Brit
-
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%.
-
Markel, Beazley, Hiscox, Chaucer, Brit and Liberty Specialty Markets are all participants in the product development.
-
The intermediary says the partnership puts Willis at the forefront of the ‘digital insurance revolution’.
-
The carrier aims to “revolutionise’ writing of marine war and breach call risk.
-
Director Dan Hearsum says the follow-only syndicate’s use of algorithms may actually help lead markets work more efficiently.
-
The underwriter will specialise in D&O and commercial crime lines of business.
-
The follow-only syndicate has more than 800 brokers on its platform and has released its first broker API.
-
Wayne Page will report to CRO Shane Kingston.
-
The carrier reported $271.4mn in Covid-19 losses and a combined ratio of 112.6%.
-
There will be significant movements in the ranks of the top 10 syndicates in 2021, with Brit moving into second place and Axa XL tumbling to 7th.
-
RSA’s Scandinavia finance chief will replace Mark Allan, who is moving to run new syndicate Ki.
Most Recent
-
Specialty market must heed wake-up call
09 September 2025 -
Specialty reinsurance: Claims uncertainty no barrier to market softening
09 September 2025 -
Munich Re: Reducing complexity enables agility at scale
09 September 2025 -
Reinsurance syndicate appeal a growth target for Lloyd’s
09 September 2025 -
ILS market shifts: Private ILS less dominant as credit funds allocating
09 September 2025 -
Willis Re 2.0: As hiring drive gets underway, talent costs mount
09 September 2025 -
Precursors for reinsurance M&A in place: Aon
09 September 2025