Los Angeles wildfires could result in $15bn US insurance losses insurance Early estimates of the wildfires engulfing Los Angeles county may rapidly deplete the catastrophe budgets of US primary insurers
Lloyd’s of London reports ‘superb’ first half but warns of digitisation delays insurance Lloyd’s of London, the storied insurance market and one of the world’s largest providers of reinsurance, has reported a jump in profit today but warned its landmark digitisation project was taking “longer than expected”. Lloyd’s reported an overall profit before tax of £4.9bn in the first half of 2024, up from the figure of £3.9bn [...]
London insurance sector braces for Atlantic hurricane season insurance As the Atlantic hurricane season reaches its peak, the London insurance market is preparing for the fallout.
Global tech outage: First real test for cyber insurance market July 24, 2024 The world suffered from a technical crash on Friday which left airlines grounded and affected business, but who will cough up for the interruption?
Record numbers working in the City’s insurance market May 19, 2024 Job numbers in the City's insurance market are at their highest level for at least a decade, according to data from an industry body.