Operations/tech

The carrier said the move reinforces the importance of Lloyd’s as a platform.

Datum Consulting has been set up to support commercial insurers, coverholders and brokers on data usage and digitisation.

The Corporation is granting more flexibility but will keep a closer eye on cat, cyber and delegated authority next year.

Gallagher has pushed retention and equity awards unusually far down the organisation as it looks to keep the team intact.

In an interview, group CEO David Walsh and CEO Graeme Newman discussed securing growth, technology and the importance of capital optionality following CFC’s most recent PE buy in.

To walk away from One Lime Street at this juncture would certainly be a very bold statement on how Lloyd’s is embracing modernisation and its future.

The Corporation said it will consider using digital platforms as it evolves its thinking on the future of the Lloyd’s underwriting room.

The CEO is signalling to the market, investors and the rating agencies that Lloyd’s has turned a corner.

The start-up CEO said the carrier was now “categorically” ready to pursue Names backing as it looks for “significant growth” next year.

The body said the standards will allow further modernisation of the industry.

Increasing cat losses, combined with social inflation, put ESG and climate change at top of the mind even as the market sees strong growth, says Guy Carpenter’s John Trace.

The PPL board has finally chosen a partner to deliver the NextGen platform, opting for a build option with Deloitte Digital.