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The broker expects rate increases across 14 commercial lines next year.
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RSA will reduce its international marine book as well as exiting international construction, freight and fixed-price marine protection and indemnity insurance. -
Burke to become chairman and Clarke president of Marsh-JLT Specialty.
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Under the agreement the club and insurer will offer joint P&I cover for ocean-going vessels.
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The syndicate will increase capacity for specialty, marine reinsurance and energy.
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The reinstatement of US sanctions ends Validus’ Iranian marine cover.
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The co-operation will help Windward distribute its marine risk analysis product through IHS Markit’s platform.
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As the ramifications of Lloyd’s crackdown on profitability becomes clear, the sad reality is that many people are losing their jobs.
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Other businesses with reinsurance exposure like TMK, Tokio Marine HCC and Safety National remain core.
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Inglessis takes over from Alan Olivier who has stepped down from the role.
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The syndicate has repositioned its portfolio over the course of the past 12 months.
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The executive will stay on as CEO of the Lloyd’s business until a replacement is found.
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