The news follows the agreement to sell several assets to AJ Gallagher, including Willis Re.
A settlement allows the mutual an “orderly exit” from the reinsurer’s share capital and removes a major distraction from incoming Scor CEO Laurent Rousseau.
Lloyd’s new chief of markets today unveiled an even tougher approach to syndicates with consistently poor results.
Expert panel explores capital constraints, ransomware attacks and hardening market at Insurance Insider’s Cyber Summit 2021.
The CEO said he had “no regrets” in taking the radical actions needed to stem losses at the unit.
02 June 2021
The veteran marine underwriter highlighted “strong” cargo rates but acknowledged the structural challenges facing hull pricing.
State-backed carrier GIC Re faces competition as the European Big Four press into the subcontinent.
On average, syndicates which show consistency in their underwriting results also deliver higher underwriting margins.
New and growing carriers helped to fill out treaties as Sompo stepped back from a market that came in flatter than expected for remote risk.
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