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Navigating its path to global specialty growth will require operational dexterity. -
He said that “everyone’s looking for growth”, as the firm has moderated its top line projections.
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The transition will take place immediately, with Anthony Baldwin set to leave next month.
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Predicting underwriting conditions for the remainder of the year is ‘challenging’.
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Several underwriters left Hiscox’s property D&F team last year to join MGA Velocity.
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North America is likely to be the most financially impacted by the scenario, Lloyd’s said.
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The London carrier posted an undiscounted combined ratio of 79%, up from 74% in 2023.
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The group will house a segment for specialty and benefits and another for underwriting.
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The result is 1.1 points ahead of the midrange of a 6.4%-16.4% forecast.
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The executive also spent nine years at Ace.
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The broker also spent five years at JLT.
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The two Asian companies wrote $265mn net premiums in 2024.
