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Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market. -
The carrier plans to reduce 623’s stamp by around 10% next year.
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Property remains the dominant line, accounting for nearly 30% of total London premiums.
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The business has ramped up its underwriting volume since launching in Lloyd’s last July.
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Plus, the latest people moves and all the top news of the week.
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This will be the 15th cohort of companies to go through the Lloyd’s Lab.
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There are concerns that repeated delays could lead to market disengagement with the process.
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Lloyd’s has pursued a Big Game Hunting strategy to lure major insurers into the market.
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The syndicate will be targeting approximately $50mn of GWP in its first year.
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Apollo most recently received in-principle approval for Syndicate 1972.
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The insurer’s plans for the syndicate were revealed by this publication earlier this year.
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The reinsurer is moving all its non-cat business to the new syndicate, leaving 1910 focussed on peak cat.
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