Brit
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Former Brit CEO Matthew Wilson will take on a role of special adviser to the Lloyd's Council later this year, Insurance Insider understands. -
The carrier reported no major loss impacts during the six-month period.
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After Apollo announced a collaboration marking the latest milestone for algorithmic underwriting-led follow capacity in the London market, Insurance Insider explores how such partnerships can proliferate.
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The transaction, which was announced in early January, included Ambridge’s operations in the US, UK and Germany.
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The executive has a background in consulting and briefly worked as CFO of Talbot.
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The cross-line facility launch – in a generally firm market – suggests that the tech-driven era of facilitisation is continuing to gain pace.
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The Ki syndicate saw a year of significant growth, as its GWP rose by 110.8% to $834.1mn, with Brit also continuing to expand top line.
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Increased appetite to grow in the cyber market is moderating rate momentum after a period of major hardening.
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The appointment comes after senior cargo underwriter Caroline Monnickendam left Brit for Munich Re Syndicate.
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Paolo Cuomo joined last year from Brit, where he worked as director of operations, having joined the company in 2019 as head of strategy.
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Ambridge was founded 22 years ago by Jess Pryor, executive chairman, and Jeff Cowhey, CEO, who will continue to lead the company after the deal has completed.
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The follow-only syndicate is one of the fastest growing entities in the market’s history.
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