Interviews
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
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The MGA is also looking to build out its US mid-market professional liability expertise.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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Inigo CEO Richard Watson said the team is ready for its “second album”.
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From cat losses from wildfires and hurricanes to litigation battles to the shifting commercial insurance landscape — these are the stories that defined our industry in the last 12 months. In celebration of Insurance Insider US Honors Awards, please enjoy our Year in Review video.
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The Corporation’s chair laid out plans to make Lloyd’s a preeminent market in the long term.
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The CEO said the lack of portfolio crossover was highly attractive to Inigo.
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There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
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The carrier’s chief buyer urged a partnership approach from reinsurers.
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While investors recently have favored the “instant gratification” of supporting brokers and MGAs, start-up reinsurer Mereo CEO David Croom-Johnson said he thinks capital will “fall back in love” with balance-sheet companies who deliver consistent profitable results.
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Scale is increasingly becoming a differentiator for reinsurance carriers, the broker noted.