Interviews

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.

The executive said the carrier had sufficient “dry powder” to expand in hard market conditions.

The executive said the low claims of 2022 and the large losses of 2021 were anomalous.

The MGA’s international platform hopes to bring in MGA underwriters looking for US expansion.

John Thompson, Graham Kilby, Richard Peers and Russ Nichols will take the top jobs.

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.

The Lloyd’s carrier’s CEO said the market must now ‘climb out of the rehabilitation phase’.

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.

In an interview with this publication, the CEO admitted the transition “took longer than any one of us would have wanted”.

CEO Nick Cook said the company also plans to invest in an international MGA strategy and a capital advisory unit, with 149 hires budgeted this year.

Beazley’s $45mn first-time cyber cat bond offered all-perils coverage, though some expected early deals to start with limited scope.

Group CFO and incoming president of insurance Jeremy Noble has told Inside P&C that the insurance operation is where Markel sees the most upside potential.