Beazley

The CEO warned that data and analytics were beginning to “park their tanks on our underwriting lawn”.

Beazley’s capital position “remains strong and within the preferred range contemplating all the loss activity to date”, according to Beazley CEO Adrian Cox, speaking during a Q3 earnings call with investors.

The gross written premium increase was driven predominantly by cyber and executive risk, which grew by 44% year on year.

Plus the latest impact of cat activity on reinsurer results and all the top news from the week.

Stamp capacity for the “beta” syndicate is set to climb by 42% to £204mn.

Simon Wilson will join Beazley from Hiscox in mid-January and be based in London.

Syndicate 4321 will operate as a consortium led by Syndicates 623 and 2623, providing capacity for companies that meet ESG criteria.

John Brown will be joining former colleague Simon Jackson at the ERS-owned syndicate.

The company said the transatlantic appointment reflected the carrier’s commitment to expand in the US.

The carrier has been reshaping its senior leadership team since Adrian Cox took on the helm of CEO.

The former international manager of breach response services will step into a newly created role.

Plus all the highlights from the Reconnect conference and the week’s top news.