Caroline Wagstaff, director at financial public relations firm Luther Pendragon, is most familiar to shipping journalists as the go-to person for enquiries about Norwegian marine insurance giant Gard.

But this year she was named interim chief executive of the London Market Group (LMG), an industry association that represents the city’s Lloyd’s of London and non-Lloyd’s insurance businesses. She will serve in the role until the end of the year.

Some might suggest that the continuing rise of the Nordic marine market, which has seen Gard grow into a $1bn annual turnover marine insurance business, has been at the expense of London.