AS White Global’s Post

𝐋𝐥𝐨𝐲𝐝’𝐬 𝐚𝐧𝐝 𝐁𝐞𝐫𝐦𝐮𝐝𝐚 𝐅𝐨𝐫𝐠𝐞 𝐀𝐥𝐥𝐢𝐚𝐧𝐜𝐞 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 (𝐑𝐞)𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 🤝 Lloyd’s and the Bermuda Monetary Authority (BMA) are teaming up to enhance collaboration in the (re)insurance sector. This initiative aims to leverage expertise from both hubs to foster innovation through programs like the Lloyd’s Lab and improve educational access. Supported by the Association of Bermuda Insurers & Reinsurers (ABIR) and the Lloyd’s Market Association (LMA), the partnership will launch a reinsurance cohort in H1 2025, focusing on tackling global challenges. Training opportunities and resources will be expanded, with Lloyd’s Academy programs and Bermuda-based courses being made available. Leaders from both sides express excitement for the partnership, emphasizing its potential to drive market progress and address evolving needs. #crire #reinsurance #insurance #insurancenews #newsupdates #insuranceupdates #llyods

FSRA’s Huston Loke and Swati Agrawal Nevatia, CPA, MBA recently joined the Canadian Association of Independent Life Brokerage Agencies (CAILBA) at their milestone 25th Anniversary and Compliance Conference in Toronto. The discussion focused on the progress FSRA has made to protect consumers during its first five years, along with other upcoming initiatives including an intelligence questionnaire, the Total Cost Reporting Rule, IAIS, and supervisory remediation. #FinancialServices #MarketConduct #LifeInsurance

🌍 It has been an honor for the executive team of Diot Siaci, represented by Hervé Houdard, Frédéric Durot, and Edouard Marron, to participate in the Lloyd’s **Q3 Europe Townhall** in London last Wednesday. This key event allowed us to discuss market trends and challenges in our sector. We were also able to present the exciting opportunities we are offering as part of our international expansion and our planned establishment in London.   We presented the opportunities offered by our international expansion and our new London office. The presentation by Diot Siaci was punctuated by a moment of sharing and exchange with the Chairman Bruce Carnegie-Brown.   London is established as a key hub of technical expertise and innovation for insurance and reinsurance, and we are proud to contribute to this dynamic with high-value brokerage solutions for our clients. 🚀   Julien Combeau; Jean-Christophe Cavanna - CITF #Insurance #Brokerage #RiskManagement #Assurance #DiotSiaci #Lloyds #Expansion #Opportunities #LondonMarket #Innovation #Townhall #WhitePaper

The tenth edition of the annual Underwriting Agencies Council (UAC) Underwriters Guide was released today. A handy one to save for all brokers, the guide is a comprehensive directory of all UAC members (including us!). Make sure you flick over to page 14 to read Solution's thoughts on balancing technology with human relationships. #opinionpiece #UACmember #nextlevelunderwriting

Key take away from recent Webinar by The Nautical Institute on Dali Insurance claim: Reinsurance is insurance for insurers. P&I clubs transfer part of their risk portfolios to reinsurers to manage large-scale risks and cover high-value claims without jeopardizing financial stability. Reinsurance is crucial when potential losses from claims exceed the retention capacity of P&I clubs, providing additional financial backing for major maritime incidents. #TheNauticalInstitute #WebinarInsights #insuranceatsea

Mithun Varkey 范可明 and Kristina Shperlik reported that the collision of container ship #Dali and the #BaltimoreBridge is expected to potentially surpass the US$2 billion insured losses from the #CostaConcordia disaster in 2012, and will likely impact reinsurance markets, reinsurance costs, and P&I Club rates globally. #marine #liability #reinsurance #catastrophe #US #singapore #india #claims #ProtectionAndIndemnity #losses #insurance #global

“We know this is a continent that has got huge developmental needs and potential, so we want to make sure the continent can achieve its potential through our de-risking products” commented Mikir Shah, ASR CEO, during a recent catch-up with Francis Churchill of Insurance Day on the promising opportunities in the African (re)insurance market.   Mikir highlighted the continent’s vast potential for portfolio diversification, driven by the African Continental Free Trade Area (AfCFTA) and the growing demand for (re)insurance solutions from businesses of all sizes.   Key points from the interview include: ▷ The increasing demand from trade credit products to cargo and marine protection ▷ How ASR's de-risking products are empowering African businesses ▷ How Lloyd’s consortium ties into our vision to deploy more capacity across Africa   Brian McGregor, Director of Underwriting & Head of Property and Martin Boreham, Director of Underwriting & Head of Liability weighed in on the low levels of insurance penetration on the continent and how building Lloyd's consortia is a perfect vehicle to help decrease the insurance gap.   You can read the article here https://lnkd.in/ei3fShxw   #InsuranceDay #AfricanMarket #ASR

From speaking with our clients, we know the Terrorism market needs a more effective and consistent approach to SRCC as the frequency of events and risks increase. This will be no quick fix. Establishing a new approach takes time. Yet there are steps that the market can take in the meantime to minimise risk and maximise opportunity. We cover this in our recent article "SRCC reinsurance is on the operating table – analytics is the medicine it needs." You can read it here: https://lnkd.in/dmbt42bk. #Reinsurance #SRCC #TerrorismReinsurance