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The new Sompo Light Vortex will work with data analytics company Palantir.
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Lloyd’s CEO John Neal has said the prospects of climate change could present the industry with its greatest “underwriting and investment opportunity” in a generation, but cautioned that it would require a commitment by the industry to be both “smart and brave”.
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A settlement allows the mutual an “orderly exit” from the reinsurer’s share capital and removes a major distraction from incoming Scor CEO Laurent Rousseau.
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Panellists said that improved data around aggregations could attract new cyber reinsurance players.
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Lloyd’s new chief of markets today unveiled an even tougher approach to syndicates with consistently poor results.
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The carriers insuring VW’s D&O policies have agreed to pay out claims due to damage inflicted by previous executives in the emissions scandal.
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James Cook, Steve Leeming and Lewis Coward move to the expansive broker, with Libby Snow also to join from AJ Gallagher.
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Aylward will lead the growth of the newly structured division, which will focus on the US market.
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The Malta-based start-up buys Isle of Man-based VA Insurance Services from Thomas Cook, which is in liquidation.
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Jenner has more than 30 years' experience in the energy market and was formerly an executive director at Howden Specialty.
