Insurers
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Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season. -
Markel’s move follows recent market entrances by CinFin, Argenta and Fidelis.
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CEO John Fowle said “isolated missteps” had tarnished Atrium’s record.
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Followers will automatically support primary or excess Inigo quotes.
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The ratings agency noted “significant” underwriting improvement in 2023-24.
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The underwriter will relocate to the London market from Genoa.
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This follows the firm’s exit from primary aviation.
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The executive said the firm had to focus time and investment on the most meaningful projects.
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He said that “everyone’s looking for growth”, as the firm has moderated its top line projections.
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The capacity arrangement with LRA also remains in place.
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Several underwriters left Hiscox’s property D&F team last year to join MGA Velocity.
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