Insurtech has arrived in commercial and specialty market, says LMA report

Insurtech has arrived in commercial and specialty market, says LMA report

Insurtech has arrived in commercial and specialty market, says LMA report

Insurtech has arrived in the commercial and specialty market after establishing itself first in the personal lines space, according to a new report on insurtech by the Lloyd’s Market Association (LMA), which argues that Lloyd’s businesses reacted faster than their peers in the company market. But the report, which focuses on the Lloyd’s market and was written by Oxbow Partners,…

Berger replaces Galvagni as Swiss Re Corporate Solutions CEO

Berger replaces Galvagni as Swiss Re Corporate Solutions CEO

Berger replaces Galvagni as Swiss Re Corporate Solutions CEO

Swiss Re Corporate Solutions’ CEO Agostino Galvagni has stepped down and will be replaced by Allianz Global Corporate & Specialty’s (AGCS) Andreas Berger. Mr Galvagni’s decision to step down at the end of this year will come as a blow to Swiss Re as it continues its push into the primary market. He has been at Swiss Re Corporate Solutions…

RSA appoints Adrian Sweeney as CUO of UK and international

RSA appoints Adrian Sweeney as CUO of UK and international

RSA appoints Adrian Sweeney as CUO of UK and international

RSA has appointed Adrian Sweeney as chief underwriting officer (CUO) of its UK and international business. He will join RSA at the beginning of next month, having most recently held the role of CUO at Zurich’s commercial business. Since leaving Zurich in August 2017, Mr Sweeney has been consulting with several early-stage insurance businesses. Steve Lewis, CEO UK and International…

Marsh names Alistair Fraser CEO of UK corporate as Grogan takes up key post in Ireland

Marsh names Alistair Fraser CEO of UK corporate as Grogan takes up key post in Ireland

Marsh names Alistair Fraser CEO of UK corporate as Grogan takes up key post in Ireland

Marsh has named Alistair Fraser as CEO of its UK corporate division to replace Joe Grogan, who is taking over as chairman of Marsh Ireland. Both appointments are subject to regulatory approval, with the two men expected to take up their new positions by the end of this year. Marsh’s corporate business provides risk management advice, insurance brokerage and claims…

Lloyd’s back in the black as focus on profit bears fruit

Lloyd’s back in the black as focus on profit bears fruit

Lloyd’s back in the black as focus on profit bears fruit

Lloyd’s has returned a profit of £600m for the first half of this year, after the market’s results were hammered by the spate of disasters in 2017 that led to a yearly underwriting loss of €3.9bn and combined ratio of 114%. The poor 2017 result led to a serious review of the Lloyd’s market, which is forcing many managing agents to…

UK SMEs prioritise GDPR and cyber over Brexit: Zurich

UK SMEs prioritise GDPR and cyber over Brexit: Zurich

UK SMEs prioritise GDPR and cyber over Brexit: Zurich

Smaller UK businesses have pushed Brexit planning to the backburner as they struggle to comply with the General Data Protection Regulation (GDPR) and cyber threats, according to a Zurich survey. The poll of brokers’ dealings with small and medium-sized (SME) clients, revealed that 24% regularly ask them about GDPR compliance and 43% said they have recorded an increase in enquiries…

Lloyd’s issues policy wordings for new Brussels venture

Lloyd’s issues policy wordings for new Brussels venture

Lloyd’s issues policy wordings for new Brussels venture

Lloyd’s has published underwriting documents for its new European insurer ahead of Brexit. The planned launch for Lloyd’s Brussels is January 2019, in time for the renewal season. The policy documents, drafted between the Lloyd’s Market Association (LMA) wordings unit and Lloyd’s’ Brexit and regulatory affairs teams, pave the way for Lloyd’s Brussels to begin writing non-life and facultative reinsurance…

HDI Global appoints life sciences underwriter

HDI Global appoints life sciences underwriter

HDI Global appoints life sciences underwriter

HDI Global has appointed Tanya Patel as underwriter for its life sciences unit. Ms Patel will be responsible for underwriting life science risks including pharmaceuticals, medical products and devices, chemicals and clinical trials. Ms Patel joins HDI Global from RSA, where she worked as a specialist environment impairment liability and casualty assistant underwriter, specifically for chemical risks. Tom Daniels, life…

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