Hiscox
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Cyber, mortgage and crop were identified as attractive growth areas. -
The carrier’s retail division saw premiums increase by 7.3% to $2bn.
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The underwriter has worked at Hiscox, Lloyd’s, Chubb and Zurich.
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Marlon Williams will focus on the placement of reinsurance and retro business.
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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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Top line grew across all carriers even as pre-tax profits dipped.
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Matthew Budd has over 30 years’ claims experience and previously worked for Talbot and XL.
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The carrier posted its H1 results earlier today, beating analyst consensus.
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The carrier also announced an increased share-buyback programme.
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Stephane Flaquet replaces George Marcotte, who has been interim COO since September 2024.
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The executive previously held roles at Capgemini, The Hartford and AIG.
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Plus, the latest people moves and all the top news of the week.
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The broker has been building out its Bermuda reinsurance presence.
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Analysts were interested in the potential for fee income from the retail division.
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The majority of the savings are expected to be realised in the retail division.
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The hire is the latest in the newly formed carrier’s buildout.
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Motion Specialty will initially focus on high value home and flood insurance in the US.
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Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases.
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Plus, the latest people moves and all the top news of the week.
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The executive also addressed the impact of the US tariffs.
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The carrier reported a 3% price reduction across London market business.
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The executive joins from the London Stock Exchange.
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Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.
