Beazley
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CEO Andrew Horton stands by a previous $170mn estimate for Covid-19 claims, excluding liability lines.
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The carrier reports stronger than expected GWP growth and renewal rates expansion of 11%. -
The start-up Sequitur has initiated talks with around half a dozen other potential launch partners.
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The executive returns to underwriting after three years at the broker.
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Fidelis has hired Emily Clapham from Beazley as it makes its entry into the contingency market, according to sister publication Insurance Insider.
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The carrier follows Convex into the distressed market, where rates are expected to soar after damaging Covid-19 losses.
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The appointments are effective 1 July.
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The success of remote working is prompting businesses to rethink how the London market will operate post lockdown.
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The carrier will underwrite policies for entrants to new media, such as bloggers, vloggers and social influencers.
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Cyber incidents involving manufacturers jumped by 156 percent, according to the study.
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Analyst Jonny Urwin estimates a $20bn shortfall between available (re)insurance capital and demand.
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Jefferies note also reveals the carrier’s post-Covid growth strategy.
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