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The carrier’s president Andrew McMellin is aiming to double London market share in the next five years. -
The executive previously spent 15 years in a variety of roles at Zurich.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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Lloyd’s chair said attractive returns were the “essential bedrock” of performance.
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This is up from last year’s $1bn protection for its Florida treaty.
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Some segments are moving faster than anticipated, but overall, it remains a mixed bag.
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Holschneider co-founded the firm and is currently executive chairman.
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The carrier has scaled up its international insurance offering in recent years.
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The reinsurance division booked 29% growth for the fiscal year to 30 April 2025.
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The managing agent for Syndicate 609 has been involved in an M&A process this year.
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CEO Caroline Wagstaff called for a “tailored and proportionate” approach to regulation.
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The executive brings nearly 30 years of liability experience to the role.
