Operations/tech

The launch date for PPL’s Next Gen platform has been delayed to 6 March, as the team at Deloitte fix some final defects.

The Lloyd’s carrier’s CEO said the market must now ‘climb out of the rehabilitation phase’.

The member joined the board in August 2022, two and a half years after ending his activist campaign against the carrier’s management.

With PPL just two weeks from launching its twice-delayed Next Gen placing platform, new CEO Joe Gordon has stressed the importance of a migration this year to a completely rebuilt system and its potential as a rich data hub for the market.

It is understood that Lyons has been set to retire from the company in the summer of 2023.

CEO Sheila Cameron has called for “sharp focus” on market transformation.

The French carrier has replaced Laurent Rousseau with Swiss Re’s Thierry Léger - midway through a remedial journey. Can a third CEO in two years resolve the carrier’s issues?

The charges spanned workforce actions, rationalizing technology and reducing the overall real estate footprint.

The association showed strong leadership and innovative thinking to increase the number of women on its panel without sacrificing fairness.

The non-profit initiative will broaden to include cyber and casualty after successful tests on property reinsurance placements.

As a decline in InsurTech investment continues and risk capacity providers reconsider their support, sources expect many InsurTech MGAs will have to review and potentially pivot their business models.

After two delays, the placement platform will be launched on 20 February.