Beazley’s pioneering new Syndicate 4321 uses ESG ratings to provide additional capacity for clients, but it will play a broader, strategic role for the carrier.
With pricing surpassing a previous peak in 2002, new entrants and established carriers vied to secure business.
AGCS continued its run of improved profits, posting a combined ratio of 95% for the quarter.
The carrier’s P&C divisions in North America and Latin America both reported 17% year-on-year increases in GWP.
Sources close to the industry are calling for litigation reform as a priority, while Florida Hurricane Catastrophe Fund expansion is also on the cards.
16 May 2022
Ukraine uncertainties remain despite some loss estimates emerging in Q1 earnings across the Big Four European carriers, while inflation looms on the horizon.
Recent start-ups have recorded annual underwriting losses about 80% of the time, Insurance Insider analysis shows – even after becoming established.
It is understood that the Marsh and Aon Alpha facilities are those with the most exposure to the war in the Ukraine.
CEO Kate Markham and CUO Paul Lawrence discuss the biggest changes to the business, including a near 40% reduction in binders exposure and a push to lead more business.
In an interview with this publication, the executive said the broker will consider M&A in its bid to expand.
In an interview with Insurance Insider, the CEO outlined the progress made during extensive remedial work.
The carrier is focused on maintaining balance across its portfolio and is growing more in specialty reinsurance than property cat.
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