Inigo
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The carrier increased its top line by 35% to $1.1bn.
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Harker was previously global chairman and CEO of Marsh Aviation.
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Cyber will be the only line Inigo enters this year after pushing into several new lines last year, including FI, aviation war and onshore energy.
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The start-up carrier also secured a ~20% uplift in GWP planned for 2023, taking it to $1.2bn, after resubmitting its Lloyd’s business plan.
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It’s understood that Inigo pulled out of the class due to rising reinsurance costs, while The Hartford has exited following the departure of its head of PV and terrorism, Grant Witheat.
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The Richard Watson-led carrier has continued to broaden its suite of products since launching at the start of 2021.
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The rapid cooling of the US SPAC and de-SPAC market could also prove fertile ground for the plaintiff bar.
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The new lead underwriter has almost 30 years’ experience including stints at Chubb, Faraday and Howden.
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Atrium aviation war underwriter David Langran has resigned to join expansive start-up business Inigo, Insurance Insider can reveal.
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Inigo 1301 achieved the greatest scale of the new syndicates, writing $428mn of business.
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