International

Lloyd’s is working “in earnest” on building and delivering prototypes as it revamps how it does business after six radical initiatives met enthusiastic global feedback...

Severe weather in Europe is expected to have caused up to $US2 billion in economic damage, with insurers expecting $US830 million in claims from central Europe, Impact Forecasting’s June catastrophe recap says...

Lloyd’s is keen to explore the potential for smart contracts after a study it undertook suggested the technology could increase efficiency and add value for customers...

Nearly one-third of the 232 large-risk property-related claims FM Global handled last year arose from equipment breakdowns...

The UK’s Financial Conduct Authority will release interim findings from its investigation of pricing practices in home and motor cover before September, followed by a market study by the end of the year...

AM Best has affirmed Lloyd’s credit ratings, reflecting a strong balance sheet and operating performance...

Specialist commercial insurer Markel International has appointed an MD and director for its Asian business, to develop its regional growth strategy...