Lloyd’s lures Aviva’s MD for new chief of markets role January 22, 2021 Lloyd’s said this morning it has created a new chief of markets role which will oversee performance and distribution at the insurance giant. Patrick Tiernan has been hired for the position once he has seen out his current stint as managing director at Aviva, where he was previously chief financial officer. Tiernan has 24 years [...]
Lloyd’s of London insurer Canopius ‘plans stock market float’ January 19, 2021 Canopius Group, one of Lloyd’s of London’s largest insurers, is planning a stock market flotation in London that could value the company at as much as £2bn, according to reports. The London-headquarters company, which has offices in seven countries including Bermuda, China and Singapore, has approached investment banks about working on an initial public offering [...]
Lloyd’s pledges to end investment in coal in first climate change policy push December 17, 2020 Lloyd’s of London will end investment in thermal coal-fired power plants, thermal coal mines, oil sands and new Arctic energy exploration activities as part of the market’s first ESG strategy. Lloyd’s typically has a more hands-off approach when it comes to climate change strategy. The market acts as regulator for around 100 syndicate members, and [...]