IGI went public on the Nasdaq last year through a merger with a SPAC, amid a boom in blank cheque activity.
Marco’s launch marks the latest RITC syndicate to set up at Lloyd’s, following Compre’s move to establish a vehicle under an Apollo turnkey at the beginning of the year.
Marsh has bolstered its upstream energy division with the appointment of Thomas Burrows from Convex, Insurance Insider has learned.
In an internal memo, the company named a raft of leaders by country and business unit, though many roles also remain unfilled.
The carrier follows the news that Canopius had pulled US wind exposure from its delegated authority portfolio.
15 October 2021
Sources said that the incident near Huntington Beach had the potential to exhaust the $1bn oil pollution reinsurance tower.
Analysis of financial data shows that the last decade has seen a marked increase in the proportion of premiums ceded by carriers in all sectors.
Increased disclosures being released by companies heighten the risk of inaccurate or misleading statements.
Claims from recalls due to lithium-ion batteries, which are heavily linked to the sustainable auto industry, are causing a capacity squeeze and affecting rates on certain policy lines.
Reinsurance market tightening and loss ratio deterioration are two factors fueling momentum in cyber rates.
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