Latest News – Page 231
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Allianz Partners names new chief executive
The firm’s focus under its new management will remain on boosting growth, says new boss
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Endsleigh Insurance partners with finance platform on embedded insurance offering
The opportunity for embedded insurance to improve access to mandatory products is significant, says chief executive
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Reinsurers risk misunderstanding secondary perils due to less mature modelling
Professional services firm partner predicts a ‘pretty expensive year’ for the reinsurance sector as secondary perils drive up losses
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Lloyd’s syndicates returned to profit in 2021 – Insurance DataLab
Controlling claims costs and operating expenses will soon become a “key battleground” for the market, says co-founder
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Reinsurance sector needs to invest in cloud-enabled analytics
The reinsurance sector is ‘on the edge of insurtech’, says Acord vice-president
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(Re)insurance sector can no longer ‘waste time’ when it comes to tackling systemic risks – PWC
The (re)insurance sector must explore avenues for tackling systemic risks, says PWC partner
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Holiday Inn hotel chain hit by cyber attack
Hotel chains are often targets for cyberattacks due to the data they hold, says Coalition’s head of insurance
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General insurance firms’ creditworthiness will be hardest hit by inflation – Fitch
The firm’s latest report further highlights that several European markets in addition to non-life could move to a status of ‘deteriorating’
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Insly closes €1.1m bridge round as it continues growth
The insurtech’s global revenues have grown by more than 30% over the past year
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Lloyd’s commercial lines customer experience is like a ‘pig going through a python’
Speaking at CFC’s UK Summit last week, Lloyd’s chairman explains the importance of meeting customer needs digitally
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Axa XL’s chair of the boards set to retire
She has served as chair of Axa XL’s UK entities for the past five years
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PIB Group reveals c-suite reshape with eyes on international expansion
Two of the appointees bring over 40 years of combined experience from broker Aon
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London market still catching up on admin backlog caused by pre-pandemic ‘creaking systems’
London market firms are ‘leaning into the need to move to a digital marketplace’, causing a technology ‘revolution’
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Charles Taylor InsureTech continues InHub rollout as it sets sights on US
Charles Taylor InsureTech will be hitting the states later this year – or in early 2023 – as the firm continues its international rollout of InHub, having successfully launched the product in the UK and Latin America.
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Lloyd’s hosts ceremony to mark the death of HM Queen Elizabeth II
The Lutine Bell was rung a total of three times to mark the royal household’s change
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Earnix and Guidewire team up to accelerate insurer speed to market
The pair hopes to reduce implementation time and costs
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Global insurance broker secures approval for Asta-managed Flux syndicate 1985
The launch aims to increase the $32bn of premium already flowing into Lloyd’s from the broker
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Smaller businesses becoming bigger targets for cyber criminals as claims rise – Coalition
The cyber insurer’s head of claims says small businesses ’often lack resources’
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London market has ‘real opportunity’ to be ‘an innovator’ for climate change transition risks
Brokers, insurers, regulators and markets all have a role to play in supporting the transition to net zero carbon emissions
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Asta and Bermuda-based holding company win ‘in principle’ approval for new Lloyd’s syndicate
The new syndicate will underwrite run-off transactions within the market