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The broker has launched a company market section of the facility called Encore. -
The property and specialty insurer reported underwriting profits of $131mn ($170mn).
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The product provides primary and excess coverage limits up to £5mn.
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Predicting underwriting conditions for the remainder of the year is ‘challenging’.
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The London carrier posted an undiscounted combined ratio of 79%, up from 74% in 2023.
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The MGA’s US clients will now have access to London market capacity.
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This year's modelled outputs have increased across all return periods.
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The CMC will categorise cyber events that have a potential financial impact of £100mn+.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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Jason Hart, head of proactive cyber, was also promoted to managing director.
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Panellists discussed the softening market, and what would flip the switch on rates.
