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It also reported that severity increased by 17% in the same period.
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Increased interest follows ratings agency upgrades of Lloyd’s paper.
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Lloyd's of London is the world's oldest and most famous insurance marketplace, but how does it remain relevant to the 21st century economy?
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Bronek Masojada said London should be shouting louder about the good work it does.
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Oak Re Syndicate 2843 will commence underwriting from 1 January 2025.
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Smart-follow is creating a third tier of provider – the “lead follower” – but broader efficiencies must be achieved.
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Listen in as Dale Underwriting's CEO Duncan Dale discusses expansion plans following landmark CVC deal and gives his views on the casualty market. Dale also outlines his ambition to partner with third parties through the company's managing agency.
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The peril is posing an increased risk of loss for the sector.
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Only 14% of board seats are filled by women, but directors at brokers tend to be younger than at managing agents.
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The facility automatically follows the lead market which offers the lowest quote.
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The short-tail buildout will feature lines including political violence and marine.
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Insuring the transition is frequently touted as a major growth opportunity, but when it comes to renewable energy, complications abound. Natural catastrophe, evolving technology, and data scarcity all add to the complexity of underwriting in the class. GCube's Fraser McLachlan has been operating in the renewables sector over several market cycles, and gives his insight on the latest dynamics in the class.