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The cyber insurance CEO said his company wrote $55mn in premiums in 2021.
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Casualty premiums grew 48% and the company raised $663mn in new capital for its alternative capital vehicles.
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The executive has led Aegis London since 2015, and the syndicate has been a consistent top Lloyd’s performer during his tenure.
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Rates are continuing to rise with most sectors experiencing around 15% increases, but, in some cases, cyber accounts had increases of up to 300%, according to Miller’s latest market update.
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The year broke a number of records in terms of insured losses.
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Sabrina Pucci’s resignation follows that of Francesco Gaetano Caltagirone and Romolo Bardin.
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Trade bodies shared concerns today on the London (re)insurance market’s global competitiveness, in the first session of a House of Lords inquiry into regulation.
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The expansive business is targeting a mid-teens multiple on a marketing Ebitda of around £80mn.
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The recommended range for absolute emissions reductions by 2025 should be 49%-65% or more of members’ portfolios.
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The growing fac unit now counts Ziad Seifeddine, Unnikrishnan Menon, Waseem Yoosaf and Alastair Climie among its ranks.
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