Insurers
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The business’s total stamp for both syndicates has hit £1bn for 2025. -
The D&F market now expects 2025 renewals to be flat to down 5%
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It is understood the increase is mainly due to a new professional lines team.
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The results were disclosed in parent company Fairfax’s quarterly earnings.
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London market carriers may be getting competitive, but that is not in itself a bad thing.
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The carrier estimated its net Helene and Milton losses at under EUR200mn.
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Achieving profitability is increasingly challenging in the volatile but historically lucrative market.
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Beazley leads the first $100mn layer of the programme, while Tokio Marine HCC leads the second on the Alesco-placed cover.
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Bullying and sexual harassment were the most commonly reported incidents.
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Overall, insurance rates fell by 1%, led by competition in property.
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Risk managers are increasingly concerned about insurability.
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A canvassing of the market showed some bifurcation on the necessity of a government backstop.
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