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Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June. -
Lloyd’s has pursued a Big Game Hunting strategy to lure major insurers into the market.
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New capacity continues to flow into the hull market, despite rating pressure.
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Bill Bouvier has spent more than three years at the legacy firm in this role.
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An M&A senior analyst and M&A underwriter for emerging markets are also set to depart.
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The syndicate will be targeting approximately $50mn of GWP in its first year.
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Sources said that the carrier has held preliminary talks with private debt investors.
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Scale is increasingly becoming a differentiator for reinsurance carriers, the broker noted.
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Geopolitical turbulence brings new challenges that primary specialty lines carriers urgently need to address.
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The aviation market may prove an outlier following a disastrous year of loss activity.
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Being conservative and stable is the name of the reinsurer’s game.
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Apollo most recently received in-principle approval for Syndicate 1972.
