Brit
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The company noted tougher market conditions and higher large losses during the year.
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The business posted a 95.2% undiscounted combined ratio.
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Dart succeeds Andrew Carrier, who will retire at the end of the year.
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What’s next for Conduit Re’s strategy following a leadership shake-up?
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Ex-Hannover CEO Jean-Jacques Henchoz exited from the reinsurer at the end of March.
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The combined ratio improved by 0.5 points to 75.7%.
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The firm will maintain a close partnership with Brit as a nominated lead across all classes.
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The results were disclosed in parent company Fairfax’s quarterly earnings.
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Marko Ninkovic, Head of Claims Specialty at Brit, explains the growing challenges of war risk claims and modern piracy at the International Association of Claims Professionals Conference in Orlando.
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A strategy is in place for the carrier to expand its presence on the Island.
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Smart-follow is creating a third tier of provider – the “lead follower” – but broader efficiencies must be achieved.
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Ki has ramped up hiring and is expected to secure a separate managing agent.
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The results were disclosed in parent company Fairfax’s quarterly earnings.
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The executive was CEO of PartnerRe until retirement earlier this year.
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The track record of smart-follow vehicles is still young, but the segment is gaining traction.
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On a discounted basis, Brit's combined ratio deteriorated by 2.1 points to 72.7%.
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Staff movement has been elevated in the energy market since the beginning of the year.
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Growth in property income was offset by a reduced share of finpro business.
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Combined ratios have improved as prices rise and investments return to profit.
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The partnership will add more capacity on the platform from April.
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The carrier reported an undiscounted combined ratio of 76.2% for the year.
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The underwriter will report to Kristina Maffit.
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Brit Cyber First50 will be placed through the Brit-led consortium.
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The carrier booked a fourth-quarter combined ratio of 88.3%.
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The senior energy underwriter exited amid a strategic pivot at the MGA.
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The CEO speaks on portfolio remediation and the future of the lead-follow model.
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The executive’s career includes stints at Acappella and Amlin.
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The Build consortium will target sectors including renewables, power, waste to energy, infrastructure and innovation.
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The class exit comes after it emerged in November that Brit had withdrawn from the space market.
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The follow-only algorithmic syndicate has stamp capacity of $925mn for next year.
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The carrier previously led a space consortium for 25 years and co-launched a Lloyd’s-backed space consortium with Hiscox MGA in 2019.
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Brit’s combined ratio shed 23.4 points to return to a profitable 94%.
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He will be succeeded by Jon Sullivan, currently deputy group CUO and active underwriter for Syndicate 2987.
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The class underwriter has spent more than two decades with Brit.