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The MGA has had a major impact on the marine market since its launch, writing a substantial amount of business. -
Nearly 70% of respondents to an Airmic survey said the market’s IT systems were gradually improving yet still not fit for purpose.
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The broker said the market was flattening but that large losses in the first quarter would sustain pricing levels.
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Under standard marine war coverage, blocked or trapped ships become total losses after 6-12 months.
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The new platform – a “key deliverable” of the Future at Lloyd’s programme – will consist of a series of select funds across asset classes, made available to London market investors.
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TigerRisk Partners has added two new brokers to its delegated authority business, including entering the Australian market as it appointed Simon Chandler as head of reinsurance broking programmes and binders.
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Lloyd’s CEO John Neal is in hospital following a collision with a car while out riding his bike at the weekend.
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The carrier is focused on maintaining balance across its portfolio and is growing more in specialty reinsurance than property cat.
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If you only read a handful of articles this week, make it the selection below.
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The Lloyd’s CEO's statement was echoed by CFO Burkhard Keese, who said the losses would be “manageable.”
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Management commentary and disclosure from the Lloyd's 2021 result outlines key challenges for the market ahead.
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Lloyd’s 2021 results have revealed significant improvements in virtually all lines of business as well as rocketing premium growth in reinsurance and primary casualty business.
