Operations/tech

UK-based Flock has been working on a partnership with the Japanese carrier’s UK arm to create insurance products that reward fleet drivers for safer driving.

Kessler and Derez will each get something they want from the deal, which will also clean the slate for incoming CEO Rousseau.

Lloyd’s CEO John Neal has said the prospects of climate change could present the industry with its greatest “underwriting and investment opportunity” in a generation, but cautioned that it would require a commitment by the industry to be both “smart and brave”.

A settlement allows the mutual an “orderly exit” from the reinsurer’s share capital and removes a major distraction from incoming Scor CEO Laurent Rousseau.

The reinsurer warned of some of the associated risks arising from Covid-19, such as the "unintended consequences" of government interventions.

Many of the individual causes championed by CEOs are positive, but there are good reasons to separate the political and business spheres.

Axa has been amongst the insurers pushing for financial institutions to assess emerging nature-related risks and opportunities.

The recruit has spent 16 years at AGCS in senior roles.

The covered agreement provisions will ease the flow of US business into London.

The new logo and slogan follow a year of progress in the carrier’s turnaround plan.

The French reinsurer unveiled a surprise change to its succession plan yesterday, with Denis Kessler set to stand down as executive leader early.

Downstream uses of oil and gas pose challenges for the (re)insurance industry, he says.