Interviews
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Chairman Neil Eckert and CEO Trevor Carvey said the outlook for the market remains "very good". -
The executive said that capital, tech and algorithmic capabilities would help the structures endure.
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The broker facility is led by Beazley’s Smart Tracker Syndicate.
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The carrier has undertaken work to give it “optionality” for a public listing, but has no plans to list in the short term.
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The investment banker said the scarcity of attractive assets made the MGA market “red hot”.
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CEO Stef Raftopoulos said the company platform will let the operation reach a suitable scale.
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The carrier is set to start underwriting five new lines of business in the Lloyd’s market.
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The marine underwriter said the business had grown through taking “very big positions” on programmes.
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The executive also highlighted SRCC in property treaties as a concern.
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The carrier is looking to grow its specialty offering across Europe and APAC.
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Nick Orton said the market is now pricing for non-peak perils, amid some surprise losses.
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Pockets in the business are still experiencing significant stress, she added.
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