London Market
Gulf war oil spills test the war exemption in tanker pollution cover
The IOPC Funds told Reuters in August it had no role in one Oman tanker clean-up because the incident was an act of war.
Topic
London Market
London Market
Lloyd's unifies oversight in push to cut market friction
Rachel Turk will lead the new Oversight and Performance function, covering governance, reserving and syndicate capital.
Deals
Vencora completes purchase of CT InsureTech from Charles Taylor
The Constellation Software unit said it will run the London-based business as three units, one dedicated to London Market bordereaux and delegated authority tools.
London Market
Lancashire declares $182m special dividend of 75 cents a share
Lancashire said reinsurance premiums fell 6% after a planned retrocession cut, while energy, marine and US expansion drove insurance growth of 5.3%.
London Market
Credeq and Generali join Lloyd's queue for 1 January 2027 starts
Two syndicates approved in principle in October add credit and reinsurance capacity, as ten new corporate-member companies appear ahead of the new year of account.
London Market
Hiscox says cycle management cut London Market growth by nine points
Underlying London Market growth slowed to 3.9% in nine months, from 5.3% at the half-year, as group written premiums rose 9.5% to $4.44bn.
AI
Anthropic warns insurers may lack capacity for a catastrophic AI loss
Its US share sale filing says the market for AI-specific cover is nascent and may not offer terms at all.
London Market
Chubb combined ratio rises to 84.1% on $705m of catastrophe losses
Chief executive Evan Greenberg said competition in commercial lines is building in London as well as the US.
London Market
Marsh says Broker Workbench cuts London placement processing to hours
Chief executive John Doyle told analysts that 93% of Marsh's wholesale trading in London is now digital.
London Market
Lloyd's takes strategic stake in aviation data platform Asterias
Asterias, a Lloyd's Lab alumnus, records aircraft, lease, policy and loss data once for insurers, brokers, lessors and airlines.
London Market
Price Forbes launches $1bn property, cargo and terror facility with Brit
The Accordium facility, backed by Brit, puts property, stock throughput and terrorism cover in one policy with a joint deductible.
