London Market
-
The Corporation said it will give firms a "a year or two" to switch to new digital platforms now being built under modernisation plans.
-
The carrier’s global head of hull Mike MacColl resigned from the business earlier this year to join Atrium.
-
The CEO said investors would be "scratching their heads" if hurricanes dragged insurers to a loss.
-
CEO Alex Maloney said the carrier was starting to ‘reap the benefit’ of three years of rate growth.
-
Many market participants have managed to curtail their admin expense ratio over the last five years, although correlation between GWP and cost-efficiency remains weak.
-
Lord Sedwill also served as head of the UK civil service and national security adviser.
-
The firm has lost some of its sheen, and its CEO-elect has key challenges to address, including how to balance its twin-engine retail and big-ticket businesses.
-
The Week in 90 Seconds: Aon and DoJ return to the table; German flooding latest; Aki Hussain profilePlus the latest on UK BI legal wrangling and all the top news from this week.
-
The carrier said on business written since the autumn, cyber claims frequency was 20% lower by policy count.
-
Adrian Furness is to succeed James Reader, who is leaving the business and has ‘no plans to take on another executive role’, the company said.
-
Huge disputes over aggregation of claims and ongoing coverage disputes point to uncertain overall exposures.
-
A number of employees have recently resigned from the carrier as high staff displacement continues in the D&O space.
