Lovatt, who has 40 years of insurance industry experience, was a founding member of the group. He has worked in leadership roles with international, national, regional, and start-up insurance companies. In addition to his new role as president of Great Bay Insurance Company, he currently serves as chief underwriting officer and chief claims officer for the group.
In this roundtable special of Insurance Business TV, join Tokio Marine HCC Cyber and Professional Lines Group’s Dan Crane and Eugene Eychis as they examine the impact of AI on cyber insurance. They look at the ways in which AI is currently enhancing risk assessment, strategies to mitigate its risks and the emerging technologies they…
What are the three phases of value? According to KPMG, the “enable” phase emphasizes building AI foundations by appointing responsible executives, creating AI strategies, identifying high-value use cases, increasing AI literacy, and ensuring regulatory alignment. This phase also involves launching AI pilots, utilizing cloud platforms, and leveraging pre-trained models with minimal customization. Source link
In the latest edition of Insurance Business TV, we catch up with one of this year’s 5-Star Wholesale Brokerage and MGAs winners, Johnson & Johnson. Chairman and CEO Francis G Johnson discusses the E&S market in 2025, emerging trends and how he expects the area to develop this year. Source link
“Communication is at the heart of what we do,” said Sean Kevelighan, CEO of Triple-I, in his letter accompanying the report. “Over the past year, we have elevated our impact and reach, reinforcing our position as the most trusted and quoted source in the property/casualty insurance industry.” Source link
In comparison, Chubb achieved record net income of $9.27 billion for FY2024, or $22.70 per share, and core operating income of $9.20 billion, or $22.51 per share. Consolidated net premiums written were $51.5 billion, up 8.7%, with global P&C up 9.6% and life insurance up 15.7%. The P&C combined ratio for the year was 86.6%….
