Lancashire
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Considering Hurricane Ian's impact, rate hardening will only accelerate, CEO Alex Maloney said. -
Robert Lusardi is taking over the role from Simon Fraser, who is stepping down after nearly nine years as a senior independent director at Lancashire.
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Gross written premium grew across all business lines, with P&C reinsurance reporting a 37.5% increase.
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Lancashire 2010 has had its syndicate business forecast approved, but it may be revised in the wake of Hurricane Ian.
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Lancashire has appointed Francis Lobo as head of engineering, Nicola Nairn as group head of reward and confirmed the appointment of Angus Roberts as head of airline.
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Alex Maloney also reiterated that the company, which reported H1 results earlier today, is still “committed” to the cat game.
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The latest addition to the board is a veteran of Axis and Ace.
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The carrier said its ultimate net losses in Ukraine since the start of the conflict were towards the lower end of its initial range, at $22mn.
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Angus Roberts joins from Chubb, where he has been a senior aviation underwriter since June 2019.
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Barnes, Flude, Narbett and Thomas are all to be promoted in a reshuffle.
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The executive will take up the role of global head of marine at AIG.
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Swiss Re goes against the tide in expanding in cat, while specialty rates appear to be holding up better than expected.
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