Lloyd’s

Ian Summers has set out AdvantageGo’s plans to manage clients’ eco-systems of technology suppliers on their behalf, and to collaborate with competitors on the Blueprint Two programme.

The business is lead by former Barbican group CEO David Reeves.

As a coverholder, Trawick now has access to Lloyd’s financial security and premier ratings.

The executive replaces Dominic Christian, who is stepping down from the Council after nine years.

Will Roscoe, who has managed the Smart Tracker since 2019, has been named active underwriter.

The Corporation is signalling that it wants to be as responsive as possible to allow syndicates to manoeuvre – but will it merely float with the tide of inflation or can growth take off?

Some syndicates have access to capital to allow them to pursue net growth, but others may be more vulnerable.

Actions would include skilled person reviews enforced by Lloyd’s, requirement to submit a contingent run-off plan, limiting how much a syndicate can write or restricting on who it can hire.

Top-line premium at Lloyd’s is set to hit £56bn in 2023, up 14% on higher inflation.

After an annual update from Lloyd’s CEO John Neal on the progress of Blueprint Two, Insurance Insider delves into the delays and what was actually delivered.

The new MRC v3, renamed from the iMRC, will be ready by Q1 next year along with the latest version of the core data record.

Lloyd’s today confirmed that total spending on the Blueprint Two modernisation programme is still forecast to be £300mn, despite a three-to-six-month delay in delivery.