week commencing 09/06/19:

As the UK paddles through June, India is suffering a heatwave of 45°.  We’re not sure where we’d rather be; but certainly not in the shoes of defecting brokers facing legal action by MMC, as reported in many stories this week.

Let the litigation begin

A trio of Guy Carpenter executives who moved to Lockton Re have filed papers to dismiss a case brought by MMC. The case is first up in a litany of pending actions. The External-link. [Insurance Insider] covered the Lockton Re case, while External-link. [The Insurer] looked at the big picture.

Should Arch buy Barbican?

Arch is in talks to take over its larger rival Barbican. Insurance Insider discusses the pros and cons of the deal. External-link. [Insurance Insider]

ALM backs merger proposals

The Association of Lloyd’s Members has given broad support to the proposal to merge the Franchise Board and Lloyd’s Council; but ALM Chairman Alan Lovell wants the majority of new board members to be elected. External-link. [Insurance Day]

Lloyd’s pilots ‘light touch’ renewals programme with select syndicates

Lloyd’s has announced top-performing syndicates, including AEGIS, Atrium and Hiscox, will form a trial cohort for a new ‘auto-renewal’ process that will see syndicates’ business plans approved without deep review. External-link. [Insurance Insider]

Insurtech expands in Europe

Insurtech favourite Lemonade has announced that it is to launch in Germany, in its first move outside the UK. External-link. [Business Wire]

US market for reinsurance remains strong

Favourable pricing conditions are seeing many US cedants topping up their property catastrophe cover. External-link. [Insurance Day]

45° heatwaves to increase as India’s weather pattern changes

The Indian Institute of Tropical Meteorology has announced that the frequency and duration of heatwaves are likely to increase significantly over the coming decade due to a combination of phenomena. External-link. [Asia Insurance Review]

Tokio Marine Kiln staff resign over sexual harassment claims

Two Tokio Marine Kiln executives have resigned following allegations of harassment, including groping and stalking colleagues. External-link. [The Insurer]

Technology scuppers art fraud

The Economist has reported this week on how researchers have learned how to use tiny, non-destructive, samples to help detect forged paintings. External-link. [The Economist]

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