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A worldwide freezing injunction was issued to Alex and Robert Finch, the former directors of AFL Insurance Brokers, after they were found to have committed fraud.
The panel discussed issues around AI including its deployment, ethical concerns, bias minimisation, decision-making and the role of leadership.
Survey participants said "much work remains post-implementation".
The New Zealand-based carrier has also decreased the upper limit of its catastrophe programme from NZ$934mn to NZ$750mn.

Analysis: Builders and insurers reach standoff on sustainability

At an event that brought together construction insurers, brokers, engineers and developers, delegates discussed an impasse over insuring sustainable development projects.
Lloyd's has set out what London market firms will need to do to transition from decades-old systems to new central services in July next year, in a crucial step of several modernisation milestones to come in 2024.
Despite a return to profitability in marine classes, the market is operating in an increasingly uncertain environment.
The worst-case scenario of a $12bn-$15bn claim looks to have been taken out, but there are lots of complex, vexed negotiations still to come.
As the curtain comes down on the millionth Monte Carlo Rendez-Vous, and the prices in the cafes and restaurants are presumably reset to their customary levels, the conference has again done its main job.
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The Corporation’s chairman said Lloyd’s has “earned the right to grow” and wants to drive competitive progress on ESG goals.
The Duncan Dale-led business has reached an ‘inflection point’ where a large, aligned capital provider is advantageous, executives say.
Hurricane Idalia is a reminder of the new normal cat environment and that reinsurers must continue to ensure they do not pick up attritional losses, the company’s P&C head said.
The chairman stressed that his new start-up will focus on the liability side of the balance sheet not the asset side – in distinction to the hedge fund re model.
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Commercial insurance PPI/CPI trends: A closer look at property, auto and workers’ comp

With Maui wildfire investigations beginning to point the finger at Hawaii Electric, it’s possible the insurance industry will see things play out as they did with PG&E in California, but the smaller scale of local utilities suggests lower potential recovery for insurers.
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The ILS offering is competitively positioned as renewal talks begin

ILS capacity in the form of retained earnings and new inflows is shaping up to meet growing demand for reinsurance and retro coverage.
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Half-year stat reserve analysis: What goes up must come down

Progressive has now reported three consecutive months of adverse development. The Inside P&C Research team takes a closer look.
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ILS rebound among positive supply-side trends in Monte Carlo

The supply-demand dynamics are all pointing in ILS markets’ favour, so long as hurricane season goes quietly.