Portfolio underwriting
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The syndicate says it will not set any top-line targets on digital follow strategies. -
Paul Sandi, head of reinsurance, will serve as active underwriter for the new syndicate.
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The broker announced the launch of its cross-class facility this week.
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Placement head Delchar said Gemini will be available across its global book of in-scope risks.
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Doan Nguyen-Huu also succeeds Claudia Valencia Lascar as unit head.
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Dan Prince said the firm will work with brokers’ existing relationships.
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The new Lloyd’s chief of market performance also outlined target growth areas.
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Markel is prominent in the growing smart-follow market.
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The CEO transition is already visible in messaging on growth as rate change picks up.
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The CUO noted that market-wide rate change in Q1 was down 3.3%, coming in below plan.
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New broker vehicles are setting up amid accelerated softening in D&F.
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The facility provides follow capacity to US and international placements.
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Plus, the latest people moves and all the top news of the week.
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The carrier beat QBE to the punch to secure the lead position.
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The facility will provide capacity from a tracker unit, as well as quotes using Ki technology.
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Plus, the latest people moves and all the top news of the week.
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The announcement comes after similar launches with Inigo and Atrium.
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Ki cut its top line by 8.7%, while Beazley’s smart-tracker expanded to $481mn.
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The MGA’s GWP hit $4.6bn as the CEO labelled aviation all-risks rates “woefully inadequate”.
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The broker has launched a company market section of the facility called Encore.
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Lloyd’s hopes to protect healthy pricing, but focus is on broader structural market shifts.
