Articles by Damisola Sulaiman
Lloyd’s ranks last in fossil fuel policy strength
Lloyd’s of London was the lowest ranked for relative strength of fossil fuel policies out of 30 insurers and reinsurers assessed in Insure Our Future’s latest scorecard.
GBG Insurance enters liquidation
GBG Insurance has been put into liquidation by Guernsey Royal Court, following the company entering administration last December.
Green Insurer CEO wants brokers to follow its path to carbon neutrality
Environmentally friendly motor broker The Green Insurer has achieved a carbon neutral certification through Carbon Neutral Britain.
Insurer CEOs focusing on cost cutting rather than diversity
Reboot’s 2024 Race to Equality report has found that budget cuts are the biggest contributing factor to the slowing down or silencing of diversity efforts.
FCA to reduce costs after ‘open cheque book’ feedback
The Financial Conduct Authority plans to reduce regulatory costs, in response to feedback that it treats the industry like an “open chequebook”.
Lloyd's Neal calls CrowdStrike 'warning shot' to insurers
John Neal, CEO of Lloyd’s of London, has described the CrowdStrike outage as a “warning shot” for insurers on the importance of cyber resilience.
Skills commission CEO warns of AI impact on underwriters
Underwriters and actuaries are set to be “hugely impacted” by artificial intelligence, according to Financial Services Skills Commission CEO Claire Tunley.
Insurance CEOs most confident of net zero ability
Insurance CEOs were the most confident about meeting net zero targets by 2030 among the sectors surveyed by KMPG in its 2024 outlook.
Beale urges insurance to prioritise climate action
Dame Inga Beale has said decarbonisation has to become a priority for the insurance industry.
UN insurance head highlights transition plan shortage
Butch Bacani, head of insurance for the United Nations Environment Programme, has said there are currently not enough underwriting transition plans in the insurance industry.
UN forum finds ‘major gap’ in industry underwriting transition plans
The United Nations Forum for Insurance Transition to Net Zero has identified a “major gap” in the transition plans for insurance underwriting portfolios.
Greenwashing risks and the path to real progress
As the 2024 United Nations Climate Change Conference, also known as COP29, begins Damisola Sulaiman explores the unique greenwashing risks the insurance industry faces, how those risks can be mitigated and the challenges faced in proving sustainability…
AI insurtechs dominate Q3 funding
Artificial intelligence-centred insurtechs dominated funding in the third quarter of 2024, securing $897.4m (£691.2m) across 29 deals, according to Gallagher Re.
Esure transformation leads to layoffs for long-serving staff
Esure cut jobs of long-serving, frontline colleagues during its transformation programme due to digital efficiencies resulting in customer behaviour changes.
RSA fraud chief spotlights growing commercial fraud threat
Adele Sumner, head of counter fraud and financial crime at RSA, has called for increased awareness on the growing threat of commercial insurance fraud.
Esure claims head tells insurers to ‘set the tone’ for supply chain ESG
Esure chief claims officer Anton Ossip has called for insurers to “set the tone” for suppliers trying to improve their environmental, social, and governance credentials.
More climate protestors arrested after climbing Walkie Talkie
Three Extinction Rebellion protestors climbed the Walkie Talkie building yesterday (30 October) as part of the Insure Our Survival week of action.
Six Extinction Rebellion protestors arrested for defacing WTW building
Six Extinction Rebellion protestors were arrested yesterday (29 October) after defacing the WTW building at 51 Lime Street.
Extinction Rebellion leaks insurance CEO contact details
Extinction Rebellion has shared the contact details of insurance CEOs and senior-level executives with protestors as part of its Insure Our Survival week of action.
Climate activists launch week of action at Walkie Talkie building
Extinction Rebellion has targeted the Walkie Talkie building today (28 October) to kick off its Insure Our Survival week of action.
FCA uncovers extent of sexual harassment in insurance
The Financial Conduct Authority has found that London market intermediaries had the highest relative proportion of reported incidents of sexual harassment compared with other surveyed sectors.
LMA calls for underwriter training to address ‘silent’ transition
The Lloyd’s Market Association has recommended that underwriters go through transition training to understand client’s transition pathways and avoid “silent” transition risks.
Storm damage behind one in five of Aviva’s home claims
Aviva has revealed that 19% of all UK home claims between 2020 and 2024 were related to storm damage.
PRA chief admits losing Solvency UK ‘row’ with MPs
Sam Woods, CEO of the Prudential Regulation Authority, has admitted the regulator lost the “spectacular row” it had with the Conservative government over the Solvency UK reforms.