Operations/tech

Reinsurers continued to diversify into primary and specialty business.

The unit will support Ascot’s third-party capital business.

The Blueprint Two build is due to be completed in January 2025.

The deal covers US and international business.

Insuring the transition is frequently touted as a major growth opportunity, but when it comes to renewable energy, complications abound. Natural catastrophe, evolving technology, and data scarcity all add to the complexity of underwriting in the class. GCube's Fraser McLachlan has been operating in the renewables sector over several market cycles, and gives his insight on the latest dynamics in the class.

Market-wide testing is not expected to start until late Q4 this year or Q1 2025.

Insurance COOs predict API and Gen AI most likely to deliver future transformation.

Syndicate 5757 will target US programme business.

Sources also named Mark Cloutier as a long-shot potential candidate for the position.

Resulting lowered expenses could feed into Lloyd’s ambitions of building a £100bn premium market.

The operation will be led by Stephen Saunders, with Jawad Ghunaim from AIG as CUO.

Two-thirds of insurance firms have been challenged about their resilience plans by the regulator.