Operations/tech
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Sources have indicated that exposure to cat risk and further definition around the need for a syndicate in a box to be accretive are two areas of focus. -
The increased security will allow the established team to write 20% more business over three years.
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Commentary from Beazley and Lancashire also flags challenges on volumes, interest rates and recessionary claims.
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The CEO highlights his company’s ability to protect jobs and salaries and forecasts a diminished role for travel and entertainment.
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Women now hold 29% of leadership roles, while seven firms in the market have all-male board and executive committee teams.
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The incoming CEO plans growth in retro, cat and property per risk as pricing improves.
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Director general Huw Evans calls for a "relationship reset" between the watchdog and insurers after the court hearing.
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The CEO said people were getting “ahead of themselves” to say it was the best market conditions in recent memory.
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Euler Hermes, Coface and Atradius are also participating in the scheme, which has had formal approval from the European Commission.
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Broker facilities offer cover for PPE shipping, media liability and contractors’ plant and equipment.
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The broker returns to Willis after a 17-year absence.
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Charlotte Clark takes over from Hugh Savill, who has been with the ABI since 2005.
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