Interviews
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The broking CEO set out the London wholesaler’s growth strategy a year on from the AUB takeover announcement.
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The broker’s international chairman said that without an influx of new capacity, the market will remain disciplined.
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MS Amlin Syndicate 2001 – one of the largest in the Lloyd’s market – reported a combined ratio of 99.9% for 2022.
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The executives said the P&I market needs to be “very careful” about underwriting conditions.
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Gard’s best underwriting results in 15 years was driven by the “extraordinary” lack of large losses in its commercial marine and energy business last year, according to CEO Rolf Thore Roppestad.
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The executive said the carrier had sufficient “dry powder” to expand in hard market conditions.
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The executive said the low claims of 2022 and the large losses of 2021 were anomalous.
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The MGA’s international platform hopes to bring in MGA underwriters looking for US expansion.
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John Thompson, Graham Kilby, Richard Peers and Russ Nichols will take the top jobs.
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The PRA’s Charlotte Gerken has set out the regulator’s initial thinking on tracking inward investment to the London market, among other measures, to implement its new economic growth duty.
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The Lloyd’s carrier’s CEO said the market must now ‘climb out of the rehabilitation phase’.
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With PPL just two weeks from launching its twice-delayed Next Gen placing platform, new CEO Joe Gordon has stressed the importance of a migration this year to a completely rebuilt system and its potential as a rich data hub for the market.