Accident and health
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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.
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The withdrawal marks the latest in a series of restructuring measures at the carrier since its takeover by Apollo.
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Rates are starting to move in some areas of the line, which has been flagged for lacklustre price changes.
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The appointment follows a major business restructure at the carrier and the launch of a new specialty business.
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Steven Lawson and Lauren Meredith join as Dale prepares to deploy up to £147mn of Lloyd’s stamp capacity this year.
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The acquisition follows a $400mn debt issue from Beach parent Acrisure last year to finance M&A.
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Mark Campbell and David Walker will be wholesale A&H underwriting manager and class underwriter, respectively.
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The US carrier is selling to a Swedish investment company focused on Nordic healthcare assets.
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The company has created a new management committee as it refocuses on disciplined underwriting.
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Practice group chairman Roger Smith says the unit will help the broker respond to clients’ needs strategically.
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