Lloyd’s quest for its next Chair has been completed and Sir Charles Roxburgh KCB has taken the top job. In other Lloyd’s news, the market has announced its intention to introduce a flat fee structure from 1/1.
Lloyd’s of London announces next Chair (Source: Insurance Business Magazine)
Sir Charles Roxburgh KCB will succeed Bruce Carnegie-Brown in 2025. As well as roles at the Treasury, Roxburgh worked nearly 3 decades at McKinsey, where he supported a number of initiatives at Lloyd’s.
Podcast: Bruce Carman, Hive Underwriters: MGAs are insurance speedboats (Source: Voice of Insurance)
A leading aviation and war underwriter since the 1980s, this podcast with Bruce Carman “examines the art of becoming a good and highly focused underwriter and insurance entrepreneur”.
Cowbell Expands Cyber Insurance Underwriting Capacity for Middle-Market Businesses (Source: Insurtech Insights)
In a tie-up with Chaucer, OneAdvent client, Cowbell, has announced an expansion of its underwriting capacity, enabling it to cover businesses with annual revenues of up to $1 billion.
Lloyd’s reworks fee structure to flat 1% charge on GWP up to £3bn (Source: Insurance Insider)
Under a new simplified structure, Lloyd’s intends to introduce a flat fee structure from 1st January 2025.
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