ERS
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The cyber market will interpret Lewis’s hire as a signal IQUW is looking to grow the book proactively. -
The carrier previously identified cargo as a target class in the business’s specialty build-out.
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ERS’ recently rebranded (re)insurer IQUW has confirmed the appointment of Stephen Young as CEO for a new Bermudan division, as first revealed by this publication.
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The executive stood down from leading Sompo International’s reinsurance business last year.
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The rebrand follows a last-minute acquisition of the firm by Aquiline-owned Lloyd’s syndicate ERS, in December of last year.
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Public-private partnerships such as state-backed reinsurance pools can also enable a more “proactive” approach to climate innovation, the organisation said.
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The expansive syndicate was one of several players to join the D&O market after dramatic rate rises last year.
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The appointment will support Syndicate 1856’s expansion into new lines, the parent said.
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CEO Peter Bilsby says Syndicate 1856 sees significant opportunties to expand profitably into the hardening market.
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The hires are the latest in an Aquiline Capital and Abry Partners-backed diversification effort.
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Plus the inside story on the Helios Ray crash and all this week’s top news.
