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The Corporation’s chairman has suggested that insurers slow to withdraw support for carbon-intensive activities risk “damaging” Lloyd’s reputation. -
11 InsurTechs form the latest line-up for the innovation accelerator programme.
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Arch, Beazley, Dale, Hiscox and Munich Re are among several insurers said to be supporting the scheme, which will see the government serve as "reinsurer".
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Various workstreams for the Sustainable Markets Initiative Insurance Task Force now have about three months to flesh out their frameworks.
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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.
