Convex
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The veteran underwriter said market conditions are still ‘robust’. -
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
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The claim could add pressure to the hull war market after a recent High Court ruling.
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The ratings agency cited the carrier’s growth and performance.
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Air India has a multi-year insurance arrangement in place.
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The London market is not expected to shoulder the bulk of the eventual loss.
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Jim Meakins is the latest in a slew of talent to exit from the syndicate.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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The specialty MGA has been pursuing an M&A strategy in recent months.
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Growth came across all lines, and losses from catastrophe events were within expectations.
