Lancashire
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Staff movement in the class of business is high as new carriers launch into the space. -
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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Plus the latest people moves and all the top news of the week.
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The CEO said the carrier’s hurricane exposure has remained static in the last few years.
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CEO Alex Maloney hailed the results as the “best ever half-year performance” for the carrier.
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The CEO said the carrier had identified several areas in its portfolio as having room to grow.
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The carrier said it remains on track to hit a mid-80s combined ratio at the end of FY 2024.
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The short-term disruption of relisting may be justified by the long-term benefits.
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