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The syndicate reported an undiscounted net combined operating ratio of 77.9%. -
The Corporation saw improvements across all three leadership levels.
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Opportunities for insurance in transition-related activity “incredible”.
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The market improved on attritional losses in 2024 – but slowing rate growth raises queries over top-line momentum.
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While market underwriting profit slipped 10%, the underlying combined ratio was under 80%.
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Followers will automatically support primary or excess Inigo quotes.
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The executive spent a brief period at Wakam in a capital and reinsurance role.
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The executive said the firm had to focus time and investment on the most meaningful projects.
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The transition will take place immediately, with Anthony Baldwin set to leave next month.
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North America is likely to be the most financially impacted by the scenario, Lloyd’s said.
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Ascot Underwriting CEO Ian Thompson, who took the helm last summer, discussed emerging headwinds.
