ldoherty

“A huge congratulations to our new partners. It has been a privilege witnessing their growth and progression over the years. At Kennedys, our people are our greatest competitive advantage, and [the] promotions underscore the breadth and depth of our talent. As they begin their new roles, they will each play an instrumental part in further strengthening our global reach, enhancing the value we deliver to clients, and shaping the path forward as we continue to navigate the evolving demands of business,” she said.

Source

• Provides third-party liability coverage for property damage, bodily injury, or accidents caused by drone operations.

Regulatory compliance and risk mitigation

As well as coverage, regulatory compliance is essential for drone users.

Speaking on regulation, Jackson said: “We would suggest ensuring that clients comply with the regulations set by aviation authorities such as the Civil Aviation Authority (CAA) in the UK, the Federal Aviation Administration (FAA) in the US, or other relevant bodies. These regulations cover aspects such as drone registration, pilot certification, operational limitations, and safety requirements.”

Jackson also warned that clients should be strongly advised to take up essential coverage:
“Many jurisdictions mandate specific insurance coverage for drone operations. For example, in the UK, drone insurance must comply with EC 785/2004, which sets out requirements for third-party liability insurance for aircraft, including drones.”

Source

The appointments underscore TMHCC’s broader ambition to grow its specialty lines presence across international markets. Headquartered in Houston, Texas, TMHCC is part of the Tokio Marine Group — a global insurer established in 1879 and listed with a market capitalisation of $70 billion as of December 2024. TMHCC operates across the US, UK, continental Europe and Mexico, with strong financial backing. Its insurance entities hold high-grade ratings including ‘A++’ from AM Best, ‘A+’ from S&P Global Ratings and ‘AA-’ from Fitch.

Source

The ransomware-style attack, suspected to be the work of the Scattered Spider group, appears to have targeted critical backend servers, possibly compromising authentication files and deploying encryptors to lock virtual machines. Though details remain scarce, the incident may have originated months earlier, highlighting the often undetected gestation period of such breaches.

Source

• Boeing addressed fallout from the 737 Max crashes.
• Epic Games settled allegations related to children’s privacy.
• General Motors paid penalties for vehicle defects but maintained market presence.

“Interestingly, some of these companies – such as Johnson & Johnson, Herbalife, and Monsanto – reached their highest stock price sometime after the scandal broke out, suggesting that they managed to fully overcome the setback,” vpnMentor said.

Source

Tye co-founded Carbon in 2018 with Ferrier and Laidlaw, with the aim to reimagine delegated underwriting through technology, data and a collaborative culture. Under Tye’s leadership, Carbon developed its proprietary data ecosystem, Graphene, and established itself as a Lloyd’s Syndicate-in-a-Box via Asta in 2020, later transitioning to full syndicate status in 2023.

Source

In 2024 alone, 1,580 professionals completed our MGA Assess web-based learning system, underscoring the industry’s commitment to continuous professional development. This commitment is vital in ensuring that MGAs remain at the forefront of underwriting expertise, regulatory compliance, and customer-focused service. Chartered status formalises this dedication, signalling to clients and partners that an MGA operates at the highest level of professional and ethical standards.

Source

Oliver Slaney (pictured), operations manager and underwriter at Pulse Insurance, believes now is the time to give customers tailored insurance that meets their evolving expectations: “Customisation is key, customer appetites and expectations have changed with OnDemand TV, next day deliveries on packages – clients want the option to pick and choose add-ons and levels of cover depending on their needs for travel insurance, and insurers will need to adapt to be able to present offerings which meet these needs. There is a lot of competition in the travel insurance world, so being able to offer slightly nuanced benefits or perks is key, and customers want to feel that they are tailored to.”

Source

Elected from the majority list were Andrea Sironi, as independent chair; Clemente Rebecchini; Philippe Donnet (pictured above), as chief executive officer; Luisa Torchia; Lorenzo Pellicioli; Clara Furse; Antonella Mei-Pochtler; Patricia Estany Puig; Umberto Malesci; and Alessia Falsarone. From the VM2006 list, Flavio Cattaneo, Marina Brogi and Fabrizio Palermo were elected.

Source

The analogy he often uses is that while a composite is like a very high-quality Lego set which comes with a certain set, shape and colour of bricks, an MGA is like having access to everybody’s sets of Lego bricks. With that comes the ability to establish creative solutions using different colours, structures and shapes, he said, and while these don’t come with an instruction manual, they do allow you to build a truly tailored solution. “And that is freeing but it is also challenging because it requires real consideration, every day, of the complexity of the value chain.”

Source