Interview
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The CEO was speaking after the carrier posted a $503mn profit in 2023.
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The MGA was founded by Natasha Attray, James Dodd, James Fletcher and Charles Turnham.
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The firm launched late last year in the US with a $250mn capital injection, and has also acquired a UK platform.
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The executive was speaking on the Behind the Headlines podcast.
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The unit will target Northern European M&A within the next six months.
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The MGU is exploring additional third-party capital relationships.
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Vivek Syal will become CUO of Tokio Marine Kiln in April.
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As the interim CEO prepares to hand on the role, a major restructure is ahead.
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Existing taxes could be lowered under a potential new structure.
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The Bermudian posted 18.5% top line growth in its first year as a public company.
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Continued geopolitical and climate uncertainty will hold up pricing.
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Lloyd’s is now an attractive environment for entrepreneurs, the CEO said.
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The firm’s growth focus for 2024 will be in property D&F.
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The LMG chair also discussed the need for tailored regulations.
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The executive said that adequate rates were encouraging insurers to grow.
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Pravina Ladva, Swiss Re's group CDTO, sets out experiments the carrier is conducting with generative AI.
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Instead, the firm’s core segments reported $13.5mn in full-year cat losses.
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The firm will have more flexibility around talent compensation and M&A activity.
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The MS Re CEO said 1 January oversubscription levels on cat were not notable.
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The CEO speaks on portfolio remediation and the future of the lead-follow model.
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In its first year under new ownership and after setting up its own managing agency in 2022, the Lloyd’s syndicate is looking at ways to leverage its infrastructure.
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The platform is adding a contract builder component that would smooth adoption of the new MRC v3 contract.
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The CEO emphasised that while trading conditions are favourable for the specialty segment, the company would make the decision to go public based on its own merit rather than market timing.
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Any firms that struggle to communicate on the new platform will be charged “translation fees” in the long term.
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