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Speakers at the London Market Conference clashed over the role of data in innovation. -
The market share for the storm of 3%-5% is below syndicates’ historical average for US wind events.
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Moves to push down London broker commissions highlights the options open to write reinsurance platforms in other markets.
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As a result of the retirements of Nick Ford and Julian Leigh, SA Meacock & Company plans to tender capacity on its Syndicate 727 in the Lloyd’s capacity auctions.
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Matthew Wilson, Matthew Moore, Emma Woolley and David Croom-Johnson have stepped down from the board.
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In the last two days of a consultation on the new iMRC template, the volume of responses surged by more than 2,500, leading to a revised timeline for its launch.
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Lockton said the new program provides full access to London market capacity, estimated to be in excess of $850mn for custody coverage.
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UK insurers have now paid out £1.2bn in final settlements for claims relating to pandemic closures.
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The MGA received regulatory approval for its new London and Dublin companies.
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The InsurTech has launched in the UK after previously setting up shop in France, Germany and the Netherlands.
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Sarah Pritchard, executive director for markets at the FCA, set out the regulators’ moves to improve efficiency and enable innovation at a speech.
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The holding company’s approval from regulators means that Dale Underwriting Partners Syndicate 1729 can migrate from Asta to Dale’s own new managing agency.
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