London market

With parts of Blueprint Two not due to be finalised until Q1/Q2, PPL is understood to be looking at sequential alignment to the CDR and other elements.

Underwriters are navigating tricky territory as they look to hit growth targets while maintaining discipline on pricing.

Sources told this publication Tom Draper would become head of insurance at the expansive MGA’s European operation.

Syndicate 1221 is expected to return to underwriting profitability for 2021, The Hartford’s head of international Carl Bach said.

The latest attempt to sell Tysers comes with an injection of competitive tension and an improved set of numbers for the 200-year-old broker.

The chairs will lead three sub-groups, which have been formed from a wider technical group liaising with the Data Council, to begin vital work on adopting the Blueprint Two reforms.

The broker said new entrants were “holding their nerve” and that clients should not expect insurance spend to be slashed.

Improved underwriting performance and double-digit top line growth at most carriers has characterised results reported so far.

Atrium Underwriters has posted a combined ratio of 88% for 2021, with a strong underwriting performance driving profits up 24% to £68mn ($92mn). 

The carrier is looking to rapidly achieve scale, taking advantage of its capital light model.

Plus the latest Q4 earnings and all the top news from this week.

The Bank of England governor indicated how Solvency II reforms could create opportunities for carriers to support investment.