Lloyd’s

The launch date for PPL’s Next Gen platform was pushed back as the team fixed final defects.

The syndicate also booked a combined ratio for the year of 78.6%.

A canvass of Lloyd’s market executives generated an expected combined ratio of 92%-93% for 2022.

The approval for coverholder status will help to bring Lloyd’s capacity to Africa, it said.

The committee will represent the views of managing agents and provide guidance and advice to the underwriting community.

Nick Tye revealed that Carbon Syndicate 4747’s 2023 plans include an expansion into financial lines.

Misalignment in T&Cs means the London market is now running far more PV risk net.

The executive had been touted to replace Aon’s Dominic Christian in the position.

With PPL just two weeks from launching its twice-delayed Next Gen placing platform, new CEO Joe Gordon has stressed the importance of a migration this year to a completely rebuilt system and its potential as a rich data hub for the market.

The broker said the line of business has experienced 22 straight quarters of rate increases to reach “some degree of profitability”.

Andrew Lewis has outlined growth plans for Xitus, a niche global legacy firm he has co-founded that will focus on non-life and reinsurance deals of $5mn-$50mn.

Staff earning less than £75,000 are to receive £1,500.