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Other capacity supporting the syndicate is mostly individual Names, sources have said. -
The investment banker said the scarcity of attractive assets made the MGA market “red hot”.
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Syndicate 1947 is understood to have served notice to Hamilton in recent weeks.
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It is targeting $25mn GWP this year and $50mn GWP in 2025.
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In a decade this market could grow from $5bn to $60bn.
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The underwriter has spent his career so far with Talbot.
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Harriet James was previously head of sustainability at RenaissanceRe
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The syndicate will transition to a coverholder for Greenlight Re in 2025.
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A new report put enhanced underwriting at 7% of Lloyd’s GWP with potential for fast growth.
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The recruitment comes amid a spate of hiring for Westfield.
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The company’s net asset value per share is expected to hit £2.06.
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The number of Corporation roles potentially impacted remains unknown.
