Accident and health

The entry into the market follows a handful of carrier exits in London.

Stephen Catlin and Paul Brand’s start-up continues its specialty lines expansion as a contraction in A&H capacity signals higher rates.

From a hospital case, with declining profitability and worsening claims, the A&H market is returning to good health, with rates having firmed since the onset of Covid-19, writes Helen Yates

A trend of capacity withdrawals from the accident and health market preceding the Covid-19 outbreak has been compounded by a growing pushback on pricing and terms and conditions following the pandemic.

Chris Howard, Nicole Yates and Stephane Baj join from WNC, Axa XL and Chubb.

At least one insurer, Chubb, has paused quoting casualty cover for new healthcare clients.

Most contracts are expected to be unaffected by the pandemic, but economic slowdown could hit the sector.

Although the benefits of adopting technology-led ‘virtual care’ services are clear, they are not without risk, says Andrew Page.

The worst performing Lloyd’s syndicate suffered from adverse development on prior years for both classes in 2019.

The withdrawal marks the latest in a series of restructuring measures at the carrier since its takeover by Apollo.

Rates are starting to move in some areas of the line, which has been flagged for lacklustre price changes.

The appointment follows a major business restructure at the carrier and the launch of a new specialty business.