Articles

Insurance

LMA, FOIL welcome Lloyd’s Blueprint One but highlight caveats for success

The success of Lloyd’s Blueprint One will depend on “our ability to innovate and evolve our model” to ensure the market continues to offer outstanding underwriting products and services to our customers,'' according to Sheila Cameron, Lloyd’s Market Association CEO.   1 October 2019

Insurance

Lloyd’s launches Blueprint One to build ‘most advanced’ insurance market in world

Lloyd’s launched its Blueprint One strategy yesterday (September 30) to “create execution certainty through phased delivery” in a bid to “build the most advanced insurance marketplace in the world”.   1 October 2019

Insurance

Hamilton brings Third Point Re's Steve Wilson to build new US reinsurance platform

Bermuda-based Hamilton Insurance Group has appointed Steve Wilson as senior vice president, head of casualty & specialty for its new US reinsurance platform.   1 October 2019

Insurance

Armour Group appoints Yulia Bruskova as group chief risk officer

Bermuda-based Armour Group has appointed Yulia Bruskova as group chief risk officer.   1 October 2019

Insurance

E&S lines premium growth accelerates in response to 'underwhelming' underwriting results: Fitch

According to a new report by Fitch Ratings, the excess and surplus (E&S) lines market in the US grew 15 percent in the first half of 2019 - a trend it says will continue in the near future.   30 September 2019

Insurance

London Market Group shuts down market modernisation programme LM TOM

The board of the London Market Group (LMG) has confirmed that its market modernisation programme, the London Market Target Operating Model (LM TOM), will cease to operate in its current form.   27 September 2019

Insurance

AIG hires senior Argo and Chubb leaders for global specialty business

American International Group (AIG) has appointed two senior leaders in its global specialty business to drive underwriting strategy for aerospace and energy & construction practices.   26 September 2019

Insurance

Scott Hallett appointed to new role of investment director at GRP

Global Risk Partners (GRP) has appointed Scott Hallett to the newly-created role as investment director.   26 September 2019

Insurance

Insurance groups urge delay on IFRS 17 until 2023 as 'significant issues not addressed’

Insurance bodies have called on the International Accounting Standards Board (IASB) to delay the implementation of IFRS 17, the new accounting standard, to 2023, saying a “number of significant issues have not been addressed”.   26 September 2019

Insurance

Satellite technology helps Lloyd’s speed up claims process for nat cat: McKenzie

Satellite imagery technology is a key part of the push at Lloyd’s in using technology to speed up claims payments following natural catastrophe events, according to McKenzie Intelligence Services (MIS).   26 September 2019

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