Daily Digest: Lloyd’s plans to streamline claims scheme, Howden’s revenues rise 19%, WTW launches $50m excess cyber facility

Catch up on the essential news and analysis from the Insurance Day experts

Lloyd’s plans to streamline claims schemeLloyd's has proposed changes that would increase the threshold for involving a second managing agent in a claim. The proposed Lloyd’s Claims Lead Arrangements would increase the threshold for defining a claim as "complex" – and therefore involving a second managing agent –to up to £5m ($6.2m).