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The managing agency’s syndicate will see its stamp capacity increase to £360mn in 2023, from £310mn this year. -
The entrepreneur will help shape and execute the strategic direction for the algorithmic underwriting specialist.
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Lancashire 2010 has had its syndicate business forecast approved, but it may be revised in the wake of Hurricane Ian.
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Acrisure’s Flux syndicate will be a test case for a broker’s presence at Lloyd’s, one which rivals will watch closely.
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A ballot date of 9 December has been set to replace Dominic Christian on the Council of Lloyd’s, as his term of office is set to expire on 31 January 2023.
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Syndicate 2689 will also be shifting its business plan for 2023, now choosing to focus on single-class consortia.
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Lloyd’s CEO John Neal said the challenges thrown up by the conflict could lead to difficult decisions in the short term.
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Consortium 7763 will write risks on behalf of Aegis, Antares, Apollo, Axis, Chaucer and Munich Re.
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An investigation concluded there were no security or data compromises.
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Sources told Insurance Insider that unusual activity was the result of an update to some of Lloyd’s systems, however the Corporation declined to comment on speculation.
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In a canvass of London market professionals, most placed their “gut feel” industry loss estimate for Hurricane Ian at $40bn-$50bn.
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A market memo confirmed that investigations are now at an "advanced point".
