Lancashire

The carrier’s insurance GWP increased by 35.1%, while reinsurance GWP grew by 19.9%.

Beazley and Lancashire’s plans to launch US units exemplify wider competitive challenges that the market must overcome to thrive.

The business is likely to target energy casualty, property D&F and inland marine in its first year.

She will join the team headed up by Stella Tomlin, who launched the Lancashire marine liability book in 2021.

Wood spent most of his near-19-year stint at Lancashire as head of property D&F for Lancashire’s Lloyd’s Syndicate 2010.

Most carriers were keen to talk about how they are taking on the ongoing hard market in Q1, but some complexities partly offset their good news.

Reforms to the UK listing regime may enhance prospects of an insurance firm opting to IPO in London in future, but several broader problems, including liquidity issues, will also affect such a decision, according to industry sources.

Montgomery Aviation and Rise Aviation Limited, along with EOS Aviation, have launched fresh legal battles against Convex and Lancashire.

Lancashire said positive rate momentum in the market was benefitting nearly all of its business lines, including its reinsurance portfolio.

Simon Fraser stepped down from Lancashire’s board after nine years of service.

The carrier recorded an unrealised investment gain of 1.5% compared with a loss of 2.3% in the same quarter last year.

Alison Gaudette will report to group chief risk officer Louise Wells.