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The leadership contender is said to be privately critical of the FCA, which has been beset by strikes and delays.
The international and specialty units now contribute almost half the group’s annual income as the firm continues to diversify.
A team within the Lloyd’s, DXC and IUA joint venture is working on the gateway – a pivotal element of the digital solutions for BP2.
Business will be written directly into Syndicate 5623 from 1 January 2023.

Lloyd’s to create DA data strategy amid delay to key BP2 workstream

The Corporation has resequenced a key Blueprint workstream for delegated authority business, as it looks to create a data strategy for DA in Q4.
Swiss Re, Munich Re, Hannover Re and Scor have set out their strategies on inflation, pricing and Ukraine.
The first six months have been characterised by substantial double-digit growth and further improvement in underwriting performance.
Carriers in the class are reassessing risk appetites amid inflation, the Ukraine war and a growing risk of countries defaulting on sovereign debt.
The market is concerned about potential claims from the Hellenic War Risks mutual, which has ships worth around $350mn stuck in the Black Sea.
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Investors are beginning to pull back from writing $50mn+ funding cheques for InsurTechs, according to Zach Powell, general partner at Eos Ventures.
The capital provider believes the time is ripe to take on increased underwriting risk.
InsurTechs with diversified teams and deep-rooted technology are more likely to survive the current funding drought, according to MS&AD Ventures’ Jon Soberg.
As partner at major InsurTech investor Anthemis, Ruth Foxe Blader explained to Insurance Insider why venture capitalists are pumping the brakes on InsurTech funding.
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