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The traditionally lucrative class has faced a series of challenges in the latest geopolitical crisis. -
The hire follows the departure of David Martin to GIC Re Syndicate.
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The two lines will add £11mn in planned premium.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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Ark has been adding new product lines across its three Lloyd’s syndicates.
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The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
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The recent Iumi conference highlighted the impact of waning globalisation and tariffs.
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Property remains the dominant line, accounting for nearly 30% of total London premiums.
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The executive joins from MSIG USA.
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Plaintiffs allege that manufacturers and retailers have broken environmental laws.
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The Howden MGA established its marine presence in the Netherlands in 2023.
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New capacity continues to flow into the hull market, despite rating pressure.
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The aviation market may prove an outlier following a disastrous year of loss activity.
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The Argenta-backed MGA is already active in the cargo and property classes of business.
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Lloyd’s reported reinsurance GWP increased 10.6% to £13.2mn.
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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
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Donna Swillman is currently a senior underwriter at Axa XL.
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The broker is in hiring mode in specialty after numerous brokers departed for Willis Re.
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The broker said it was achievable to place a $2bn vertical limit in the London market.
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He succeeds Felix Cassau, who is joining Hannover Re.
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A notable uptick in attendance underpins the value still placed on the iconic trading centre.
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Assurex’s global independent broker network pumps $4bn of premium into the London market.
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The insurer has substantially expanded its marine team in recent years.
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Rachel Sabbarton has been promoted to CEO at Lancashire Syndicates.
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The underwriter left Navium Marine last year and before that worked at Atrium.
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The move will impact around $50mn of gross written premiums in total.
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The broker said that there could be a flattening of rate decreases in the hull market in 2026.
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Arch will continue to provide long-term capacity for the MGA.
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The Canadian insurer saw property rates dip across its global divisions.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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Group CEO Tavaziva Madzinga said it might explore Lloyd’s Names backing in the future.
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Sources said MarshBerry is advising the underwriter.
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The carrier has also hired Imogen Wright as underwriter marine and energy treaty.
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The executive has spent 13 years in the broker’s marine division.
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Syndicate 1947 is gearing up to expand its marine reinsurance portfolio.
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The Cathal Carr-led carrier has been building its team since launching this year.
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