Insurers
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Property MGA Arden Insurance Services specialises in multi-family habitations. -
The carrier’s profit grew 34% for the year to A$1.35bn.
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The announcement comes a week after the institutional investor said it would accelerate its pivot to an insurance-led strategy.
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The estimate covers property and vehicle claims.
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Part of the syndicate’s premium for clinical-trial-funding cover will move to Syndicate 1902.
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The company has recently made several senior changes to its UK and Lloyd’s leadership.
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Ex-Tysers chairperson Dan Lott heads the consultancy as CEO.
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Rachel Sabbarton has been promoted to CEO at Lancashire Syndicates.
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A number of staff will be leaving the D&O team as a result of the restructuring.
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The syndicate now predicts a return on capacity for 2021 of between -5% and 5%.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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California wildfire losses were partially offset by improved underlying underwriting.
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