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The sector recorded total premiums written in London of £11.9bn in 2024 -
The carrier notified California regulators that it would stop renewing plans starting last month.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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Mark ‘Ollie’ Hollingworth has held his current role at Atrium since 2017.
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Syndicate 1440 was approved to assume business incepting January 2026.
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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
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The executive most recently served as head of North American treaty reinsurance.
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The data modeling firm said losses previously averaged $132bn annually.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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A notable uptick in attendance underpins the value still placed on the iconic trading centre.
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The mid-year renewals point to mounting pressure on reinsurance pricing.
