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The former Argo executive will join the MGA on 1 January, pending regulatory approval.
Its combined ratio for the quarter improved nearly 30 points, particularly driven by better performance in its Bermuda segment.
The MAPA will allow APCL clients to participate in a portfolio of syndicates without the need to own the underlying capacity.
The MGA was without backing since March 2023, after Markel and Chaucer pulled their PVT paper.
Opinion
Analysis
There are clear strategic advantages to the company’s London launch – but demand may not be as high as in the US.
The summit has been called the most significant for the industry to date, as there is a growing awareness of the value of insurance.
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.
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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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