Operations/tech
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Lloyd’s will have no further wiggle room to delay the delivery of Blueprint Two elements this year, but it will depend largely on technology partners.
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The carrier said the move reinforces the importance of Lloyd’s as a platform.
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Datum Consulting has been set up to support commercial insurers, coverholders and brokers on data usage and digitisation.
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The Corporation is granting more flexibility but will keep a closer eye on cat, cyber and delegated authority next year.
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Gallagher has pushed retention and equity awards unusually far down the organisation as it looks to keep the team intact.
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In an interview, group CEO David Walsh and CEO Graeme Newman discussed securing growth, technology and the importance of capital optionality following CFC’s most recent PE buy in.
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To walk away from One Lime Street at this juncture would certainly be a very bold statement on how Lloyd’s is embracing modernisation and its future.
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The Corporation said it will consider using digital platforms as it evolves its thinking on the future of the Lloyd’s underwriting room.
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The CEO is signalling to the market, investors and the rating agencies that Lloyd’s has turned a corner.
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The start-up CEO said the carrier was now “categorically” ready to pursue Names backing as it looks for “significant growth” next year.
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The body said the standards will allow further modernisation of the industry.
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Increasing cat losses, combined with social inflation, put ESG and climate change at top of the mind even as the market sees strong growth, says Guy Carpenter’s John Trace.
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