Brit
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Joanne Allen joins Brit from Argo Global, while Thomas Poynder joins from Managing Agency Partners.
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James Allchorne and Laura Wells will work in the team headed up by Neil Russell.
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Bilge Mert will work on delivering a data-driven platform for underwriting, claims and operations.
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The continuous contracts will go live in January 2022 and be powered by a data-driven review process.
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A total of 12 managing agents control £1bn or more of capacity, analysis shows.
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After the HCI-owned InsurTech TypTap filed for an IPO in the US, Insurance Insider looks at other carriers that could unlock sky-high value from their tech-led subsidiaries.
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The significant increase in planned premium will be interpreted as a vote of confidence in the low-cost, follow-only model from Lloyd’s.
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The appointment follows the departure of underwriter Alex Harris, who has joined Antares.
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Brit has completed a loss portfolio transfer (LPT) agreement with RiverStone International, primarily for legacy years of account for select classes of business written by Syndicate 2987, for liabilities of around $380mn.
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Fairfax-owned carriers Brit and Odyssey Group generated Q3 combined ratios of 118.0% and 109.5% respectively as cat losses took their toll on the businesses.
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Before joining Fairfax, Martin Thompson served as president and CEO at RSA Canada, where he worked for over two decades.
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The executive has worked for the company for two decades.
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