Lloyd's underwriters set up innovation facility for emerging risks

A group of Lloyd's of London underwriters have set up an innovation facility to develop products for emerging risks related to supply chains, intangible assets and artificial intelligence, Asia Insurance Review reported. The facility's capacity totals $67 million and includes senior underwriters from U.K.-based Tokio Marine Kiln Group Ltd., Beazley P.L.C., MS Amlin P.L.C., Talbot Underwriting Ltd. and Liberty Specialty Markets among others.

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