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The Corporation’s CFO hailed profitable growth but warned syndicates to maintain discipline. -
The product supports investors of early-stage carbon removal projects.
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Syndicate 1984 is set to begin underwriting next month.
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Evercore has reached out to a combination of strategics and private equity houses.
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The UK retail distribution firm is run by former Stackhouse Poland CEO Tim Johnson.
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The broker has also named Andrew Herring chair of the division from next year.
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The hire follows Camilla Gower’s promotion to marine and energy liability head.
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Sources warned some property XoL books are already running 50% loss ratios.
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Brokers and service providers dominated transaction activity.
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The segment’s underwriting results halved to $532mn in 2024 from $1.07bn in the prior year.
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Stuart Cheers-Berry was delegated underwriting authority controller at PoloWorks.
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The underwriter will be based in New York and drive underwriting strategy.
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