Carrier partners with InsurX on algorithmic system that claims to return most quotes within an hour

London market bodies insist safety must come first as Lloyd’s confirms further delay to phase one cutover of major market modernisation initiative

Brand joins from White Bear Managers, where she was energy liability founding partner

Lloyd’s carrier was first re/insurer to sign up to facility, which was launched last December

Many previously standalone layers have been folded back into treaties

Chief financial officer says the market's average return since 2018 has not been sufficient for investors

Property reinsurance profits also edge up despite heightened loss activity amid strong premium growth

Underwriting profits decline 78% to £89m in 2024

The class posts an underwriting loss of £165m amid slowing rate increases and continued material loss activity

Marine rate rises slowed while aviation pricing 'remained marginal' as combined ratio climbs to 104.3%

Outgoing chief executive says ‘sustainable profitability’ will guide market oversight and growth aspirations as world’s oldest insurance market confirms £9.6bn full-year profit

Lloyd's binder provides capacity for international facultative property, power and onshore energy