Brit
-
The algorithmically driven syndicate aims to do to insurance “what quantitative hedge funds did to capital markets in the 1990s”, Brit CEO Matthew Wilson says. -
The new vehicle, which is targeting a 1 January 2021 launch, represents a revision of original plans to launch an SIAB.
-
Tracy Wade reports to programs senior vice president Tim Chesson.
-
Chris Williams previously spent 12 years as class underwriter for bloodstock at the Fairfax-owned company.
-
Plans for the syndicate in a box are in the early stages, but the venture could be trading by 1 January 2021.
-
The firm returns to the black at underwriting level with a combined ratio of 95.8 percent.
-
The Sussex Specialty Insurance Fund will allow institutional investors to access Lloyd’s risks through Syndicate 2988.
-
Sister Syndicate 2988 gains clearance for a 52 percent capacity uplift.
-
The carrier becomes the latest to curtail Lloyd’s operations in Asia.
-
Brit cut premiums by 2.5 percent compared to the prior-year quarter.
-
Property fac-focussed Brickell Underwriting Agency will open in early November and begin writing risks from 31 December.
-
The rating agency cited the reinsurer’s balance sheet strength and parental support in its decision.
