Brit

Bilge Mert will work on delivering a data-driven platform for underwriting, claims and operations.

The continuous contracts will go live in January 2022 and be powered by a data-driven review process.

A total of 12 managing agents control £1bn or more of capacity, analysis shows.

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.

The significant increase in planned premium will be interpreted as a vote of confidence in the low-cost, follow-only model from Lloyd’s.

The appointment follows the departure of underwriter Alex Harris, who has joined Antares.

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.

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.

Before joining Fairfax, Martin Thompson served as president and CEO at RSA Canada, where he worked for over two decades.

The executive has worked for the company for two decades.

The algorithm uses ultra-high-resolution aerial images and data that pinpoints, color-codes and displays properties by damage classification.

The carrier reported 14.2% top-line growth and rate increases of 10.2%.