Operations/tech

The broker described Neuron as an end-to-end trading solution that connects multiple broker and insurer systems together, enabling risks to flow at scale and with common data standards.

Nick Williams-Walker, COO of Gallagher’s Specialty division, will chair the group as it looks to advance the market’s adoption of foundational elements of the Lloyd’s Blueprint Two programme.

Insurance Insider analysis shows which managing agents stand to gain – or lose – the most ground floor space.

The insurer is progressing talks to establish a partnership to combine Artificial Labs’ algorithmic trading capabilities with Apollo’s underwriting expertise within Lloyd’s.

Capitola operates as a digital market that connects brokers with carriers using AI for risk-appetite matching.

Apollo plans to deploy meaningful lead capacity through the consortium which will be led by Syndicate 1971, as revealed by Insurance Insider.

The facility would largely involve Lloyd’s companies but Apollo confirmed it could potentially include London company market firms on a reinsurance or sidecar basis.

The wholesaler had already paid out a cumulative $2.1bn of dividends to investors since 2018.

The Next Gen platform has opened to placements for the entire market after four weeks of limited access, as firms completed training on the new solution.

Brokers must begin producing MRC v3 compliant contracts by 30 September.

The London-listed carrier has made several changes to its remuneration policy.

CEO John Neal and CFO Burkhard Keese retained their salary levels from 2021 during 2022, though their performance bonuses increased significantly, as Lloyd’s made one-off payments to staff to reflect cost-of-living pressures.