Operations/tech

The disruption of the Aon-Willis deal breakdown could arguably create almost as much of a shake-up of the competitive landscape amongst the second-tier challenger brokers as it will for the two would-be merger partners themselves.

The division will employ 60 data scientist and analysis employees to serve the group’s global customer base.

Accenture Ventures’ backing of Imburse will drive the platform’s expansion – nurtured by Generali’s innovation hub – of partnerships with global insurers.

The Lloyd’s Market Association has finished a six-month project to create a digitally enabled, data-driven and cheaper model for delegated authority partnerships.

UK-based Flock has been working on a partnership with the Japanese carrier’s UK arm to create insurance products that reward fleet drivers for safer driving.

Kessler and Derez will each get something they want from the deal, which will also clean the slate for incoming CEO Rousseau.

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”.

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.

The reinsurer warned of some of the associated risks arising from Covid-19, such as the "unintended consequences" of government interventions.

Many of the individual causes championed by CEOs are positive, but there are good reasons to separate the political and business spheres.

Axa has been amongst the insurers pushing for financial institutions to assess emerging nature-related risks and opportunities.

The recruit has spent 16 years at AGCS in senior roles.