Operations/tech
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The broker will track and rank carriers’ response times. -
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The market’s dearth of third-party managing agents is a source of tension among young syndicates.
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CEO Mario Greco said his future retirement had nothing to do with bringing the plan forward.
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The company is on track to exceed its targets for 2023-25 one year ahead of schedule.
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The broker will be using Verisk US agricultural risk models.
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Greco will likely remain in place in the medium-term, which could mean major M&A and a Lloyd’s platform.
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The international segment’s net written premium grew 15.8%.
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In a decade this market could grow from $5bn to $60bn.
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Parent MS&AD highlighted “strong underwriting fundamentals”.
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A new report put enhanced underwriting at 7% of Lloyd’s GWP with potential for fast growth.
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CEO Stef Raftopoulos said the company platform will let the operation reach a suitable scale.
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