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What happens when a global broker network decides to fill a gap in the London market itself?
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The news comes after the announcement of CEO Graham Evans’ departure.
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The carbon-credit insurer has appointed James Morrell head of credit underwriting.
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Plus, the latest people moves and all the top news of the week.
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As rate reductions present headwinds, firms are expected to moderate expansion.
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Simon Clegg will leave Syndicate 609 after 25 years.
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The London carrier missed consensus on gross and net premiums for H1.
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Part of the syndicate’s premium for clinical-trial-funding cover will move to Syndicate 1902.
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The company has recently made several senior changes to its UK and Lloyd’s leadership.
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The syndicate now predicts a return on capacity for 2021 of between -5% and 5%.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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The Lloyd’s carrier is expected to try to claim multiple times under the policy.