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Former AFL owners Bob and Alec Finch found guilty of fraud
The former owners of AFL Insurance Brokers have been ordered to pay damages totalling £6.1mn after being found guilty of fraud and of breaching director duties.
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The broker has partnered with maritime data firm Clearwater Dynamics to provide advanced vessel-tracking solutions.
Panellists at the Dive In Festival explored the link between innovation and inclusion and why it's important to them as leaders in their respective fields.
He will be responsible for oversight of all aspects of the practice and leading the firm's growth in the market.
The executive will oversee all aspects of managing direct insurance operations at the business.
Opinion
Opinion
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Could Ardonagh become the White Mountains of broking?
Adam McNestrie
Analysis: Lloyd's marks 1 July 2024 as critical date in Blueprint Two timeline
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.
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Analysis: Builders and insurers reach standoff on sustainability
27 September 2023 -
Hiscox set to sell DirectAsia to Ignite Thailand
27 September 2023
Analysis
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.
More News
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Travelers’ latest Risk Index finds cyber threats still a major concern
26 September 2023 -
UIB confirms Peru expansion via South Re and Jef Corredores de Seguros
26 September 2023 -
ABIR and ABI enter agreement to promote matters of mutual interest
25 September 2023 -
Aon names Nichols as global reinsurance client leader
25 September 2023
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Globe Underwriting takes Liberty’s Clifton for launch into renewables
25 September 2023 -
PRA and FCA launch consultation to boost D&I in financial services
25 September 2023 -
German broker GGW appoints Houilhan and Morgan Stanley for sale
25 September 2023 -
Former Lancashire D&F head Wood lands at Westfield Specialty
25 September 2023 -
AerCap launches new lawsuit against insurers
25 September 2023
Interviews
Interviews
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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From Inside P&C
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.
From Trading Risk
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.
From Inside P&C
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.
From Trading Risk
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.
