Metropolitan Cattle Market

ACORD's 2023 Annual Member Report Details Achievements in Industry-Wide Digitalization Efforts

Retrieved on: 
Wednesday, March 20, 2024
Organization, TSR, Transcriber, Reference architecture, Digital, CDR, Business, Total shareholder return, NGDS, Information model, Insurance, ADEPT, Architecture, LIP, Ecosystem, Metropolitan Cattle Market, Standard, Data, Representational state transfer, Risk, CRP

NEW YORK, March 20, 2024 /PRNewswire/ -- ACORD, the standards-setting body for the global insurance industry, today released its 2023 Member Report, detailing its efforts on behalf of its members over the past year. ACORD welcomed more than 100 new members across various stakeholder types, from carriers to brokers to solution providers. The report notes several key achievements, including:

Key Points: 
  • NEW YORK, March 20, 2024 /PRNewswire/ -- ACORD, the standards-setting body for the global insurance industry, today released its 2023 Member Report, detailing its efforts on behalf of its members over the past year.
  • "ACORD is in a unique position to help shape the future of insurance," said Bill Pieroni, President & CEO of ACORD, in his annual message to the ACORD member community.
  • "We have witnessed great change in the industry, and ACORD has grown and changed alongside our members.
  • From the first standardized forms to AI-based solutions, ACORD has worked with our members to enable transformation and drive impact across our ecosystem."

Chubb Recognised for Claims Excellence With Two Gracechurch Service Quality Marque Awards

Retrieved on: 
Tuesday, January 30, 2024
Knowledge, Insurance, Communication, Research, Metropolitan Cattle Market, Chubb, Locksmithing

LONDON, Jan. 30, 2024 /PRNewswire/ -- Chubb today announced that it is a double winner in the 2024 Service Quality Marque awards for claims excellence from Gracechurch, the independent insurance research consultancy.

Key Points: 
  • LONDON, Jan. 30, 2024 /PRNewswire/ -- Chubb today announced that it is a double winner in the 2024 Service Quality Marque awards for claims excellence from Gracechurch, the independent insurance research consultancy.
  • Chubb was recognised for the quality of its service in both the UK Regional Market and the London Market – the only insurer honoured in both categories this year.
  • In announcing the awards, Gracechurch said: "Chubb's combination of timely communication and expert knowledge is highly valued in the UK market.
  • Commenting specifically on Chubb's London Market award, Gracechurch added: "Chubb has a more consistent long-term record of claims service improvement than anyone else in the London Market.

Bridge Specialty Group announces appointment of Tim Coles as chief executive officer for European brokerage operations

Retrieved on: 
Wednesday, November 22, 2023
Brown & Brown, Decus, Howden, Specialization, Metropolitan Cattle Market, Management

DAYTONA BEACH, Fla., Nov. 22, 2023 (GLOBE NEWSWIRE) -- Bridge Specialty Group, the Wholesale Brokerage segment of Brown & Brown, Inc. (NYSE: BRO), announced that Tim Coles has been named chief executive officer (CEO) for the European brokerage operations of Bridge Specialty Group, effective January 1, 2024.

Key Points: 
  • DAYTONA BEACH, Fla., Nov. 22, 2023 (GLOBE NEWSWIRE) -- Bridge Specialty Group, the Wholesale Brokerage segment of Brown & Brown, Inc. (NYSE: BRO), announced that Tim Coles has been named chief executive officer (CEO) for the European brokerage operations of Bridge Specialty Group, effective January 1, 2024.
  • Most recently, he served as CEO of Xenia Broking Group, part of Kentro Capital Limited, which was acquired in October 2023.
  • Stephen M. Boyd, president of Bridge Specialty Group, shared, “Over the last few years, we have been diligently enhancing our London brokerage capabilities.
  • We are excited to announce Tim’s promotion to CEO of Bridge Specialty’s European brokerage operations.

Costero Brokers Hires Jonathan Olley as Cyber Divisional Director

Retrieved on: 
Tuesday, November 28, 2023
Metropolitan Cattle Market, Indian Army Public Schools, Growth, Marsh, Army, Knowledge, Risk management, Guiana dolphin

LONDON, Nov. 28, 2023 /PRNewswire/ -- Costero Brokers, Costero Brokers Ltd., a privately held London-based brokerage, is delighted to announce that Jonathan Olley has joined as Cyber Divisional Director effective 27, November 2023.

Key Points: 
  • LONDON, Nov. 28, 2023 /PRNewswire/ -- Costero Brokers, Costero Brokers Ltd., a privately held London-based brokerage, is delighted to announce that Jonathan Olley has joined as Cyber Divisional Director effective 27, November 2023.
  • Jonathan comes to Costero following three and a half years cyber broking at Marsh in London where he was an SVP.
  • "I am absolutely delighted to join the Costero team at a very exciting time for both the business and the wider cyber insurance industry," said Jonathan Olley, Cyber Divisional Director.
  • "Jonathan Olley brings a wealth of knowledge and experience to the table as our new Cyber Divisional Director.

Costero Brokers Hires Jonathan Olley as Cyber Divisional Director

Retrieved on: 
Tuesday, November 28, 2023
Metropolitan Cattle Market, Indian Army Public Schools, Growth, Marsh, Army, Knowledge, Risk management, Guiana dolphin

LONDON, Nov. 28, 2023 /PRNewswire/ -- Costero Brokers, Costero Brokers Ltd., a privately held London-based brokerage, is delighted to announce that Jonathan Olley has joined as Cyber Divisional Director effective 27, November 2023.

Key Points: 
  • LONDON, Nov. 28, 2023 /PRNewswire/ -- Costero Brokers, Costero Brokers Ltd., a privately held London-based brokerage, is delighted to announce that Jonathan Olley has joined as Cyber Divisional Director effective 27, November 2023.
  • Jonathan comes to Costero following three and a half years cyber broking at Marsh in London where he was an SVP.
  • "I am absolutely delighted to join the Costero team at a very exciting time for both the business and the wider cyber insurance industry," said Jonathan Olley, Cyber Divisional Director.
  • "Jonathan Olley brings a wealth of knowledge and experience to the table as our new Cyber Divisional Director.

ACORD Connect 2023 will bring together insurance industry thought leaders to discuss the latest developments in digital data exchange and global interconnectivity

Retrieved on: 
Monday, September 25, 2023
Insurance, Matcham, International, IUA, AXA, EY, Lloyd's of London, DXC, Swiss Re, International Underwriting Association, DDEX, Digital, Metropolitan Cattle Market, Management, ACORD, Architecture

LONDON, Sept. 25, 2023 /PRNewswire/ -- ACORD, the standards-setting body for the global insurance industry, will hold its annual conference, ACORD Connect, on Thursday, October 19. Registration is open for the virtual conference, to be presented with this year's hosting member, the International Underwriting Association of London (IUA).

Key Points: 
  • ACORD Connect offers sessions on the latest developments in digital data exchange and global connectivity, and provides valuable insights related to ACORD Standards and Architecture.
  • Attendees will hear from thought leaders and key influencers from across the global insurance industry, including representatives from Aon, AXA XL, DXC, EY, Lloyd's, and Swiss Re.
  • "This is an exciting time of progress towards global interoperability and data exchange in the London Market.
  • Please reserve your spot for the in-person ACORD Connect London event by Tuesday, October 10.

Chubb Launches Lloyd's Lithium Battery Consortium

Retrieved on: 
Thursday, September 14, 2023
CGM, Insurance, Risk management, Lloyd, Chubb, Lithium, Metropolitan Cattle Market, Lloyd's of London

LONDON, Sept. 14, 2023 /PRNewswire/ -- Chubb today announced the launch of a new Lloyd's of London consortium it will lead that is designed to provide insurance coverage for risks associated with the transit and storage of lithium batteries.

Key Points: 
  • The consortium was created to address a lack of capacity in the marine cargo market for providing lithium battery transit and stock insurance.
  • Rob Wilson, Chief Underwriting Officer for Chubb Global Markets, said: "We're delighted to lead the creation of this battery consortium with the support of the Lloyd's market, utilising our in-house risk management capabilities to ensure its viability.
  • The consortium provides brokers and insureds with a single port of call to bind these risks, helping to shore up the lithium battery supply chain as demand continues to grow."
  • To learn more about the lithium battery consortium, please contact Alex O'Brien, Product Head – Cargo - Chubb Global Markets: [email protected]

Markel strengthens strategic investment in Australia with local presence and leadership

Retrieved on: 
Thursday, September 14, 2023
Insurance, Markel Corporation, D&O, AXA, MKL, Fintech, Lloyd's of London, Morison, Growth, XL, Metropolitan Cattle Market, NYSE, Information, D, Financial services

Markel Australia will focus on providing underwriting solutions to businesses that traditionally purchase insurance in the domestic Australian market.

Key Points: 
  • Markel Australia will focus on providing underwriting solutions to businesses that traditionally purchase insurance in the domestic Australian market.
  • Christian Stobbs, managing director, Asia Pacific, at Markel, said: "Australia is the world's tenth largest insurance market, and it's growing.
  • We know that local underwriters understand local conditions and are uniquely focused on the needs of local clients.
  • Rory Morison, managing director of Australia at Markel, said: "I am looking forward to leading the Markel team in Australia and expanding our presence in the local market.

Markel strengthens strategic investment in Australia with local presence and leadership

Retrieved on: 
Thursday, September 14, 2023
Insurance, Markel Corporation, D&O, AXA, MKL, Fintech, Lloyd's of London, Morison, Growth, XL, Metropolitan Cattle Market, NYSE, Information, D, Financial services

Markel Australia will focus on providing underwriting solutions to businesses that traditionally purchase insurance in the domestic Australian market.

Key Points: 
  • Markel Australia will focus on providing underwriting solutions to businesses that traditionally purchase insurance in the domestic Australian market.
  • Christian Stobbs, managing director, Asia Pacific, at Markel, said: "Australia is the world's tenth largest insurance market, and it's growing.
  • We know that local underwriters understand local conditions and are uniquely focused on the needs of local clients.
  • Rory Morison, managing director of Australia at Markel, said: "I am looking forward to leading the Markel team in Australia and expanding our presence in the local market.

Sompo International announces new insurance leadership team in the UK to drive future growth and expansion

Retrieved on: 
Thursday, September 14, 2023
Insurance, P&C, International finance, Appetite, CUO, Sompo Japan Nipponkoa Insurance, Commercial, Metropolitan Cattle Market, Financial services

PEMBROKE, Bermuda, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Sompo International, a leading global provider of commercial and consumer property and casualty (re)insurance, today announced a new leadership team for its UK commercial P&C insurance business unit.

Key Points: 
  • PEMBROKE, Bermuda, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Sompo International, a leading global provider of commercial and consumer property and casualty (re)insurance, today announced a new leadership team for its UK commercial P&C insurance business unit.
  • Bob Thaker has been named CEO, Commercial P&C Insurance, Sompo International, UK, reporting to Julian James, CEO, Global Markets for Sompo International.
  • Ian Keegan will be responsible for the London Market Wholesale & Specialty division and Mike Reid will lead the UK Commercial Lines division.
  • Mr. James said, “Sompo International has a strong presence in the London Market and a growing footprint across the UK.