After almost eight years in the role, Mr Richard Ward has announced he will be resigning as CEO of Lloyd's at the end of December this year.
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Globally, many insurers feel less equipped to manage important emerging megatrends - notably the impact of social media (29%), the role of advanced technology such as "big data" (32%), and workforce challenges around talent attraction and retention (33%), says Towers Watson in its recent Insurance Megatrends Survey.
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While the end of gender-based discrimination in motor insurance left many people paying higher premiums, a new telematics technology could pave the way for fairer, personalised premiums that reward safer drivers, says Timetric in its report Private Motor Insurance in the UK, Key Trends and Opportunities to 2016.
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The American Club reported solid progress on several fronts in 2012 and started 2013 on a positive note despite various challenges within the struggling maritime industry, which was hampered by anaemic growth in global trade.
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