Insurers
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Large syndicates outside top performer quartiles have been afforded significant room to grow. -
Parent group Talanx reported a 9M operating profit of EUR3.7bn.
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CEO Stef Raftopoulos said the company platform will let the operation reach a suitable scale.
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The minister highlighted London’s critical mass of expertise and tech innovation.
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The business’s total stamp for both syndicates has hit £1bn for 2025.
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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.
