Hiscox
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Brett Sadoff will be the MGA’s head of insurance after running field operations for Hiscox USA.
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The carrier has ceased writing international property direct and facultative business via the Miami operation.
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Lloyd’s and company market both comfortably exceed 10 percent usage target. -
Beazley among the carriers to fall short of analyst expectations.
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London carriers in the Insider 50 outperformed all other groups of companies in the index last week.
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The executive said insurers should not rely on the incoming Lloyd’s CEO to cut costs for them.
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Bevis Tetlow moves to London after more than a decade in Bermuda.
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Beazley and Lancashire posted unexpected misses against estimates.
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The carrier declined to take full advantage of its increased Lloyd's capacity.
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The carrier's $163.6mn in first-half pre-tax profits outstripped a consensus estimate of $152mn.
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Ben Horton joins as CUO from Zurich.
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The market curtailed its projections as carriers failed to secure sought-after rate rises.
