Lloyd’s of London whistleblowing hotline & more..Keep up with what’s been happening the past week in our last insurance news round-up of the year…
The Bank of England is to begin monitoring Lloyd’s of London after it emerged that a whistleblowing hotline at the insurance market was out of service for almost a year and a half. About 50,000 people work at the Lloyd’s of London insurance market, where brokers and insurers meet to do business.
AXA XL has revealed that it has made several changes to its reinsurance leadership team. A release explained that the changes are part of AXA XL Reinsurance’s simplified organisational structure, first announced in September.
Provider LV has appointed Mark Hartigan as chief executive, who was part of the senior leadership team at Zurich in the past 10 years.
The flooding and inland storms that impacted parts of western and southern Europe in November are likely to drive multi-billion-dollar economic losses, according to re/insurance broker Aon.
The Gibraltar-based Elite Insurance Company has been placed in administration and is no longer paying claims, according to the Financial Services Compensation Scheme.