd’s will keep heritage systems operationally resilient until at least 2030.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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The violations included not using propertly appointed adjusters and failing to pay claims.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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The group claims the White House is undermining disaster preparedness.
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This is the first rate filing to use the recently approved Verisk model.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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The carrier cited elevated cat and large-loss activity, including the LA wildfires.
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The LMA head also praised Velonetic for transparency on Blueprint 2.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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Sources have identified facilities as a different source of rising commissions.
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The UK carrier will write business that falls in the scope of the FSCS.
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The reduced fine reflected the PRA view that the breaches weren’t deliberate.
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Surveys show diversity and inclusivity foster a sense of belonging and increase productivity.
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Questions remain over regulatory touch, capital requirements and tax benefits
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The suit claims billions of dollars are being illegally withheld.
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Airmic has been lobbying the government to introduce a captives framework for years.
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The strategy is a 10-year plan to drive growth in UK financial services.
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The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
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The government is consulting on reforms to the existing regulations.
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The outcome of the consultation includes a detailed timetable for delivery.
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State legislation has led to major strides in rate adequacy.
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The trade body sent an open letter to the UK Chancellor ahead of her Mansion House speech.
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Claims chiefs are caught between technological advancement and waiting for phase two
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Cultural transformation, education, and leadership are also essential to creating safe workplaces.
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The PRA, FCA and Society of Lloyd’s have agreed to the changes.
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The challenge now is balancing top-line growth with underwriting discipline amid falling rates.
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The new chair said the market must adapt for 2030 and beyond.
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The FCA is reviewing how it can simplify regulation for commercial insurers.
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The measure could have landed insurers with extra tax on US business.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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There are now 14 new companies writing homeowners’ policies in the state.
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Green hushing is on the rise as Trump rows back on climate initiatives.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The event was co-hosted by The Fidelis Partnership and IDA Ireland.
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The £3.7bn deal was announced in December.
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CEO Caroline Wagstaff called for a “tailored and proportionate” approach to regulation.
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The association said privacy should be a key consideration in new requirements.
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The LMA urges use of AI for enhanced decision making but concerns remain.
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Future claims handlers could be "bionic adjusters” empowered by technology.
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The increased tariff on China trade could drive up the loss quantum on the SharkNinja recall and others.
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The Peak Re subsidiary mainly writes US motor and casualty reinsurance.
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The change reflects the company’s growing profile within the MS&AD group.
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The majority of the savings are expected to be realised in the retail division.
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The Lord Mayor told the CRO Summit to stop treating risk as a dirty word.
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The CEO transition is already visible in messaging on growth as rate change picks up.
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Delegates welcomed the FCA’s red-tape cut, but said more is yet to come.
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Lloyd’s CUO said established broker facilities were “big enough”.
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The platform could help reduce claims-cash holding times by 10 weeks.
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The CUO noted that market-wide rate change in Q1 was down 3.3%, coming in below plan.
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The consultation is a “welcome change of approach” from the regulator.
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Aviva and Direct Line struck the landmark deal in December.
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Plans include a new definition of commercial customers and lead insurers compliance only.
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The group said corporations face geopolitical and climate risk.
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Pushing through technological change and maintaining underwriting results are top of agenda.
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The proposals consist of supervisory expectations rather than rules.
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Full Vanguard testing is expected to compete by the end of the year.
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Risk managers at last week’s Axco summit said interconnected global risks require flexibility.
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The agency cited SiriusPoint’s recent management moves including lower cat exposure as a driver of the change.
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Insolvencies caused by the tariffs could also cause increased losses
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Representatives from the UK broker have been ordered to appear before magistrates on 7 May.
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Sources expect it to be a couple billion-dollar insurable market.
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From where to prioritise investing to managing slower growth, there are tough balancing acts ahead.
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The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.
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European reinsurers, London market carriers and composites all enjoyed healthy trading.
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The announcement spurred a quick spike in stock market valuations.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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Swiss Re and Talanx led the gains among listed European carriers.
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What does the bustling insurance industry of today have in common with the coffee shops of the seventeenth century?
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CEO responsibilities will be shared by Chris Newman and Tanya Krochta.
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RBC reports can help regulators identify weakly capitalized companies.
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The regulator is also aiming to digitise and simplify its authorisation process.
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CUO Rachel Turk said some syndicates were showing a “mismatch” in ambition and strategy.
