Operations/tech
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It is understood the increase is mainly due to a new professional lines team.
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The QIC-owned carrier has completed extensive remediation in the past two years.
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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
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Over the period, the Spanish carrier’s reinsurance segment expanded profit by almost 10% year on year.
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CEO of WTW’s Corporate Risk and Broking for North America, discusses the transformation in operations, diversity, and talent strategy.
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The new proposition will offer £10mn primary cover and £15mn limit for XoL.
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MIC Global will become Lloyd’s coverholder of Greenlight Re’s Syndicate 3456 for 2025
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Lloyd’s is to take a 75% stake in PPL Technologies Group.
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BP Marsh has taken a 25.5% stake in the energy-transition business.
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The Madrid branch will look to begin underwriting primary specialty insurance in 2025.
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Increased interest follows ratings agency upgrades of Lloyd’s paper.
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