The deadline for the Reactions London Market Awards has been extended – to Friday, April 1. So far, there has been a surprisingly large range of nominations and votes, with no clear leaders in many of the categories.
Firms, brokers and service providers operating in and catering for the London market are urged to participate as quickly as possible.
With 2011 turning out to be one of the most active cat years in recent history, insurance markets have found themselves under enormous pressure and firmly back in the spotlight. Social unrest in the Middle East coupled with the New Zealand earthquake and the ongoing crisis in Japan have sharply focused attention on rates and business strategies.
Solvency II and the push by the IASB/FASB to harmonise insurance accounting globally are, inter alia, re-writing the rules underpinning insurance business models as well, leading to profound changes – and opportunities – for quick adopters and pro-active service providers.
The London Market Awards are your opportunity to highlight the strengths of your brands, businesses and teams. Last year, over 350 people attended the event, making it one of the most well-attended and prestigious ceremonies in the London market.
This year, Reactions has radically simplified the judging process for the awards. The modifications represent a fundamental change to the overall judging process.
Categories are to be split into two halves – Tier 1 (re/insurer, broker, CEO and personality awards) and Tier 2 (team and service provider awards). Only firms vying for inclusion in the main Tier 1 categories will be required to fill out a nomination form (a PDF of the form can be found below); Tier 2 nominations will only be sourced via the online voting poll. The full list of categories can be seen on the nomination form For the Tier 2 awards, firms are not allowed to self nominate. Therefore, it is more important than usual for firms to receive as many votes as possible via the online voting system this year.
The link to this year's online voting poll can be found here.
The link to the nomination form can be found here.
The list of last year's winners can be found here.
In mid-April, an independent panel of judges from the London market will debate each firm's merits, taking the number of reader votes and the company's entry form into account. The panel will decide on a winner for each category, as well as two other firms to be shortlisted.
The results, announced on Thursday, June 30 at the Grange City Hotel, will give what we believe will be the most credible awards process in the industry.
The winners will not be revealed until the night of the awards presentation, ensuring the ceremony in June will be both the most prestigious and the most exciting awards show in town.
Questions regarding the nominations process should be directed to Hugh Fasken at firstname.lastname@example.org.