Lancashire
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Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season. -
Plus, the latest people moves and all the top news of the week.
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CEO Alex Maloney said the LA fires might prompt some carriers to go more “risk-off”.
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The carrier reported an undiscounted combined ratio of 89.1%.
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Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.
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The carrier is “extremely well capitalised” to achieve its strategic ambitions.
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James Irvine will report to Cathal Carr, CEO and active underwriter of Oak syndicate 2843.
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Staff movement in the class of business is high as new carriers launch into the space.
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The CEO said the property market was in a “super-good place”, and increased competition was inevitable.
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Rob Lusardi and Michael Dawson are to step down after eight years as directors.
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The carrier increased insurance revenue by 16.8% to $1.3bn year on year.
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