Brit

On a net basis, premiums written were up 4.7% to $641.3mn.

The company noted tougher market conditions and higher large losses during the year.

The business posted a 95.2% undiscounted combined ratio.

Dart succeeds Andrew Carrier, who will retire at the end of the year.

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Ex-Hannover CEO Jean-Jacques Henchoz exited from the reinsurer at the end of March.

The combined ratio improved by 0.5 points to 75.7%.

The business has appointed Asta as managing agent.

The firm will maintain a close partnership with Brit as a nominated lead across all classes.

The results were disclosed in parent company Fairfax’s quarterly earnings.

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.

The carrier’s discounted combined ratio improved to 70.1%.

A strategy is in place for the carrier to expand its presence on the Island.

Smart-follow is creating a third tier of provider – the “lead follower” – but broader efficiencies must be achieved.

Ki has ramped up hiring and is expected to secure a separate managing agent.

The results were disclosed in parent company Fairfax’s quarterly earnings.

The executive was CEO of PartnerRe until retirement earlier this year.

The track record of smart-follow vehicles is still young, but the segment is gaining traction.

On a discounted basis, Brit's combined ratio deteriorated by 2.1 points to 72.7%.

Staff movement has been elevated in the energy market since the beginning of the year.

Growth in property income was offset by a reduced share of finpro business.

Combined ratios have improved as prices rise and investments return to profit.

The partnership will add more capacity on the platform from April.

The carrier reported an undiscounted combined ratio of 76.2% for the year.

The underwriter will report to Kristina Maffit.

Brit Cyber First50 will be placed through the Brit-led consortium.

The carrier booked a fourth-quarter combined ratio of 88.3%.

The senior energy underwriter exited amid a strategic pivot at the MGA.

The CEO speaks on portfolio remediation and the future of the lead-follow model.

The executive’s career includes stints at Acappella and Amlin.

The Build consortium will target sectors including renewables, power, waste to energy, infrastructure and innovation.

The class exit comes after it emerged in November that Brit had withdrawn from the space market.

The follow-only algorithmic syndicate has stamp capacity of $925mn for next year.

The carrier previously led a space consortium for 25 years and co-launched a Lloyd’s-backed space consortium with Hiscox MGA in 2019.

Brit’s combined ratio shed 23.4 points to return to a profitable 94%.

He will be succeeded by Jon Sullivan, currently deputy group CUO and active underwriter for Syndicate 2987.

The class underwriter has spent more than two decades with Brit.

As the algorithmic syndicate has diversified its capital base, the risk-modelling world provides a parallel with regard to how these initiatives could develop.

The company said Ki is the first algorithmic underwriter to offer capacity from multiple syndicates.

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.

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.

The transaction, which was announced in early January, included Ambridge’s operations in the US, UK and Germany.

The executive has a background in consulting and briefly worked as CFO of Talbot.

The cross-line facility launch – in a generally firm market – suggests that the tech-driven era of facilitisation is continuing to gain pace.

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.

Increased appetite to grow in the cyber market is moderating rate momentum after a period of major hardening.

The appointment comes after senior cargo underwriter Caroline Monnickendam left Brit for Munich Re Syndicate.