The Lloyd’s CEO told Insurance Insider’s (Re)Connect conference that carriers will need to measure progress and disclose activities at a customer level during the transition to net zero.
The cat risk modeller’s estimate is well ahead of KCC’s $18bn, as RMS said infrastructure in the states impacted by Ida have “never experienced such a strong hurricane wind intensity”.
Speaking at this morning’s opening session for Insurance Insider’s (Re)Connect conference, Patrick Tiernan, chief of markets at Lloyd’s, reiterated the Corporation’s expectations over business plans.
While some Lloyd’s stakeholders are frustrated by the lack of visibility on Blueprint Two reforms, the Corporation is poised to up the ante on engagement on timeframes.
