The California Climate Insurance Working Group has released 40 state and local policy recommendations focused on reducing damage and improving recovery following a wildfire, extreme heat wave, or flood. The report “Protecting Communities, Preserving Nature, and Building Resiliency; How First-of-Its-Kind …
Lloyd’s announced the appointment of Vicky Carter as deputy chair of Lloyd’s, effective Sept. 1, 2021. Carter has been an elected member of Lloyd’s Council since February 2019 and has worked in the Lloyd’s market for 40 years, starting her …
edical & Commercial International (MCI), the specialist managing general agency, has received “in-principle” approval from Lloyd’s for Syndicate 1902 to underwrite business incepting on or after Jan. 1, 2022. The syndicate will write gross written premium (GWP) of £45 million …
Apollo Syndicate Management, the London-based independent specialist insurer and reinsurer, announced it has been granted in-principle approval from the Council of Lloyd’s to convert Special Purpose Arrangement (SPA) 1971 into a standalone syndicate. The SPA 1971 was launched in January …
TORONTO – Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents. The increase in premiums, about 20% to …
His Royal Highness the Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit today at Lloyd’s. The SMI Insurance Task Force, convened by Prince Charles and chaired by Lloyd’s, is comprised of executives from …
Chaucer, the London-based specialty re/insurance group, announced the launch of a new Belt and Road Consortium at Lloyd’s, which initially will underwrite political violence risks, with future solutions in development for other lines of business. Working with China Re, Chaucer’s …
CFC, the London-based managing general agent, announced that CFC Syndicate 1988 is open for business. In addition to risk capital provided by CFC, the syndicate worked with Aon Capital Advisory to attract third-party capital support including a large pension fund, …
LONDON – How people divide their working hours between home and office should develop naturally over time and not be forced into law, senior financial services industry officials said on Monday. Britain has indicated it may legislate to allow people …
As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual stage again at a midyear conference, recounting industry lessons learned during the 15 months since COVID distancing began. John Neal, chief …
