Jose M. Gonzalez Perez

UK pension fund uses captive for £450m longevity risk deal. The Merchant Navy Ratings Pension Fund has completed a £450 million (US$569 million) longevity risk transfer using a Guernsey-based captive https://lnkd.in/euAMPweD #captive #captiveinsurance

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🤔 Where are the regulators going right or wrong in their approach to the insurance industry? Find out what Julian Tomlinson, our Chairman, has to say here 👉 https://lnkd.in/ePbcudpT (skip to 5:22 for our bit!)

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The LMA’s Head of Technical Underwriting, David Powell, will be participating in a panel session on managing fusion risk at the first ‘Risk revealed by Lloyd’s event’ of the year.   In this session, fusion experts will discuss the risks compared to traditional technologies and the opportunities for collaboration between the fusion industry and the insurance, finance and public sectors to accelerate the pace of fusion’s commercialisation.   Register here: https://lnkd.in/d5tWTsm7   #FusionEnergy #Lloyds #Insurance

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Aviva has today enhanced its fracture cover for new protection policies, in hopes of improving financial support for customers during their recovery. Aviva’s fracture cover can be added to its Life Insurance+, Critical Illness+, Income Protection+, and Living Costs Protection – it’s sold via intermediaries and available at an additional cost. At the moment, this benefit is available for eighteen types of bone fractures; Aviva has boosted payments for eleven fractures with seven fractures now eligible for the highest payment of £6k. Jackie Kerwood https://lnkd.in/eEnJphPe

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’The industry has a significant opportunity to scale and adapt existing products,’ says report https://lnkd.in/eXPGHnfa Howden  #insurance #insuranceindustry #insurancenews #ukgi #insurancebroker #brokers #broker #insurers #insurer #mgas #mga #b2b

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Trending this week #ITtrending ’Being visible and responsive are strategic imperatives for us,’ says managing director https://lnkd.in/e36j9pA5 #insurance #insuranceindustry #insurancenews #ukgi #insurancebroker #brokers #broker #insurers #insurer #mgas #mga #b2b

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Catch up on our latest webinar; Tackling Underinsurance: Ensuring your clients have sufficient Business Interruption cover 💻   Hosted by experts from our Claims and Underwriting teams and Steven Manning from LMI Group, providers of the Aviva Business Interruption Calculator tool.    You can watch now ▶https://lnkd.in/eApk9muE   #BusinessInterruption #HereForBrokers #Underinsurance

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Pan-European personal pension product requires improvement Limited PEPP uptake blamed on lack of incentives but it has inherent flaws too #PPP #personalpension European Insurance and Occupational Pensions Authority (EIOPA) APG https://ow.ly/hGMZ50U931h

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Make sure to get your #ITTechAwards entries in! You have until 𝟱𝗽𝗺 𝗼𝗻 𝗧𝘂𝗲𝘀𝗱𝗮𝘆 𝟭𝟭𝘁𝗵 𝗝𝘂𝗻𝗲! Head to https://bit.ly/3W1Aq1p for more information. #UKGI #InsuranceNews #News #Insurance #ITexclusive #Brokers #BrokerNews #BreakingNews

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The recent announcement of an increased AR6 Contracts for Difference budget by the UK government is a positive development. This decision establishes a critical benchmark for subsequent auction rounds and will be instrumental in achieving net zero targets. Michael Morgan, our Founder and Chief Underwriting Officer, commented: “The government’s decision is a welcome step forward. To maintain this momentum, the parameters of the forthcoming AR7 and AR8 auction rounds must be designed to stimulate unprecedented investment and expanded capacity across the renewable energy sector. Accelerating the development of these essential projects is equally important. Approving Berwick Bank, a 4.1GW development representing one of the world’s most significant offshore wind projects, would be a constructive initial step.” #RenewableEnergy #OffshoreWind #Sustainability #EnergyTransition #NetZero

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Experts have slammed changes made to the whiplash tariff. Read more here - https://lnkd.in/eTHHVa8N #Insurance #InsuranceNews #B2B #InsuranceIndustry

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The secrets of success in Mergers & Acquisitions: A Q&A with Ascot Lloyd's Gordon Kerr Read here https://lnkd.in/efBbyQCx

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In his first column for Insurance Times, Mike Edgeley, chief executive The Clear Group, writes that political parties must take the needs and challenges of SMEs seriously if the UK economy is going to achieve its growth ambitions – especially as many of these firms cut protective insurance cover to reduce costs. #UKGI #InsuranceNews #ITexclusive #Insurance #Insurers #Brokers #Goverment #News

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Preparing scheme assets for an insurance transaction is one of the key steps trustees need to take to get their schemes ready to go to market.   Partners Joseph Wren and Niamh Hamlyn have contributed a chapter "Pre-transaction planning: Getting asset-ready" for the Pensions Age De-risking Guide 2024.   To read the chapter visit: https://lnkd.in/e5udyHEG   #TraversSmithPensions #PensionsDerisking #Pensions

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#BIBA2024 Trending this week 📈 #ITtrending Insurers have said the industry needs to get better at communication despite the challenges it faces. Aviva #UKGI #InsuranceNews #BIBA2024 #News #Brokers

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Interesting news on BIG players in the motor insurance market! Recent Association of British Insurers figures show in the last 12 months, in total, insurers paid out £2.9 billion in motor insurance claims – up 18% on £2.5 billion paid in Q2 2023... AND repair costs were 28% higher, totalling £1.9 billion (Trend Tracker UK Motor Claims and Body Repair Report 2024-2025: https://lnkd.in/e-_NGQUC). In the Report we also look at EY data that shows for every £1 collected in premiums, the industry paid out £1.13 in claims and expenses... so are big insurance deals on the horizon as insurers grapple with margins in motor?   

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Pension PlayPen Coffee Morning - The rise of AI in Pension Claims - A growing problem for ALL Schemes, Trustees, MT's and Providers CPD included - May 07, 2024 10:30 am London You are cordially invited to attend our next online event. Chris Edwards-Earl, Partner at Stephenson Harwood LLP, will be presenting on pension disputes and how AI and tech is changing the pensions landscape. This discussion follows on from Philip Calvert's recent talk on AI and explores why AI is not only a useful and intriguing tool to take advantage of – but also how disputes in pensions are changing, how they are brought, what they are about, and how to be ready for them. We expect this to be an interesting discussion, confirming that AI is not an optional extra, or something that is coming down the road. It is already here and needs to be understood.   The talk will explore: 🔵 The growth of AI as an accessible way for members and non-lawyers to access law and pursue claims – the problems and pitfalls for them and for pension schemes. 🟣 Use of AI in cyberattacks to obtain member data or confidential information. 🔵 The use of AI by disputes lawyers in discovery, disclosure and evidence preparation – what this means for clients. 🟣 Recent judicial guidance on the use of AI in the Court room. 🔵 Tips and pitfalls to watch out for. 🟣 Future developments.   Chris is a disputes partner at Stephenson Harwood specialising in pension funds and the types of cases that arise from them – such as correcting problems in governing documents, professional negligence claims, contract and outsourcing disputes, risk management, regulatory risk, public sector etc.   Hope you can join! For paying members: https://lnkd.in/d72PrZfH For non-paying members: https://lnkd.in/dqM-6BKx #AI #pensionplaypen #pensions #retirementplanning

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