The executive replaces Nancy Bewlay, who has moved to run the reinsurance division.
The regulator is proposing changes to suitability assessments for insurers, incorporating sustainability measures.
The Financial Reporting Council has found evidence where audits of insurers’ financial statements have not been rigorous enough.
The segment recovered after Covid-19 impacts and remedial work at Tokio Marine Kiln.
The commercial insurance CEO said that the industry should act now before the cat market reached a point of implosion.
23 May 2022
Ukraine uncertainties remain despite some loss estimates emerging in Q1 earnings across the Big Four European carriers, while inflation looms on the horizon.
Recent start-ups have recorded annual underwriting losses about 80% of the time, Insurance Insider analysis shows – even after becoming established.
It is understood that the Marsh and Aon Alpha facilities are those with the most exposure to the war in the Ukraine.
Beazley’s pioneering new Syndicate 4321 uses ESG ratings to provide additional capacity for clients, but it will play a broader, strategic role for the carrier.
CEO Kate Markham and CUO Paul Lawrence discuss the biggest changes to the business, including a near 40% reduction in binders exposure and a push to lead more business.
In an interview with this publication, the executive said the broker will consider M&A in its bid to expand.
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