Hiscox
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The executive joins from the London Stock Exchange. -
Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.
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Several underwriters left Hiscox’s property D&F team last year to join MGA Velocity.
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The result is 1.1 points ahead of the midrange of a 6.4%-16.4% forecast.
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Conditions in the London market remain attractive according to CEO Aki Hussain.
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Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.
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The carrier announced a $175mn share buyback.
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Newer swing products offer an alternative way to deal with escalating awards.
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The offering will provide D&O, professional indemnity/errors and omissions, crime and cyber cover.
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Amie Townsend will be responsible for developing Beat’s UK and Europe platform.
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The MGA can now put down $200mn lines in the niche aviation war class.
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