David Powell, Head of Technical Underwriting at the LMA London, 01 May 2024: The Lloyd’s Market Association (LMA) has today announced the launch of its latest iteration of the UK Consumer Wordings Guidance. This is a comprehensive resource designed to aid LMA members in effectively and clearly communicating insurance concepts to consumers. Produced jointly with Browne Jacobson LLP, the updated guidance reflects recent regulatory changes, including the removal of Lloyd’s minimum standards and the introduction of the FCA’s Consumer Duty. This update ensures that the guidance remains aligned with ..read more

London, 15 April 2024: The Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR) present a detailed analysis and comment on the Lloyd’s 2023 results, following our preliminary press release on 11 March 2024. Lloyd’s recently announced its best ever profit of £10.7bn which sets it on course to achieve its best return on capital for over 15 years. For the highlights of the analysis and access to the full insights report, visit the LMA website here. The full insights report, authored by the LMA and ICMR, covers both the performance of the market as a whole and ..read more

London, 26 March, 2024 – Marsh, the world’s leading insurance broker and risk advisor and part of Marsh McLennan, today announced the launch of a new insurance facility for custodians of digital assets, including financial institutions. The largest facility of its kind, it provides insurance capacity up to $825 million and is available to Marsh clients globally. The facility will support those organisations with digital assets held offline – known as cold storage – as well as those seeking to cover certain elements of risks for assets secured by Multi-Party Computation (MPC) or other custody ..read more

Gross written premiums up 27% to £3.1bn  In-force policies broadly flat at 9.4mn (own brand Motor down 383,000) Motor premiums up 37% in Q4 4p dividend announced Matt Britzman, equity analyst, Hargreaves Lansdown: “Direct Line has brought back its dividend. This will be a welcome relief to investors who’ve had to wait for performance to improve before the board felt comfortable reinstating the dividend. Things have picked up, but there’s a long way to go before this turnaround is complete. It’s no secret that Direct Line has struggled over the past few years to deal with a challenging ..read more

Chris Jones Complex compliance, tax and coverage issues surrounding the purchase of directors and officers liability cover by multinational companies are addressed in a new guide published by the International Underwriting Association (IUA). It focusses on the increasing number of businesses that are considering utilising subsidiaries as the main policyholder on a non-admitted basis, when seeking global directors and officers (D&O) liability cover. In such cases there are a number of important legal and compliance considerations to be examined. Rules determining whether an insurer can unde ..read more

The newly elected WISTA Hellas BoD for 2024-2026 on a l to r: : Anna Giatra, Samantha Lourandou, Akrivi Brikou, Vivi Kolliopoulou and Maria Kyratsoudi. Following its 29th Annual General Assembly and elections for the new Board of Directors and Auditing Committee of WISTA Hellas, held on Wednesday 28th February 2024, WISTA Hellas is pleased to announce the new Board of Directors and Auditing Committee, for the term 2024-2026: President Ms. Vivi Kolliopoulou Insurance Manager, Angelicoussis Group Vice-President Ms. Akrivi Brikou CFO, Efshipping Company S.A. General Secretary Ms. Anna Giatra Shi ..read more

by City Headshots Dublin Rob Geraghty promoted to International Captive Consulting and Sales Leader; Nick Gale to lead Dublin and Isle of Man Captive Management Offices London, 6 February, 2024 – Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, today announced the appointment of Lorraine Stack as Risk Management Leader, Europe, effective immediately. Ms. Stack is based in Dublin and reports to Christos Adamantiadis, CEO, and Carolina Klint, Chief Commercial Officer, Marsh McLennan Europe. Marsh also announced that Rob Geraghty has succeeded Ms ..read more

Watson Farley & Williams Athens (“WFW”) has advised Howden Hellas on its acquisition of yacht insurance brokers IYC Insurance Brokers PC from the IYC Group. Howden Hellas is the largest insurance and reinsurance broker in Greece and Cyprus and a unique company in the Greek market with a comprehensive approach to the needs of high-net-worth clients. It is a member of Howden Broking Group, which has a global footprint with more than 15,000 employees in 50 countries and handles more than US$35bn in written premiums for its clients. IYC Insurance Brokers is an international leader in superyac ..read more

Susannah Streeter Most popular shares with DIY investors in 2023 Legal & General Group was at number one in the top ten most popular shares. Dividends appear to be a big draw for investors in 2023. UK-listed companies remain popular among retail investors and dominate the list. Tesla is the only overseas stock in the top ten, nestling near the top of the table. Companies in banking, mining and defence sectors prove attractive. Susannah Streeter, head of money and markets, Hargreaves Lansdown: ‘’London-listed companies remain a big draw for UK retail investors even though the FTSE 100 has ..read more

Distinguished members, friends, representatives of organizations, and esteemed supporters came together to celebrate the 30th anniversary of WISTA Hellas. Together, they lit the candles alongside the past Presidents in a festive atmosphere at the 30 Years Anniversary Gala & Award Ceremony held on Monday, 4 th December 2023, at Divani Apollon Thalasso & Spa. Emotion, memories, smiles, joyful spirits, love for WISTA Hellas, pride in the Association’s three decade-long commitment to women contributing to the progress of shipping, trade, and logistics, and a commitment to continue strivi ..read more