Operations/tech

Argo’s first bids included an implied firm value of $49.71 per Argo common share and $40 per share in cash, among others.

The launch date for PPL’s Next Gen platform was pushed back as the team fixed final defects.

At the InsurTech Insights Europe event last week, experts explored how AI is on the brink of being commoditised in underwriting.

Broker benefits include the ability to get a quote within seconds and to manage clients’ policies fully, Hiscox said.

The pair will depart as Ron Hayes arrives to drive an acceleration of the specialty unit’s placement strategy.

AdvantageGo has secured agreements with Acord, Verisk, Vipr and Zywave to establish a collaborative ecosystem of London market data and technology vendors, which will help carriers modernise and prepare for the Lloyd’s Blueprint Two programme.

The broker’s London market specialty unit is on the brink of closing a deal with Whitespace to place North American casualty risks on the e-placement platform.

The broker is looking to embrace forms of data integration ahead of the Blueprint Two reforms at Lloyd’s.

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.