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The acquisition allows AM Specialty to expand its E&S offerings. -
Latin America and the Caribbean accounted for 4.6% of GWP for Lloyd's in 2023.
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Underwriters fear that misleading statements about AI capabilities could result in claims.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
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Fears around social inflation have maintained upwards pressure on US liability reinsurance pricing.
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The broker noted a shift towards alternative risk solutions in the MENA region.
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The average risk adjusted rate increase is hovering at about 2% for clean business.
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The broker said there was an opportunity to take advantage of competition to improve outcomes for clients.
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Recent contingency losses reflect a willingness of the market to go looking for premiums.
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Jessica Cullen is relocating to London from New York to take up the new role.
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LMG's latest London Matters report reveals that UK capital has lost ground to the US and Bermuda in some lines.
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The Lloyd’s chief of markets said he was generally comfortable with market fundamentals.
