Integration process of Lloyd’s European network completed
Lloyd’s Italian Branch successfully transferred to Lloyd’s Insurance Company (Lloyd’s Europe), concluding all European integration after the post-Brexit move to consolidate Lloyd’s European Business. The insurance and reinsurance subsidiary is based in Brussels. Lloyds also announced a new fee to charge for services provided to distributors by the Lloyd’s Italian office from 1st November 2022. Read more
Global cyber insurance pricing increases, outpacing other products: Marsh
In global terms, Cyber Insurance pricing increased by 53% in Q3, whilst Property and Casualty increased by 6% and 4%, respectively. In Europe, pricing increased by 40%, as new capacity entered the market. Read more.
ICMIF launches new insurance sustainability impact quantification tool
First of its kind: developed by the Swiss Re Institute, the International Cooperative and Mutual Insurance Federation (ICMIF) has launched a tool to quantify the insurance sustainability impact against the Insurance Sustainable Development Goals (iSDGs). ICMIF’s Chief Executive, Shaun Tarbuck, says that this tool “will help usher a new era of impact underwriting.” Read more.
QBE rearranges executive management board
Ceri Stokoe and Nathan Fuller are being promoted to the insurer’s international executive management board, subject to regulatory approval. Ceri Stokoe will take responsibility for IT Strategy and Change Transformation Officer for European Operations. Nathan Fuller will be Chief Operations Officer, International, and will be responsible for international underwriting operations for insurance and reinsurance as well as corporate real estate solutions, health & safety, procurement, and risk and resilience. Read more.
