Convex
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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Lloyd’s entry is a modest start for the London heavyweight but could be the beginning of something bigger.
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Syndicate 1984 will have Names capacity and be managed by Asta.
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The upstream market has undergone a period of high personnel movement.
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Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.
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The CEO was responding to comments made by Chubb’s Evan Greenberg.
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Negligence must be proved to cover any loss of life for passengers under P&I cover.
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The ratings change reflects the carrier’s improved performance.
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BOC is believed to be the first lessor to publicly disclose a settlement with its (re)insurers.
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The CEO was speaking after the carrier posted a $503mn profit in 2023.
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Listen in as Convex CEO Paul Brand discusses building and running a $4bn (re)insurer. Also in this episode, Insurance Insider's Rachel Dalton provides an update on Dubai flooding and reinsurance coverage in the Middle East.
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The carrier reported a combined ratio of 89.6% for the year.
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