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Scor pays tribute as iconic chairman Kessler dies at 71
The long-serving executive turned around the fortunes of the French reinsurer in a two-decade stint as leader.
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Lloyd's chief of markets Patrick Tiernan set out some of the reasons why Lloyd's controversial approach to cyber war segregations could have had a "softer landing".
With the move, the Corporation effectively doubles down on its original stance on cyber war exclusions.
The chief of markets highlighted D&O, political violence and delegated authority as some of several areas of additional focus.
Any capital event is likely to take place following the hurricane season, Reuters reported.
Opinion
Opinion
Asta CEO: Innovation in all guises now essential for Lloyd’s syndicate approval
Lorraine Harfitt also discussed the Funds at Lloyd’s capital squeeze, and the prevailing mindset keeping women from CEO positions in the Lloyd’s market.
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Analysis
RenaissanceRe has said it hopes to retain as much as 90% of the Validus Re portfolio, but where are the highest areas of overlap by cedant?
In this second of a two-part analysis on the proliferation of ChatGPT and similar generative AI tools, Insurance Insider explores the risks inherent in using them.
Amid a wide spectrum of views on the proliferation of ChatGPT in insurance, this first of a two-part analysis explores the use cases of automation, data extraction, fraud detection and more.
London D&F underwriters are seeing rate rises of 15% on average on clean business, while loss-affected accounts are seeing their rates double.
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Atrium names Chaucer’s Fowle as CEO
07 June 2023
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Beazley marine hull and war chief Young resigns
07 June 2023 -
AssuredPartners acquires GM Insurance Brokers
07 June 2023
Interviews
Interviews
Joe Gordon also reiterated plans to switch off PPL’s older Ebix Europe platform later this year, claiming some participants see friction with brokers “when it’s not there”.
The US retailer’s acquisition of the UK MGA and broking group will be mutually beneficial, according to executives.
The broker’s UK CEO said the current rating environment is ‘eminently supportable’ for London carriers.
The fac-focused reinsurance unit expects to expand into treaty over the next year and attract additional talent to boost its operations.
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From Inside P&C
NAIC statutory data reveals highest Q1 industry loss ratio in 20 years
Recently released statutory data shows the US P&C industry loss ratio touching the 65% mark, the highest level in two decades.
From Trading Risk
ILS capital at risk of squeeze in Florida as higher rates draw top-end competition
The reinsurer said in its Q4 earnings call that Argo’s takeover further diversifies its operations and adds a foundational piece to its expanding P&C activity in the US.
From Inside P&C
RenRe + Validus Re: Marrying another version of yourself
As ITC Vegas begins, the Inside P&C Research team explores the discussions needed among InsurTechs to address questions around capital, partnerships, and profitability prospects.
From Insider Engage
Latam Briefing: Renewable energy insurance in Brazil
Insurance brokers and M&A lawyers have reported ever more interest for representation & warranties insurance in Latin America in recent years.
