Lancashire
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The carrier anticipates a “favourable” retro renewal at 1.1. -
The carrier said market dynamics remained robust, with overall pricing healthy.
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Heyburn joins from Brit, where he was A&H class underwriter.
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Top line grew across all carriers even as pre-tax profits dipped.
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Rachel Sabbarton has been promoted to CEO at Lancashire Syndicates.
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CEO Alex Maloney said Lancashire’s growth was “more measured” amid softening.
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The carrier said most lines remained well priced despite increased competition.
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Plus the latest people moves and all the top news of the week.
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The managing agency is offering 62p per £1 for 2026 YoA capacity.
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Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases.
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Plus, the latest people moves and all the top news of the week.
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The CUO described the pricing dynamics in the line as “strong and good”.
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The carrier estimated its California wildfire loss at $145mn-$165mn.
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Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.
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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.
