Insurers

The executive said the firm had to focus time and investment on the most meaningful projects.

He said that “everyone’s looking for growth”, as the firm has moderated its top line projections.

The capacity arrangement with LRA also remains in place.

The executive joins from IG Group.

Several underwriters left Hiscox’s property D&F team last year to join MGA Velocity.

The London carrier posted an undiscounted combined ratio of 79%, up from 74% in 2023.

The result is 1.1 points ahead of the midrange of a 6.4%-16.4% forecast.

Westfield has seen a number of senior underwriters depart the business in recent weeks.

"The Once and Future C&F" delves into pivotal moments within the company and the insurance industry and spotlights the leaders who’ve shaped the company’s legacy over the past 200+ years.

UK and Ireland GI premiums rose 16% over the year.

Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.

The carrier announced a $175mn share buyback.