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The carrier’s estimated first event limit could increase 16%, to $1.35bn. -
The company’s upsized public offering priced at $30 per ordinary share.
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The firm expects to replace the volume with Innovations-channel business.
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The (re)insurer used alternative capital in the reinsurance coverage.
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Hamilton also expects rising demand and stable supply for 1 June renewals.
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Patrick Tiernan was announced as the new Lloyd’s CEO earlier today.
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The underwriter was part of Probitas’ founding team.
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The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
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The MGA is building out its product base from its latent defects and surety offering.
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The group has hired Hines Associates to advise on the process.
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The business is looking to grow its marine offering across its global platform.
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A roundup of all the news you need, including the appointment of a new CEO at Lloyd’s.
