week commencing 27/01/19:

As the Midwestern polar vortex puts our snow to shame, the market press was hot with headlines from the CEO of Lloyd’s outlining his vision of the market. Read all about it!

John Neal sets out vision for future of Lloyd’s
The London marketplace’s new CEO, John Neal, set out his vision for the Lloyd’s of the future after apologising for the market’s “unacceptable” performance. External-link [City AM]

US: Arctic blast could bring about more workplace injuries
With much of the Midwest currently enduring record-breaking arctic conditions, industry experts are raising concerns about new safety hazards and resulting workplace injuries. External-link [Business Insurance]

Kevin O’Donnell predicts reduction in alternative capital
Kevin O’Donnell, CEO & President of RenRe, has predicted the industry will see a reduced amount of third party capital in 2019. External-link [Insurance Insider]

Hamilton lines up £400m Pembroke acquisition
After submitting a speculated £400 million bid, Bermuda-based (re)insurer Hamilton has taken pole position in the race to acquire Pembroke. External-link [The Insurer]

Comment: Brumadinho dam collapse to affect industry view of mining safety
The Brazilian mining sector’s second major disaster since 2015 is bound to heighten safety fears amongst underwriters. External-link [Insurance Day]

IUA: London Market is ready for no-deal
Dave Matcham, Chief Executive of the International Underwriting Association, has expressed confidence in the London Market’s ability to survive a no-deal Brexit and explains the preparations that are underway. External-link [FERMA]

Pakistan: American Business Council pushing for local branches
Lobby group the American Business Council of Pakistan has proposed to the government that eligible foreign insurers be permitted to open branches in Pakistan. External-link [Asian Insurance Review]

Human touch proves vital in Human Resources
The recent failure of a recruitment experiment at Amazon in which the company attempted to fill posts using AI alone should serve as a cautionary tale to other businesses. External-link [Financial Times]


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