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The underwriter worked for Markel for a decade. -
It is understood that Lectio is now at ~$160mn of premium and could rise to $270mn next year.
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The result was impacted by recent adverse development on a liability portfolio.
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The P&C re unit will target a combined ratio below 85%.
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The P&C re unit will aim for a 79% combined ratio next year.
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The Aventum Group broker launched a cargo and stock throughput division earlier this year.
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Reducing duplication of reporting is key, the association said.
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The facility was launched in partnership with the EBRD.
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Alexander Schlei will succeed Carsten Schulte in his former role.
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The carrier said its P&C and L&H reserves have been confirmed by independent reviewers.
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The firm will maintain a close partnership with Brit as a nominated lead across all classes.
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In October, this publication revealed that the carrier had resumed IPO preparations.
