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Neil Nimmo was CEO and chairman at Lockton International for more than 16 years.
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The protection gap is calling into question the relevance of the insurance industry.
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The trend is expected to be most pronounced in the Middle East, the survey found.
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In 2024, MGA GWP reached approximately $20bn in Europe.
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The executive’s career includes a stint as head of cat for CorSo.
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The LMA urges use of AI for enhanced decision making but concerns remain.
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The investor reported a total shareholder return of £101.2mn for 2024.
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Future claims handlers could be "bionic adjusters” empowered by technology.
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The man is alleged to have conspired with others to falsify LOCs and collateral letters.
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The loss has decreased by 0.3% since the company’s third assessment.
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In Partnership With MarkelInsurers could face a “heightened claims exposure” due to increased regulation scrutiny on the fintech industry, including buy now pay later schemes, AI and crypto, said Nick Rugg, Head of Fintech and Investment Management Insurance for Markel International.
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The PE firm’s Aaron Cohen said full integration of broking assets is crucial.