week commencing 22/09/19:

Things may be getting shouty in Parliament but in the more sedate – and reassuringly polite – world of insurance, the autumn equinox brings talk of cat losses, gender politics and failed travel agents. So, while the government launches arguably the biggest repatriation of stranded Brits since Dunkirk, we slice and dice the latest insurance news for your delectation.


Lloyd’s culture survey reveals much to be done

In a long-trailed move, the Corporation of Lloyd’s published its report on the market’s culture and behaviour. The results? Nearly 1-worker-in-10 said they’d seen sexual harassment in the last year while 1-in-5 said they did not have equal opportunities. External-link. [Insurance Day]


Dive-In Festival talks ‘impact’

The Dive-In festival, which kicked-off at Lloyd’s this week, launched a toolkit for employers offering help on how to use data to encourage diversity and inclusion. External-link. [Insurance Age]


Japanese insurers face typhoon bill

Typhoon Faxai, which hit Japan earlier this month, is set to cost Japanese non-life insurers $2.8bn, according to the country’s General Insurance Association. External-link. [Asian Insurance Review]


When the wind blows

In the wake of Hurricane Dorian, California wildfires and three huge typhoons in the Indian Ocean, The Economist examines how insurers can future-proof their businesses as extreme weather events become bigger, badder and more unpredictable. External-link. [The Economist]


Innovative Lloyd’s launches parametric cover for hotels

The first policy to be launched by Lloyd’s Product Innovation Facility will protect hotels against the impact of unforeseen events such as terrorist attacks, using a parametric trigger to ensure a rapid pay-out post-event. External-link. [Reinsurance News]


AXA XL tops US D&O writers

AXA XL has overtaken AIG as the largest writer of US D&O business, according to rating agency Fitch, with written premiums of about $510m over the first half of 2019, representing a 15 percent share of the US D&O market. External-link. [Insurance Insider]


Price Forbes branches out in Hong Kong

London-headquartered independent broker Price Forbes has acquired a minority stake in a Hong Kong broker. Announcing the deal to buy into Sino Insurance and Reinsurance, Price Forbes’ CEO said he was delighted to be working with a local firm possessing direct relationships with Chinese construction companies. External-link. [Reinsurance News]


Lloyd’s legacy business set for boom

PwC’s annual run-off survey predicted that Lloyd’s will be one of the most active areas in global run-off during the coming year. External-link. [Insurance Day]


Rates rise in the shadow of Saudi attacks

In the aftermath of two high-profile drone attacks on Saudi oil processing plants, political risk insurance rates in the Middle East are set to rise, experts say. The attacks have placed an additional ‘risk premium’ on the region. External-link. [Commercial Risk Europe]


Are you big on office small talk?

You’re at your desk and the guy from accounts is approaching. Oh no, he looks like he wants to chat. Fear not! Here’s an essential guide to the art of office small talk courtesy of the New York Times. External-link. [New York Times]


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