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The result was driven by significantly improved claims experience across severity bands.
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The broker has worked for Aon, Ed, Willis Re and Tysers.
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The carrier’s marine and energy liability team is led by recent appointee Stephen Barr.
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In this episode, Hiscox London Market CEO Kate Markham discusses the carrier's AI lead underwriting project with Google Cloud, and the opportunity the insurer sees underwriting energy transition business in the Lloyd's marketplace.
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The MGA has added Scor and Argenta’s syndicates to its panel.
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Daniel Fulco has spent nearly 12 years at LSM.
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The agreement provides £10mn of capacity in several marine lines of business.
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This is Chubb’s second MGA deal in the past few months.
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Cyber insurance rates for UK clients dropped 12% on average, Marsh said.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
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The club’s net combined ratio dropped by 2 points to 93% for the year.
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The carrier launched the consortium last year in a bid to support the clean energy sector.