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The executive said that work was underway to make sure the energy transition is “led by Lloyd’s”.
Political violence and terrorism will also be a focus class for the Corporation, amidst geopolitical turmoil.
Canopius will write a 2.5% line on the multi-class facility, while Axa XL will write 1%.
The underwriter will work in the retail property team at BHSI serving the central region.
Opinion

COP28: Adaptation and resilience to shape the agenda for (re)insurance

With US third-quarter reporting season being well underway, the results so far highlight further runway for the hard property E&S market.
Analysis
The voluntary carbon market reached $2bn in 2021, and is expected to grow to $10bn-$40bn by 2030, according to a report by Shell and the Boston Consulting Group published in January.
Growth opportunities at Lloyd’s no longer limited to top underwriting performers, Insurance Insider’s survey shows.
Growth slows from last year’s 20%, while QBE and TMK close the gap on Brit and Beazley.
The $10bn broking firm is progressing in its pivot towards specialty and international business, and an asset management model.
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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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