Ep213 Caroline Wagstaff LMG: A Good Story Never Changes

39 minutes ago

Today’s guest carries out an incredibly important role representing the whole London Market in the UK’s corridors of power.

That means looking out for a market that wrote over $100bn in core gross written premium and controlled just under $160bn in all in 2022, increasing its global market share to over 8 per cent.

That also means representing a market that now employs some 60,000 people and produces two percent of UK GDP and eight-and-a-half percent of London’s GDP.

Caroline Wagstaff, CEO of the London Market Group, was born to do a job like this.

She’s passionate and very difficult to say no to, but she’s also a great communicator and is very good at reading a room and understanding a collective mood.

The London Market Group (or the LMG) allows Lloyd’s, Liiba, the IUA and the LMA to speak with one voice on broad London Market-related topics and in this Episode we dissect the LMG’s latest London Matters Report and catch up with what is now top of the LMG’s busy agenda.

The Report is an essential companion to this episode and there will be a link to it in the Notes – I highly recommend a read – it isn’t long and is packed full of very useful facts about the London market’s place in the global risk ecosystem, as a well as its direction of travel.

Caroline is on excellent form in this discussion and the podcast is crackling with energy.

I for one am extremely glad that we have been able to get someone of her calibre to represent us as an industry.

London has been doing relatively well of late but listening back to this recording it’s clear that there is zero complacency at the LMG.

It’s clear that Caroline is not going to rest until the UK government and regulators are working harder to make it do even better.

NOTES:
The Latest London Matters report can be found here: https://lmg.london/wp-content/uploads/2024/05/London-Matters-2024-Data-Pack.pdf

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