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Quanta appoints new CEO, outlines Lloyd’s and run-off plans

Troubled Bermuda and Lloyd's (re)insurer Quanta Capital Holdings has named Peter Johnson to be its new president and CEO and has outlined strategic decisions concerning the handling of its run-off, ongoing Lloyd’s operations as well as the sale of its ESC subsidiary.

Mr. Johnson was the Chairman and CEO of the Home Insurance Company during its run-off from June 1995 to March 2003.

He succeeds interim CEO Robert Lippincott III, who is to continue as Deputy Chairman

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Fair value rules still fail brokers and consumers alike

Four-and-a-half years after the Financial Conduct Authority’s fair value rules arrived, Branko Bjelobaba, principal of compliance consultancy Branko Ltd, argues inconsistent data and vague metrics still make it difficult for brokers and consumers to compare insurance products properly.

Pride exposes prejudice LGBTQ+ individuals face in insurance

Editor’s View: LGBTQ+ network Link’s latest survey shows many insurance professionals still feel pressure to hide parts of themselves at work, which Emma Ann Hughes argues highlights the need for insurers to move beyond Pride branding and ‘pinkwashing’ to build actually inclusive cultures.

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