Operations/tech

The scheme will begin with support for transport risks before broadening to other lines.

The scale of the Cat 221 flood event, as well as labour and materials shortages, contributed to its impact, the ICA said.

The 3x3 plan takes the things about the firm over the last decade that have been distinctive and intensifies them.

The broker’s share price fell by around 4% after the announcement of its Q3 results and extended restructuring program.

The not-for-profit placement platform generated a surplus after tax of £1.48mn for 2022, a substantial drop from an £8.83mn surplus in 2021.

Two studies have found that, while almost a third of back-up attempts fail to restore system data after a ransomware attack, cybercriminals are refining their methods.

The reinsurer said carriers could face challenges around underwriting profits and solvency levels.

The firm announced plans in May to decommission the original PPL v3 platform by the end of 2023.

The panel discussed issues around AI including its deployment, ethical concerns, bias minimisation, decision-making and the role of leadership.

The 2023 Travelers Risk Index has put concern over cyber threats among the top three worries for small, medium-sized and large businesses for the ninth straight year.

Lloyd's has set out what London market firms will need to do to transition from decades-old systems to new central services in July next year, in a crucial step of several modernisation milestones to come in 2024.

PPL has confirmed a previously announced deadline that London firms must switch over to its Next Gen placement by 1 October.