All News articles – Page 78
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NewsLloyd’s of London ‘won’t tolerate loss-making syndicates’
Lloyd’s of London has revealed that 15% of its syndicates are currently underperforming, according to the market’s chief financial officer Burkhard Keese.
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NewsConcirrus unveils new IoT platform for commercial insurance market
Insurtech, Concirrus has launched a new Internet of Things (IoT) platform for the commercial insurance market.
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NewsMarkel opens Paris branch to support SMEs in the French market
Markel Corporation has opened a new branch office in Paris to support SMEs in the French market.
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NewsLloyd’s Market Association boosts board by six
Each new hire brings expertise across a broad range of disciplines such as digital trading, underwriting leadership, strategy, corporate development, data analysis and syndicate management.
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NewsUK executives most concerned about technology disruption risks in 2021 – Beazley
Specialist insurer Beazley has revealed the UK is more concerned about technology disruption risk than the US.
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NewsLloyd’s bounces back from 2020 loss with £1.4bn profit before tax for H1 2021
Lloyd’s of London has bounced back from last year’s Covid-induced losses, reporting an aggregated profit before tax of £1.4bn for the first half of 2021, compared to a loss of £0.4bn in H1 of 2020.
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NewsDavies set to buy Lloyd’s managing agent
Claims organisation Davies has today (8 September 2021) announced the acquisition of third party Lloyd’s managing agency Asta, subject to regulatory approval.
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NewsClimate crisis to fuel rapid insurance growth - sigma
Climate-related risks are expected to result in a 22% increase in global property premiums, or up to $183 billion, over the next 20 years
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NewsLloyd’s: Insurers must address emerging geopolitical risks
New report calls for innovation around insurance for geopolitical risks to address the “significant protection gap”
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NewsSustainability: Time to invest in biodiversity
Nature-based solutions can help organisations achieve greater resilience in the face of a changing climate
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NewsIda claims could reach $35 billion - RMS
Losses reflect property damage and business interruption to commercial, industrial, infrastructure and marine cargo among other classes of business
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People & OpinionPen Underwriting appoints newly created head of technology role from Hiscox
Multi-class MGA Pen Underwriting has appointed former Hiscox staffer Tom Dixon in the newly created role of head of technology, effective from 23 September 2021, in line with its plans to diversify into new niche market segments.
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NewsHurricane Ida devastation continues
Deadly flash floods have left a trail of further devastation, with energy and chemical sectors among those exposed to supply chain disruption
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NewsNew Dawn Risk ‘strongly positioned’ to grow after hiring industry veteran
International specialty insurance broker New Dawn Risk Group is “strongly positioned” to become an influential participant in the specialty liability market, according to its chief executive Max Carter.
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NewsInsurer M&A dips in 1H 2021 - Clyde & Co
UK leads consolidation activity in Europe and is second most active worldwide behind the US, ahead of Spain and Germany
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NewsInsurers must attract talent from outside the industry
Sector must work harder to engage talent with a focus on ‘future gazing’ and a more digitised era
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NewsInsurers lack ‘meaningful change’ around D&I
The Dive In 2021 festival will reveal a ‘big pool of talent that people don’t realise they are not tapping’, explains sister title Insurance Times
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NewsCOVID prompts supply chain ‘overhaul’
Automotive industry has taken the strongest hit as a result of production stoppages and trade restrictions - EIU
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NewsCVC funds complete acquisition of RiverStone Europe and appoints Preben Prebensen as Chair
Industry veteran Nick Packer will also join the Board of the business, which will now be known as RiverStone International
