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In the firm’s 2023 State of the Market report, it covered multiple classes, warning that for property (re)insurance in particular, inflation will likely continue to inflict pressure. -
The veteran underwriter died surrounded by his family while on holiday in Antigua.
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City Minister Andrew Griffith has outlined hopes for the Financial Services and Markets Bill, which will enact various regulatory reforms, including a new competitiveness objective.
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Andrew Lewis has outlined growth plans for Xitus, a niche global legacy firm he has co-founded that will focus on non-life and reinsurance deals of $5mn-$50mn.
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The platform has gained Lloyd’s coverholder status along with capacity from Beazley, Axis and Greenlight Re, and started to bind risks in contingency, before expanding to other business lines.
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The association showed strong leadership and innovative thinking to increase the number of women on its panel without sacrificing fairness.
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Major M&A this year has settled the future of a number of players – while the hard market presents an opportunity for challengers.
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Andrew Hedges – who writes the book – will leave the business after a transitional period to oversee the run-off.
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The band had filed a claim against insurers including Talbot, Liberty Mutual, Brit and Munich Re’s Great Lakes Insurance.
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The London market proved resilient in the face of twin shocks from geopolitical and natural disaster.
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In a review of financial services firms’ D&I policies that highlighted shortcomings, the regulator said policies need to be holistic, and not generic.
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The Corporation is signalling that it wants to be as responsive as possible to allow syndicates to manoeuvre – but will it merely float with the tide of inflation or can growth take off?
