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Hampden embarked on a new “intelligent follow” strategy in 2023. -
The insurance commissioner said the carrier has not shown the need for price increases.
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Lloyd’s entry is a modest start for the London heavyweight but could be the beginning of something bigger.
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Seven team members are set to exit, including team lead Cooke.
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Hickman has previously held roles at RSA, LV and Axa.
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Continuum is advising the distribution group, which halted its auction in February 2024.
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Talbir Bains founded the Acrisure-owned MGA in 2018.
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The reinsurance to close transaction is effective from 1 January 2025.
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The international segment’s CoR deteriorated slightly due to increased expenses.
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Improved underwriting helped absorb claims from the Baltimore bridge collapse and Hurricane Helene.
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James Shea will lead the new Sompo P&C arm, while Yasuhiro Oba will become Wellbeing CEO.
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More than 33,000 claims had been filed as of 5 February.
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