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Various workstreams for the Sustainable Markets Initiative Insurance Task Force now have about three months to flesh out their frameworks. -
The Corporation said it is making “steady progress” in developing the recovering-from-loss journey for DA claims.
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Apart from a liberal dose of abstract terminology and climate-change jargon, the Corporation’s action plan is suffused with the rhetoric of “support”.
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Lloyd’s report details how the Corporation will support carriers and their clients across the main themes of greener energy, industry and transport.
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The Corporation said it will give firms a "a year or two" to switch to new digital platforms now being built under modernisation plans.
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Many market participants have managed to curtail their admin expense ratio over the last five years, although correlation between GWP and cost-efficiency remains weak.
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The reinsurance broking executive is the first woman to fill the role.
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Syndicate 1902 will write year-one GWP of £45mn and will be managed by Asta.
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Lloyd’s Europe has appointed Bruno van Lierde, Nicole Verheyen and Amélie Breitburd to the board, joining Angela Crawford-Ingle.
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CFO Burkhard Keese said Lloyd’s new investment platform would improve investment results for the market.
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The Canadian pension fund and the ILS fund provide Funds at Lloyd’s capital alongside traditional reinsurers.
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The market must raise its game quickly to deliver on the reboot of PPL 2.0 after it severed ties with tech provider CGI.
