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The combined ratio improved by 3.2 points, from 80.9% in 2023 to 77.7% in 2024. -
Adam Russell most recently held the role of head of strategy for global placement.
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The rating allows IQUW to access $1bn in group capital.
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The company booked profit for the year of £247mn, up 20% on the prior year.
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Larger companies ranked regulatory breach as their top risk.
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The syndicate’s claims ratio worsened due to an “exceptionally active” hurricane season.
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The syndicate expects £5.8mn-£8.6mn in California wildfire claims.
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Reinsurance made up 12% of the syndicate’s 2024 GWP.
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Cat losses from Helene, Milton and the Oklahoma tornadoes will fall within expectations.
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A roundup of all the news you need, including our podcast with Acrisure Re’s Simon Hedley.
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Standfirst: The syndicate reported a strong turnaround despite exposure to major claims.
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Experts at Insider Progress shared tried-and-true methods to get women into boardrooms.
