Beazley
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Predicting underwriting conditions for the remainder of the year is ‘challenging’. -
The London carrier posted an undiscounted combined ratio of 79%, up from 74% in 2023.
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Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.
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Sara Foucher has held roles at RSA, Swiss Re and XL Catlin.
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Fast Track is led by QBE and backed by Canopius, Arch and Beazley.
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The executive has also worked for AIG and Ace.
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A spree of new entrants in the cargo market has resulted in recent talent turmoil.
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CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.
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Some US and European cedants will likely see "specific adjustments" to their programmes.
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The carrier said an active hurricane season and a global cyber event had not altered its full-year guidance.
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The Flex consortium will offer up to EUR/$50mn limit.
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