Before joining Lockton Re, Veau spent 22 years at Aon, where she played a central role in the Strategic Advisory arm of the Capital Advisory team. Her focus included optimizing capital structures, navigating regulatory complexities, and advising on rating agency processes.
This marks the second rollout under a collaboration aimed at integrating Blink Parametric solutions within Zurich’s Asia-Pacific network, which includes Singapore, Malaysia, Hong Kong, Japan, and Indonesia. The initial deployment earlier this year was with Singapore-based online travel platform Klook.
Dr. Ann Irvine (pictured left), Resilience’s chief data scientist, anticipates a major cyber incident involving an obscure company in the coming year. “In 2025, the biggest cyber incident will involve a company that most people haven’t even heard of before, and the impact will be devastating to a small group of companies – just like we saw with CDK Global this past summer,” she stated. This prediction underscores the ripple effects smaller, less-visible organisations can have on broader networks and industries.
The new AI capabilities leverage large language models (LLMs) and generative AI technology to improve actuarial modelling processes. According to WTW, the enhancements streamline tasks such as writing model code, refining and extending existing code, and explaining actuarial concepts, enabling insurers to improve efficiency in model development and maintenance.
The report underscored the economic impact of major cyber events, citing examples like the NotPetya malware attack, which caused US$10 billion in damages across multiple continents. It also highlighted gaps in preparedness: more than a third of businesses surveyed lack incident response plans, and nearly half do not have cyber insurance coverage.
The report, based on research and client engagement, aims to help organisations prepare for evolving challenges in the year ahead. It identifies several critical focus areas for 2025, including workplace trends, regulatory compliance, disaster recovery, technological advancements, and business continuity planning.
Group chief executive officer Andreas Berger (pictured above) highlighted the steps taken in 2024 to strengthen the company’s position, including adjustments to property and casualty (P&C) reserves, progress on exiting the iptiQ business, and alignment of fee-generating activities across the Group.
“In the last few years, we have seen Rokstone steam ahead of their competitors, so I am incredibly excited to now be part of the team. Rokstone has a business model that works – attract talent, give them the resources and backing they need and the autonomy to thrive. And the D&F team is certainly thriving, writing business on multiple papers, in every territory and across every occupancy,” Hogarth said.
The Technical & Strategic Services division, on the other hand, supports global underwriting in short tail lines by providing analytical tools, processes, and portfolio management strategies. Its functions include natural hazard assessments, pricing development, and the implementation of underwriting value chain improvements.
The new appointments are William Magowan, senior vice president of North American sales; Elodie Hilderal, managing director of EMEA, and Christian Erickson, managing director of APAC. The leaders will advance Duck Creek’s global strategy of expanding its market presence and enhancing customer experiences worldwide.
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