Insurers

In 2024, MGA GWP reached approximately $20bn in Europe.

The executive’s career includes a stint as head of cat for CorSo.

The association said privacy should be a key consideration in new requirements.

Future claims handlers could be "bionic adjusters” empowered by technology.

The London market is not expected to shoulder the bulk of the eventual loss.

The new Lloyd’s chief of market performance also outlined target growth areas.

Insurers could face a “heightened claims exposure” due to increased regulation scrutiny on the fintech industry, including buy now pay later schemes, AI and crypto, said Nick Rugg, Head of Fintech and Investment Management Insurance for Markel International.

The increased tariff on China trade could drive up the loss quantum on the SharkNinja recall and others.

Jim Meakins is the latest in a slew of talent to exit from the syndicate.

Corporates buying Lloyd’s syndicates face the culture/integration trade-off.

The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.

The executive will remain CEO of reinsurance until 1 September.