London Market: Specialty Results and Hot Topics

Join us IN PERSON for the fourth Forum in the 2025 iNED Programme.

"London Market Specialty Results 2024, Key Reserving Trends and Hot Topics"

The annual presentation of EY's London Market Specialty Results analysis will take place at EY's More London Place office on Wednesday, July 2nd. The presentation which will also draw out key reserving trends will be followed by a panel discussion.

This will provide delegates with ample opportunity to question the EY panel on the results and implications of their analysis. After a break for coffee, there will be two further presentations featuring this year's Hot Topics. The first will share the results of a survey of insurance COOs conducted by EY on the challenges of delivering transformational change programmes. The second will review the results of EY's annual cost benchmarking survey as expense management becomes a higher priority in the softening market.

Attendance at this event is limited to 60 delegates so early booking is recommended.

 

LEARNING OBJECTIVES

By attending this Forum, delegates should be able to:

• Explain the financial performance of the London Specialty Market in 2024
• Articulate the key underwriting performance drivers in 2024, as well as significant reserving trends
• Identify the key challenges in delivering transformational change programmes and the questions NEDs should be asking at the Board
• Describe the expense trends in the London Market and any significant drivers of change.

Speaker(s)

David Staunton
Senior Manager, Ernst & Young LLP 

David is a Partner in EY’s Actuarial team with over 18 years of general insurance experience. David leads EY’s analysis of the published Specialty Market results, providing in depth commentary using visual analysis of the published accounts and regularly presents on the market results and trends at external events. As a Lloyd’s Signing Actuary, he has extensive experience leading audits and reserve reviews of commercial and specialty lines insurers. David leads the development of our in-house reserving software and has significantly improved actuarial processes for various insurers.

Andy Worth
Associate Partner, Ernst & Young LLP 

Andy Worth is a Partner in EY’s insurance practice. Andy started his career as an underwriter before his career with EY. He has undertaken multiple transformation projects with a variety of insurers and reinsurers. Andy currently looks after a portfolio of London Market carriers and has run a London Market COO forum for over a decade. This has included running a COO survey in 2024.

Ben Reid
UK Specialty Insurance Leader, EY

Ben leads the specialty insurance market sector in EY, UK. His focus areas include commercial insurers, reinsurers and brokers who together form this market segment. He leads the organisation’s go-to-market capability for these clients.  As a management consultant, Ben is experienced in the design and delivery of strategic and operational change initiatives for insurance clients.

Dan Beard
Partner, EY

Dan is a Partner at EY and leads the non-life actuarial transactions team. With 15 years’ experience, Dan specialises in Capital Optimisation. He has extensive claims reserving experience as a Lloyd’s signing actuary for three syndicates and addresses regulatory matters. He also assesses capital requirements, applying Solvency II standards and developing stochastic capital models. He coordinated EY’s Brexit restructuring for insurers and develops operational infrastructure.

Charlotte Apperley
Senior Manager, Insurance, EY

Charlotte is a Senior Manager in our consulting insurance business transformation team. With a decade of specialty experience leading teams both in the London Market and at EY, Charlotte delivers transformation across the end-to-end value chain, including strategy, distribution, underwriting and pricing, claims, and outwards reinsurance.

Ruth Nelmes
Non-Life Actuarial Lead and UKFS Consulting COO, Ernst & Young LLP

Ruth has over 20 years’ experience in the Lloyd’s and London Market, working with global (re)insurance companies to provide insights and challenge on reserves, regulatory change and capital model validation. She has a passion for providing Boards and Audit Committees with insights on trends and developments to ensure the market remains competitive and relevant for the uncertain world around us.

Douglas Plenty
Partner, Insurance consulting, Ernst & Young LLP

Doug is a Partner in Consulting, leading the UK insurance transformation team and EMEIA insurance strategic cost transformation solution. With 19 years of experience in over 20 countries, he has transformed distribution, underwriting, claims, and operations for commercial and specialty (re)insurers and brokers. Doug sponsors the global benchmarking survey and drives cost efficiency in the insurance market.

Emily Baylis
Manager, Insurance consulting, Ernst & Young LLP

Emily is a Manager in EY’s insurance consulting practice. She has experience in supporting specialty (re)insurance and personal lines insurers with operational and digital transformation; including strategy, cost reduction, target operating model design and delivery, outsourcing and technology implementation.