Last week, AIG CEO Brian Duperreault mused that between efforts to right its own underwriting ship and the actions of Lloyd’s to similarly clean up, the two insurance giants had moved the market.
For all the issues that dog the insurance industry, the perception among customers or the wider public that carriers are out to deny valid claims is the most damaging and, sadly, the one that most persistently raises its head.
Last week, amid the flurry of statements about the future of Lloyd’s and where the market needs to go from here, I came across some interesting footage of the Corporation from all the way back in 1961.
On their way to medals, knighthoods, eternal Olympic glory etc, British cycling giants such as Sir Bradley Wiggins, Victoria Pendleton CBE and Sir Chris Hoy were imbued with a singular driving philosophy which underwrote their path to success.
Working in and around the commercial (re)insurance industry during the festive period is a little different to how things go in other sectors, even within financial services.
If you are reading this from the UK or Europe, it is likely that your political attention the last few weeks has homed-in on certain rumblings in that peculiar part of central London where reality recently seems to have become a relative concept.
Growing up, we are constantly encouraged to build good habits into our daily routines to ensure that we get into the right way of doing things early on.