Asta
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Syndicate 1947 is understood to have served notice to Hamilton in recent weeks. -
Syndicate 5757 will target US programme business.
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The syndicate reported a combined ratio of 101.2% in 2023.
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The syndicate's GWP increased from £51.6mn in 2022 to £141.9mn.
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The syndicate will be Asta managed and have capacity from Hampden Names.
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Asta-managed Syndicate 1966 will target £75mn GWP for 2024.
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Lorraine Harfitt also discussed the Funds at Lloyd’s capital squeeze, and the prevailing mindset keeping women from CEO positions in the Lloyd’s market.
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Mosaic is the first to use the new company, hiring Benn Wilson and Edwin Chau to help it expand in the region.
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Boyd joins from Allianz Risk Transfer, where he spent nearly 14 years, most recently as CUO.
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Insurance Insider selects 10 exclusive news stories reported by our team on the frontline at Monte Carlo Rendez-Vous.
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The new carrier will be backed by Ariel Re owner Pelican Ventures and aims to write $50mn GWP in 2023.
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The launch will allow the Lloyd’s market to access a greater proportion of Acrisure’s $32bn managed premium.
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