Operations/tech
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A gathering of London market executives discussed how to meaningfully tackle black underrepresentation in (re)insurance and how to increase the pace of change.
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The international insurance CEO criticises the industry’s “unhealthy obsession” with market cycles but says London has a bright future. -
Existing shareholders in the business include Swiss Re.
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The product provides hull, equipment and cargo cover up to £1.5mn, up to £50mn in public liability and “beyond visual line of sight” cover.
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A memo circulated to brokers indicates the extent of the hardening underway in the London D&O market.
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Corporation employees will be urged to work from home unless they can’t, or it is affecting their wellbeing.
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Marine liability class underwriter Andreas Muller has also been put under consultation as Syndicate 1200 continues a strategic review.
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The CEO stands by the Corporation’s recent decision to impose gender leadership quotas on the market.
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The broking chairman says the modernisation programme will not disintermediate brokers providing true value.
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Nicholas Hughes will become retro head, while Guy Hengesbaugh and Aaron Coates join as underwriters.
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Arch Underwriting at Lloyd’s and Barbican Managing Agency have been brought together.
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Susan Cross becomes an independent director and will serve on the company’s audit and risk committees.
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