RedBird Capital Partners-backed Bishop Street Underwriters is set to secure a London platform as the expansive platform said it will acquire specialty MGA Landmark Underwriting.

Compulsory cyber insurance and tax relief on cyber investment have been identified as two measures that may incentivise greater cyber resilience among UK businesses, with new research by Howden showing that more than half of UK firms have faced at least one cyber attack in the past five years.

QBE has received approval from Lloyd’s to grow the stamp capacity for Syndicate 2999 to £2.15bn ($2.69bn) for 2025, making it one of the Lime Street market's largest underwriting platforms, The Insurer can reveal.

Tokio Marine Kiln (TMK) has confirmed its flagship Syndicate 510 will operate with a stamp capacity of £2.225bn ($2.8bn) for 2025, reflecting the Lloyd’s platform’s recent merger with sister Syndicate 1880.

The Lloyd’s Art Group’s annual exhibition opens in the Old Library at 9.00 am this morning and will continue until Thursday, showcasing more than 250 pieces of art.

Markel has bolstered its marine cargo offering with the appointment of David Pressman as senior underwriter.

Receipts from insurance premium tax (IPT) reached £956mn in October 2024, bringing the total for the 2024/25 financial year so far to £5.5bn, according to HMRC data.

Dame Inga Beale has issued a rallying cry to the insurance sector to accelerate the pace of digitalisation and decarbonisation to attract both younger and external talent in order to ensure the future relevance and sustainability of the industry.

Placing Platform Limited (PPL) has launched a new underwriter dashboard to support users during periods of high volume on the platform.

Professional indemnity MGA Aqueous Underwriting has secured a three-year capacity deal with Allied World and Sompo.

Acrisure has appointed Tom Quy as managing director of Acrisure's London wholesale division, with incumbent John Sutton to transition into a consulting role.

Specialty MGA Optio Group has continued to build out its senior team with the appointment of Oliver Sheppard as head of financial lines.

The increasing adoption of underwriting models enhanced by data and digital technologies will require the London market to maintain its competitive edge amid changing demand for the future talent pool of specialty insurance, according to senior industry leaders.

Cyber insurer Coalition has appointed Matt Foster to the newly created role of head of London markets.

Lloyd’s is developing an AI market strategy to examine the risks and opportunities associated with implementing AI and other technology models into underwriting processes, as well as reviewing its principles-based oversight framework.