Specialty lines

The broker has launched a company market section of the facility called Encore.

Some of the Big Four are slowing growth as the market softens.

Based in London, the executive joined BMS nine years ago after a stint as MD at AJ Gallagher.

The hire is part of a wider expansion across Willis’s specialty business.

Of the 178 passengers and crew on board, no serious injuries have been reported.

The property and specialty insurer reported underwriting profits of $131mn ($170mn).

Lloyd’s hopes to protect healthy pricing, but focus is on broader structural market shifts.

The Corporation said pricing within aviation was “almost certainly inadequate”.

He also joined Everest’s board last week as an independent director.

The syndicate reported an undiscounted net combined operating ratio of 77.9%.

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The broker said the list of perceived obstacles was “fairly damning” for insurers.