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The judge said the lessors “are very unlikely to obtain a fair trial in Russia”
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CFC noted that growth moderated amid increased competition in cyber.
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The syndicate reported profit up 44.7% to $153mn for the year.
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The executive said Aviva and Fidelis had endorsed the market’s turnaround.
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Atrium reserved £264.5mn for potential claims resulting from leased aircraft in Russia.
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The syndicate recorded GWP of £705.1mn in 2023.
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Joe Morrello joined the firm in 2022 after serving as E&S property head at Beazley.
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Active underwriter Smelt said competitors’ ‘blanket’ approaches are creating opportunity.
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The underwriting loss came in at £88mn, as reserve strengthening reached £189mn.
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The Singapore sovereign wealth fund has taken over GIC’s holdings in the broker.
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Combined ratios have improved as prices rise and investments return to profit.
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The syndicate’s GWP reached £1.44bn in 2023, a 7% increase on 2022.
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The syndicate will be Asta managed and have capacity from Hampden Names.
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The executive was speaking on the Behind the Headlines podcast.
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Primary casualty, aviation and motor classes were outliers in a bumper year for the market.
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The partnership will add more capacity on the platform from April.
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The new target go-live date is October, but a milestone plan will be confirmed in April.
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The Lloyd’s CFO said returns needed to remain high due to investor fatigue.
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Pro-forma income hit $1.9bn for the year, alongside pro-forma Ebitda of $695mn.
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Rates continue to trend downwards in the D&O class of business.
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Karlsson was previously head of credit and structured risks.
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CyberCube expects ransomware attack to impact both large and SME accounts.
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BP Marsh took a 30% cumulative preferred ordinary shareholding in Devonshire.
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