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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. -
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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Latin America and the Caribbean accounted for 4.6% of GWP for Lloyd's in 2023.
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This is Chubb’s second MGA deal in the past few months.
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The deal will see Darag manage open claims relating to the runoff of Unipol Re.
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Underwriters fear that misleading statements about AI capabilities could result in claims.
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Cyber insurance rates for UK clients dropped 12% on average, Marsh said.
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The CEO also discussed the need for portfolio diversification.
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Major deals include a $1.3bn loss portfolio transfer with SiriusPoint.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
