News
Climate change is the ‘biggest single investment opportunity’ for sector – Lloyd’s John Neal
Climate change is not a threat - instead it is the “biggest single investment opportunity” for the insurance sector in this lifetime, according to Lloyd’s of London’s chief executive John Neal.
As Tesla takes the plunge, wary insurers watch crypto craze from the sidelines
If Elon Musk’s Tesla wanted to insure all of its recent $1.5 billion bitcoin investment against the myriad of pitfalls it could encounter, like hacks, theft and fraud, it would be out of luck.
U.S. rolls out first update to flood insurance pricing in 50 years
The agency said that, over the coming year, it will phase in a price-setting method that marks an epochal shift in the National Flood Insurance Program (NFIP), which was set up in 1968 to cover property in flood-prone areas.
AXA XL appoints Sundeep Khera Head of Marine, UK and Lloyd’s market and Global Head of Hull
Mr. Khera is currently Head of Marine, Asia-Pacific, at AXA XL, based in Singapore. In his new roles, he will be responsible for driving strategic, profitable expansion across the UK & Lloyd’s region and the division’s Global Hull books of business.
Class of 2020-21 start-ups propel Abir to record membership
Conduit Reinsurance, Canopius Reinsurance and Mosaic Insurance are the newest members of Abir, expanding the organisation’s membership to 29, the highest total in its 28-year history.
Varney Re launches in Bermuda
The Bermudian-based reinsurer has been launched by Varney Insurance Agency, a family-run business based in Maine that serves clients and retail brokers across North America, including Puerto Rico to Canada.
Failing to prepare for emerging risks has led to ‘resilience death’ – Marsh
Business models pre-coronavirus were too focused on efficiency and growth, leading to a “resilience death” when companies were then faced with new and emerging risks, such as Covid-19
Why more data is not always better – InsTech London
More data is not always better, InsTech London has warned in its latest report on location intelligence.
What does the UK’s economic rollercoaster means for the property market – Tokio Marine HCC
After what has been a year like no other for the property market, many insurers, brokers and clients will be questioning what challenges the year ahead will bring, Tokio Marine HCC’s underwriting manager Marc Brewer reviews the latest government initiatives and the being risks faced, read more in Insurance Times’s ...
Lloyd’s accentuates the positives despite cloud of Covid-19
Although Covid-19 payouts blew a £6bn hole in Lloyd’s of London’s reported 2020 performance, the market’s chief executive John Neal emphasised that below the surface, progress was continuing.