Daily Digest: Lloyd's warns on PV exposures, Underwriters fear Israeli ship losses, Miller launches AI tool

Catch up on the essential news and analysis from the Insurance Day experts

Lloyd's PV market faces increased scrutiny amid exposure concerns Lloyd’s has warned syndicates to expect “heightened scrutiny” of their political violence and terrorism books amid concerns that some underwriters are failing to manage their exposures. The PVT class is expected to see the strongest premium growth of all Lloyd’s lines in 2024 on the back of strong risk adjusted rate change. But speaking to executives, the corporation’s chief of markets, Patrick Tiernan said there were some problem areas in the class: “We do remain concerned by a lack of some underwriters’ control of exposure in non-open market channels. And this will continue to be an area of heightened scrutiny."