A number of Lloyd's syndicates are set to take advantage of propitious pricing conditions next year with significant planned increases in stamp capacity, The Insurance Insider can reveal.
Lloyd's Franchise Board has granted managing agency Apollo in-principle approval to establish Special Purpose Arrangement (SPA) 6133, which will reinsure a portfolio of property catastrophe business underwritten into its main Syndicate 1969
XL Group is already seeing double-digit rate rises for short-tail lines, with loss-affected accounts showing higher increases, according to Greg Hendrick, president of property and casualty insurance and reinsurance.
In a clear indication of the extent to which diversification into specialty lines has helped drive recent London company market growth, an analysis by the International Underwriting Association (IUA) has shown that so-called "other" premium rose 26 percent in 2016
