Ep213 Caroline Wagstaff LMG: A Good Story Never Changes

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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