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Brokers turn to harder classes, innovation, commissions and tech to soften the blow. -
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 announcement comes a week after the institutional investor said it would accelerate its pivot to an insurance-led strategy.
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The airline has exercised a break clause to renew its cover six months earlier.
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The estimate covers property and vehicle claims.
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Part of the syndicate’s premium for clinical-trial-funding cover will move to Syndicate 1902.
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The executive has worked for JLT Re, Lockton Re, Willis Re and US Re.
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The Hannover Re CEO said rate adequacy remains “attractive” overall.
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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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A roundup of all the news you need, including Qatar Airways’ hull war cover.
