Operations/tech
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The carrier’s president Andrew McMellin is aiming to double London market share in the next five years.
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The carrier said the cuts will help it to become a “simpler, digital-led business”.
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The protection gap is calling into question the relevance of the insurance industry.
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The deal marks SFMI’s third investment in the group since 2019.
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Case added that recently acquired broker NFP has “exceeded” expectations.
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Future claims handlers could be "bionic adjusters” empowered by technology.
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In Partnership With MarkelInsurers could face a “heightened claims exposure” due to increased regulation scrutiny on the fintech industry, including buy now pay later schemes, AI and crypto, said Nick Rugg, Head of Fintech and Investment Management Insurance for Markel International.
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Corporates buying Lloyd’s syndicates face the culture/integration trade-off.
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Analysts were interested in the potential for fee income from the retail division.
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The executive set out his vision for the Corporation after assuming leadership.
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