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Analysts claimed the relative lack of transparency will allow carriers to earn higher margins for longer. -
A total of 92 organisations responded to the consultation, representing 73% of the risks placed in the London market.
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Lloyd’s CEO John Neal said the Corporation now has ‘breathing space’ to consider improving individual investors’ access to the market.
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In this second of a two-part analysis on the proliferation of ChatGPT and similar generative AI tools, Insurance Insider explores the risks inherent in using them.
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In the latest threat to the NZIA, 23 state AG have warned members that collaboration on decarbonisation targets may not square with federal law.
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Interest in distribution mechanisms such as facilities are seeing something of a resurgence in the regional SME market.
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The Brazilian reinsurer agreed to pay $5mn in compensation to the US Department of Justice to resolve a fraud probe.
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Reforms to the UK listing regime may enhance prospects of an insurance firm opting to IPO in London in future, but several broader problems, including liquidity issues, will also affect such a decision, according to industry sources.
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The executive is the longest-serving CEO in Biba’s 47-year history.
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The ratings agency repeated its expectation that 10% of ratings in the (re)insurance sector will be affected by its new criteria.
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LMG CEO Caroline Wagstaff said the consultation would help the UK government to “hold regulators properly to account”.
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Sean McGovern, chair of the London Market Group, outlined why it is critical for the trade body’s outreach programme to build the market’s talent pipeline and attract data science expertise.
