Operations/tech
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The risk modeller has been fending off Senator Investment and Cannae Holdings since their initial $5.2bn takeover proposal in June.
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The Corporation has told UK-based employees to work from home with exception of a few essential roles. -
It is not clear why the 12th floor thought this syndicate was accretive to the broader market.
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It will serve as the parent company for Oxford Insurance Brokers.
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The hire comes amid other promotions, including that of Sophie Lancaster, who has been named executive director.
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Carriers expect only marginal gains and remain concerned that the UK overhaul will jeopardise equivalence.
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The change comes ahead of the renewal in December of the Willis Towers Watson-brokered cover.
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She has led the business line since 2015 and will be replaced by Michael Furtschegger on an interim basis.
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Working with the Insurance Museum, the report highlights both the positive and negative aspects of the industry’s past.
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If the syndicate does indeed go into run-off, it will be the 11th syndicate to close at Lloyd’s since Advent’s decision to go into run-off in 2018.
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The electric car manufacturer had earlier marketed the policy with an Elon Musk exclusion.
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The Lloyd's (re)insurer will deploy some of the funds to build its US onshore presence.
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