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The London carrier missed consensus on gross and net premiums for H1. -
The carrier booked top-line growth of 2% in H1.
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Brokers turn to harder classes, innovation, commissions and tech to soften the blow.
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Rates were down 3.9% across its portfolio in the first half of 2025.
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Layla O’Reilly and Mark Edwards are among the brokers leaving the firm.
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The airline has exercised a break clause to renew its cover six months earlier.
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Part of the syndicate’s premium for clinical-trial-funding cover will move to Syndicate 1902.
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Steven Crabb will become deputy chairman on the insurance solutions division.
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The company has recently made several senior changes to its UK and Lloyd’s leadership.
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Ex-Tysers chairperson Dan Lott heads the consultancy as CEO.
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In trying to solve multiple needs, specialty reinsurance opens up complexities.
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The repricing on the broker’s $3.1bn term loan will save an estimated $8mn per year.
