Operations/tech
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Oliver Bäte told the Financial Times that Wirecard’s collapse was a “symptom of a wider problem”.
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The regulator has said capital management action should “not exceed thresholds of prudency”.
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The Irish broker was founded in 1961 and has around 200 employees writing both commercial and personal insurance.
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The ruling in favour of Spire Healthcare reaffirms legal principles relating to the aggregation of claims.
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The appointment comes after mass resignations in the Latin American team earlier in the year.
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Women at the firm earn 10% less than men in bonus pay, marking an improvement of 21 percentage points compared with last year. -
The Lloyd’s CEO said it was not for business to set the tone on climate, as the Corporation laid out its first ESG report.
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Fellow founder Will Thorne will take over the leadership responsibilities and manage its second fund.
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He replaces long-serving executive Gary Long, who retired earlier in the year.
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The Corporation will guide towards no “new business” in areas like thermal coal-fired power plants and Arctic drilling from 2022 onwards.
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The entity has had a presence in South Africa since 2015 via a binder agreement with Guardrisk Insurance.
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The Charles Taylor chairman will help assess broking, InsurTech and service provider targets as an advisory council member.
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