The way disputes are resolved has changed significantly in recent years, and as the Rolling Stones case highlights, clients and lawyers should think carefully about their options before jumping straight into court proceedings. […]
At its best this market provides a unique and unrivalled service to our customers. We provide solutions to their problems in a way that no other insurance centre or capital market can do. We provide help when they most need it. But there is increasing evidence that London’s position in the global industry is slipping. So I want to use the unique cross-market vehicle that LMG is to understand why that is, to understand our customers’ needs better and then do something about the issues we have. […]
The Lloyd’s insurance market’s planned expansion into emerging markets is a net positive, even though writing insurance outside of established markets carries additional risks, according to Fitch Ratings.
Fitch said it expects the economic development of emerging market economies to boost demand for insurance and reinsurance. Lloyd’s already writes 25% of its business outside of Europe and North America, with the growth of insurance premiums outpacing that of developed markets. […]
Global property insurance rates continued to firm in the first quarter of 2012, according to a report published today by Marsh. Despite the absence of major natural catastrophes during the first three months of the […]
Global broking group Marsh said its affordable flood insurance plan has “critical mass”, despite pessimism from one commentator today.
Marsh and its sister company Guy Carpenter announced ‘Project Noah’ which they claim can secure affordable flood insurance for at risk properties in the UK, only to have the idea chastised following a tweet from an Insurance Edge reader.
Is “Project Noah” the solution to the UK’s flood insurance crisis? businessmediaroundup.com/2012/04/03/mar… via @RalphSavage […]
Following the second costliest year for catastrophes on record for the insurance industry, Lloyd’s today announced a loss of £516 million (US$800 million) for 2011. Lloyd’s incurred total net claims of £12.9 billion (US$20.6 billion) […]
Lloyd’s has issued a further reminder to members that it will punish those who ignore the risks posed by the UK Bribery Act 2010. According to law firm CMS Cameron McKenna, there is concern that […]
The first half financial reporting season is upon us and as always it will be a challenge for reporters to make the story behind each firm’s numbers sound different. This is because as certain major […]
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