Category Archives: Lloyd’s/London Market
Property catastrophe rates up 10% says Marsh Q1 report
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 … Continue reading
Update: Marsh UK flood cover has insurer backing
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
3 April 2012 · Leave a Comment
Lloyd’s CEO in rate discipline call after $800m loss
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 … Continue reading
Lloyd’s promises sanction against Bribery Act failures
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 … Continue reading
H1 2011 Results and repetition
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 … Continue reading
