Lancashire
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The hire comes after the intermediary agreed to buy Bermudian business Foram. -
The carrier said the claims stemmed from Hurricane Ida and storms in Europe.
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Despite a somewhat mixed outlook, UK listed carriers London players say they are still leaning into growth.
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The CEO said investors would be "scratching their heads" if hurricanes dragged insurers to a loss.
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CEO Alex Maloney said the carrier was starting to ‘reap the benefit’ of three years of rate growth.
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Analysts believe 2021 will be a “transition year” for Hiscox, Beazley and Lancashire.
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The carrier has been rebuilding its team after Alasdair Butler and Lee Aspinall left to launch an MGA.
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Plus the lowdown on CFC’s syndicate capacity and all the top news from the week.
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Rates are beginning to taper in cargo as new capacity enters and staff displacement continues to be high.
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The analyst says Hiscox must convince investors of a retail bounce-back, while Lancashire’s attritional loss ratio is key to better trading.
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The resignation comes amid an uptick of competition in the class after four years of positive rate development.
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David Chalk and Richard Ogoe have cumulatively spent around 16 years at WR Berkley.
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