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The carrier reported an increase of 82% in pre-tax income. -
The underwriter left Navium Marine last year and before that worked at Atrium.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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Written premium increased by 31% to $2.41bn as top-line growth brought expense ratios down.
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Duc Tu and Lucy Howard have resigned from Atrium.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
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CEO Alex Maloney said Lancashire’s growth was “more measured” amid softening.
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The carrier posted its H1 results earlier today, beating analyst consensus.
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The carrier also announced an increased share-buyback programme.
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Emerging lawsuits and expanding loss triggers are giving rise to potential claims under a range of policies.
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The carrier said most lines remained well priced despite increased competition.
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Prior-year reserve development moved to a $6.3mn charge in Q2 from a $19.3mn release a year ago.
