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Lloyd’s stamp capacity survey: Bottom quartile set for fastest growth in 2024
Growth opportunities at Lloyd’s no longer limited to top underwriting performers, Insurance Insider’s survey shows.
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The ratings agency said premium rate increases for specialty lines would be most pronounced in political risk, terrorism and political violence lines because of heightened geopolitical tensions.
The GBC in London will be led by Mark Parker, supported by Cynthia Beveridge, as Joe Peiser moves to London.
The company’s litigation was one of the most high-profile cases relating to Covid-19 business interruption.
The product is led by Canopius and IQUW, with support from three other Lloyd’s insurance company markets.
Opinion
Lloyd’s 2024 stamp capacity growth slows to 7%
With US third-quarter reporting season being well underway, the results so far highlight further runway for the hard property E&S market.
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Premia looks to bring in additional backer to scale up
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Bermuda sets out more details on 15% taxation proposal
28 November 2023 -
Consilium grows by 35% to $600mn in GWP in 2023
27 November 2023
Analysis
The $10bn broking firm is progressing in its pivot towards specialty and international business, and an asset management model.
Rates are said to be doubling across the board as losses for 2023 top $1bn, resulting in a loss ratio of around 150%.
Cat losses were within budgets despite high levels of minor events.
Hamilton’s IPO share price came in at the lower end of historical trends observed amongst insurers that have missed their target range upon listing.
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Interviews
Interviews
The positive results in Q3 are starting to form a “track record” of improvement as the carrier moves away from “a place of underperformance”, the executive told this publication.
After moving into the rank of fifth-largest reinsurer, following its acquisition of Validus, RenRe said it would continue to take a leading role in the regional cat space and expected to be more able to trade through market cycles.
Clearer wordings for cyber cat risk would also help foster the development of the more capital-efficient event XoL reinsurance market in cyber, Kessler said.
Aon’s three-year plan will allow the firm to go “further faster” in serving clients with increasingly complicated needs, as well as creating additional operating leverage that will create the opportunity for Aon to deploy capital more broadly, CEO Greg Case told this publication.
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