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Reinsurance and property remained the primary drivers of premium growth. -
The MGA’s GWP hit $4.6bn as the CEO labelled aviation all-risks rates “woefully inadequate”.
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The Corporation’s CFO hailed profitable growth but warned syndicates to maintain discipline.
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Syndicate 1984 is set to begin underwriting next month.
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Stuart Cheers-Berry was delegated underwriting authority controller at PoloWorks.
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The binder will provide capacity for international fac property, power and onshore energy.
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The proportion of women in lead underwriting roles still trails other leadership positions.
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Syndicate 1984 will be backed by Names under a modified freehold arrangement.
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Plus, the latest people moves and all the top news of the week.
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Lloyd’s hopes to protect healthy pricing, but focus is on broader structural market shifts.
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CUO Rachel Turk said some syndicates were showing a “mismatch” in ambition and strategy.
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The Corporation said pricing within aviation was “almost certainly inadequate”.
