Operations/tech
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The additional raise takes the carrier’s committed capital to $3.2bn. -
The carrier says it will back “climate-positive” technologies at the expense of carbon-intensive businesses.
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The entity will be led by former Marsh Pacific executives Andre Louw and Igor Fijan.
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The start-up adds Angus Hampton as head of international casualty and reports a quota-share focus during the renewals.
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The CFO said the new access point for investors would not be used to inflate Lloyd’s capacity and dampen returns in the market.
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The insurer highlights the discrepancy between how the Trump rally and BLM protests were treated.
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The move comes as environmental policies move up the list of investor priorities.
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The broker joins a growing list of organizations severing commercial dealings following last week’s attack on Capitol Hill.
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The Allianz-owned non-life carrier closed to new business in 2015.
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The new classification will allow the carrier to increase GWP and third-party risk.
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They are the latest in a spate of renewable energy hires, which the broker has been growing over the past year.
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This publication previously reported the retail broker would change hands for more than £250mn.
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