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The programme structure was expanded, but it is unclear what percentage was placed. -
The group will house a segment for specialty and benefits and another for underwriting.
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The result is 1.1 points ahead of the midrange of a 6.4%-16.4% forecast.
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Returns on capacity reduced, forecast at 4.4%-14.4%, have settled at 4.6%.
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Last month, Acquinex’s 20+ transactional risk team resigned for roles at Dual.
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Rob Littlemore serves as non-executive director of the Lockton Re International board.
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The terrorism pool has shifted its programme from facultative to an XoL arrangement.
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Two major claims have prompted underwriters to question the sustainability of double-digit rate decreases.
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The two Asian companies wrote $265mn net premiums in 2024.
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