Reinsurance News
London Market Group
London market could become more competitive as FCA investigates broking practices
15th November 2017
Heavy operating costs mean the London market has been losing business to foreign re/insurance hubs in recent years, but according to Fitch Ratings, an upcoming review of broker practices by the Financial Conduct Authority (FCA) could help to reverse this trend. Rising broking commissions have added to pressure on insurers' underwriting ... Read the full article
Brexit and emerging markets an opportunity for London: Nicolas Aubert
14th August 2017
Chair of the London Market Group (LMG) and Head of Great Britain at Willis Towers Watson, Nicolas Aubert, says London insurers and reinsurers should focus on the opportunities presented by Brexit and feels the London market can thrive in emerging parts of the world, in an interview with the Boston Consulting ... Read the full article
London market data capture solution launched by the LMG
8th August 2017
The London Market Group (LMG) has announced that one of the core solutions within the London Market Target Operating Model (LM TOM), called Structured Data Capture (SDC), is now live for terrorism, financial lines, marine, and property and casualty. SDC is an online service that converts the policy wordings of a ... Read the full article
LMG shows support for London Centre for Global Disaster Protection
26th July 2017
The London Market Group (LMG) has underlined the importance of risk transfer in building a more resilient world against the threats of disaster situations, in a statement that welcomes the establishment of a new London Centre for Global Disaster Protection. UK Prime Minister, Theresa May, announced the creation of a new London ... Read the full article
Nicolas Aubert reappointed as London Market Group Chair
28th April 2017
Nicolas Aubert, Head of Great Britain for insurance and reinsurance brokerage Willis Towers Watson, has been reappointed as the Chair of the London Market Group (LMG). Nicolas Aubert commented “I am delighted that I can continue to lead the LMG for another year and would like to thank the Board for ... Read the full article
One phase of London’s PPL launch brought forwards another delayed
27th March 2017
One of the phases of integration for the London market's PPL electronic trading platform has been brought forward, while another has been delayed as the existing timeframe was deemed too ambitious. Phase 1 of integration, which includes the alignment of Placing Platform Limited (PPL) technology with a market data capture initiative ... Read the full article
Regulatory equivalence, new trade deal are key Brexit concerns: LMG
9th March 2017
The London Market Group (LMG), an independent UK and London insurance and reinsurance market lobby group, has called for the UK government to assure regulatory equivalence is maintained after Brexit and that a new trade deal is secured with the EU. The LMG has published a report full of recommendations for ... Read the full article
LMG adds Jardine and Wilson to Board
6th February 2017
The London Market Group (LMG) has announced that it's added Paul Jardine of XL Group and Matthew Wilson of Brit to its Board. Jardine serves as Executive Vice President and Chief Experience Officer of XL Group and was previously Chief Operating Officer (COO) at Catlin, and now has responsibility for XL's ... Read the full article
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