Insurance Covered
A look at The London Market Group (With Caroline Wagstaff)
Dec 5, 2022
Caroline Wagstaff discusses the London Market Group's challenges and focus areas, including government relations, talent, and promotion. They explore attracting young talent to the insurance industry and promoting the London market. The podcast emphasizes the need for growth, collaboration, and maintaining competitiveness in the global insurance market.
32:34
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Quick takeaways
- The London Market Group acts as a cross-market engagement platform for key stakeholders in the insurance industry.
- Efforts by the LMG aim to attract young talent to specialty insurance through targeted campaigns and educational initiatives.
Deep dives
The London Market Group: Defining the Ecosystem
The London Market Group (LMG) is a trade body representing stakeholders like Lloyd's, the Lloyd's Market Association, Liba, and the IRA. It acts as a cross-market engagement platform for these stakeholders. The London market is defined as an ecosystem within 500 meters of the Lloyd's building, comprising 350 companies including brokers, insurers, and service providers. This unique structure allows for both competition and collaboration, attracting over 48,000 employees.
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