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The capital partners unit was launched via London Bridge 2 in Lloyd’s last year. -
The MGA has faced high claims activity on its energy liability book, fuelled by social inflation.
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Andy Houston will be based in London, reporting to Mark Roberts, division president UKISA.
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John Neal said Burkhard Keese had guided Lloyd’s to some of its best financial results.
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A roundup of all the news you need, including Lloyd’s CFO Burkhard Keese is to retire in May.
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Capacity will be available to 11 open-market lines of business.
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The long-planned move is part of a choreographed handover to the former Direct Line executive.
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The Floridian also expects to report its “best earnings quarter” for Q4 2024.
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The carrier’s Q4 CoR decreased 34.8 pts YoY to 94.2% as it reported favorable prior-year reserve development.
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The reinsurer is ready to deploy additional capacity following the event, but only if prices are commensurate with risk.
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The claims and services provider has now launched the process it postponed last year.
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The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
