Medmal
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The vehicle is turnkeyed by Mission Underwriters. -
The portfolio will focus on international risks with a focus on the US market.
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The underwriter had worked for Axis and predecessor Novae for 17 years.
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The new team now counts 15 underwriters working with 1,600 brokers across 80 countries to reach more than 6,000 clients.
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Syndicates will sometimes baulk at the degree of oversight in Lloyd’s, but it remains a poor signal that a niche player like 1975 would walk away.
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Covid-19 has led to rate hardening and tightening terms in a market already challenged by social inflation.
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