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Lloyd’s reported reinsurance GWP increased 10.6% to £13.2mn. -
Gross written premium was up 6% year on year.
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Lloyd’s will keep heritage systems operationally resilient until at least 2030.
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Growth in the SME sector could help stabilize the market, however.
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Syndicate 1440 was approved to assume business incepting January 2026.
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Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
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The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.
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The executive most recently served as head of North American treaty reinsurance.
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The executive has worked at RFIB, Benfield and Guy Carpenter during his 30-year career.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
