Operations/tech
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Lloyd’s and Velonetic are still exploring three options for the latter stages of cutover.
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Some firms are outsourcing their recruitment to tailor for a younger generation.
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We explore the first stages of incorporation of GenAI into insurance, alongside the longer-term potential.
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The partnership will add more capacity on the platform from April.
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The injection will be sufficient to take the platform through its next stage of major development.
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The start of phase one is now slated for October at the earliest, not 1 July.
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Sources believe Lloyd’s may be veering away from central DA systems.
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The syndicate-in-a-box will target £34.1mn in gross premium for 2024.
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Impressive results in 2023 will mean big payouts.
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Brokers face pressure on margins as the market’s firming phase slows
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Velonetic said the transition would not go ahead if questions over readiness remained.
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Plus all the latest executive moves and the top news of the week.
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Pravina Ladva, Swiss Re's group CDTO, sets out experiments the carrier is conducting with generative AI.
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CEO John Neal has ambitions to pull in more major insurers, E&S players and captives.
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The broker has used Whitespace since 2019.
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The company will use MS Amlin to drive international growth.
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The new licence expands the carrier's P&C capabilities in Europe.
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Trading on a data-first approach marks a 'new era of innovation', execs said.
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Price Forbes will become the dominant brand, while international CEO Ferguson will exit the business.
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Asta-managed Syndicate 1966 will target £75mn GWP for 2024.
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Changing work practices do not overshadow basic precepts of good employment.
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The transaction will reduce the firm’s reliance on private debt deals.
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