Insurance Business UK

🚀 Ready to shape the future of insurance? Join us for the 7th Annual Women in Insurance Summit UK, where we empower women and allies to drive positive change in the industry! Don’t miss out on unparalleled networking, insightful workshops, and inspiring discussions. Register here: https://hubs.la/Q02LBc3Y0 #IBWomenInInsurance #Insurance #WomenInInsurance #InsuranceIndustry

Lancashire Holdings has reported significant premium growth, fueled by property and specialty reinsurance gains, and declared a special dividend of 75 cents per share. With resilient investment performance, CEO Alex Maloney emphasized the company’s progress in achieving 2024 return-on-equity goals. https://hubs.la/Q02X4_9z0

Hood Group Limited has finalized a management buy-out (MBO), backed by Connection Capital LLP, to fuel growth in direct and B2B insurance distribution. CEO Simon Hood highlighted the importance of this investment, which allows the group to acquire silent shareholders and invest in new sectors while enhancing services for partners and clients. https://hubs.la/Q02X4ZJg0

At the 2024 Insurance Innovators Summit in London, AXA UK&I CEO Tara Foley and Aviva Canada CEO Jason Storah highlighted the insurance industry's crucial role in guiding society through evolving risks. Foley emphasized insurance’s broad impact: “We manage risk. What affects risk? Everything.” https://hubs.la/Q02X4WYp0

Applied Systems is revolutionizing insurance operations through its AI Lab, developing tools like email summarisation and document extraction to cut workloads and enhance service quality. Anupam Gupta, chief product officer, highlights how these innovations streamline processes, while Elad Tsur, chief AI officer, emphasizes AI's future role in the industry. The AI Lab's collaborative approach enhances user experience without replacing human decision-making. Learn more about how Applied’s AI tools can help your brokerage today! https://hubs.la/Q02X54N10 #AIinInsurance #TechInnovation #EfficiencyBoost #InsuranceIndustry

Lloyd's has appointed Nathan Adams as its chief people officer, effective early next year. Adams will join Lloyd’s Executive Committee and report directly to CEO John Neal. https://hubs.la/Q02WYlh50

🚨 24 Hours to Go! The #IBWomenInInsuranceUK is happening tomorrow, and it’s not too late to join us! Don’t miss out on the opportunity to connect with inspiring leaders, gain valuable insights, and empower your career in the insurance industry. Register now and be part of this transformative event! https://hubs.la/Q02T07sS0

HDI Global SE has appointed Melanie Windirsch as its new head of international programs (IP), effective November 1, 2024. https://hubs.la/Q02WNy-q0

Aon has appointed Simon Clapham as chief underwriting officer for Aon Underwriting Managers (AUM), a role in which he will report directly to James de Labillière, managing director of AUM. https://hubs.la/Q02WNxYc0

Sun Life Financial posted impressive gains in Q3 2024, with underlying net income reaching CA$1.02 billion and reported net income for common shareholders hitting CA$1.35 billion. CEO Kevin Strain emphasized the results reflect Sun Life's commitment to clients' financial security and health, with Canada, the US, and Asia showing growth in underlying net income. https://hubs.la/Q02WYjYX0