Operations/tech

Analysis of directors’ ages shows a shortage when it comes to the next generation of leaders.

The move comes after the group delayed a strategic process until 2025.

The Oxbow report found that AI use cases span the entire (re)insurance capability model.

While Arch is looking into using AI and robotics to streamline claims, an important focus remains on diversity to build a strong claims culture, said Barbara Rizzi, Chief Claims Officer for Arch Insurance International.

Syndicate 3123’s opening is “the largest-ever launch of a Names-sponsored syndicate in Lloyd’s”.

The model uses machine learning and daily data to forecast hurricane seasons.

A new cutover date will only be decided once key activities are completed or near completion.

The company will now focus on its better-positioned businesses.

With topco liquidation looming, there are questions for R&Q and the wider market.

The Cut-over Review Committee will review the readiness of the London market.

Self-insurance has taken $25bn more premium out of the market than five years ago.

Latin America and the Caribbean accounted for 4.6% of GWP for Lloyd's in 2023.