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The LMA urges use of AI for enhanced decision making but concerns remain.
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Plus, the latest people moves and all the top news of the week.
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The new Lloyd’s chief of market performance also outlined target growth areas.
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The modeller said the insurance market could be exposed to unexpected aggregations.
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Jim Meakins is the latest in a slew of talent to exit from the syndicate.
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Robert Vetch joined the Lloyd’s business as CFO in 2019.
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Corporates buying Lloyd’s syndicates face the culture/integration trade-off.
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Analysts were interested in the potential for fee income from the retail division.
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Tiernan’s former role of chief of markets will be split into two new exec team positions.
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The driver of growth has shifted from rate to volume, as pricing increases tail off.
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The executive set out his vision for the Corporation after assuming leadership.