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This publication revealed that Sharp, who was CUO at ESG-focused start-up Parhelion, had left the firm in November.
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After prolonged talks, a contract has been signed to build digital solutions for accounting, settlement and claims services, marking a milestone for the Blueprint Two reforms.
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Lloyd’s will have no further wiggle room to delay the delivery of Blueprint Two elements this year, but it will depend largely on technology partners.
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The rebrand has been supported by the 25 members of the initiative from the Lloyd’s market.
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The deal was brokered by Gallagher Re.
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Hampden Agencies estimated large losses to be 6.8% of 2021 capacity for its syndicates by the end of Q3, with the majority of losses relating to Hurricane Ida.
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The consortium has been developed by Chaucer, Markel and Munich Re Syndicate, and has a maximum working capacity of $100m per project.
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Syndicates will sometimes baulk at the degree of oversight in Lloyd’s, but it remains a poor signal that a niche player like 1975 would walk away.
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The Lloyd’s investment vehicle has also acquired three more limited-liability vehicles.
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The change in plan comes as Lloyd’s restricts cyber growth.
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The medical malpractice business will use a company market platform to pursue its growth ambitions.
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The body will work to drive the digitisation of the market through standardised data.