Weekly News Roundup – 9th September
It’s been an emotional week for the British public with the announcement of the death of the beloved Queen Elizabeth II and the insurance industry has been paying tribute (see below). Her Majesty had asked her 15th Prime Minister, Liz Truss, to form a government just days before and was said to have passed away peacefully on Thursday afternoon.
Thank you for your service. RIP Ma’am.
Insurance industry mourns death of inspirational Queen Elizabeth II (Source: Insurance Times)
Britain’s longest standing monarch has passed away and Lloyd’s commemorated her life with the ringing of the Lutine Bell.
Lloyd’s of London takes £1.1bn hit from Ukraine war (Source: The Guardian)
Unsurprisingly, the conflict has had its impact on profits and the market is bracing itself for the fall out from natural catastrophes and rising inflation.
London financial services firms see potential in Liz Truss’ ‘radical’ policies (Source: Insurance Journal)
The incoming PM plans to attack issues, such as Solvency II, in a bid to move away from EU regulations.
Dive In 2022 – WTW leader on wake-up calls and taking action (Source: Insurance Business Magazine)
With this year’s festival just around the corner, WTW discusses how the insurance industry “can’t afford to keep recruiting the same kind of person it has always recruited”.