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Only 31% of syndicates reported underwriting losses in 2021 – down from 64% in 2020. -
The broker said there was still a “big unknown” around the potential global economic impact of the conflict.
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The partnership ups Mosaic’s North American M&A liability capacity from $41mn to $50mn.
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The syndicate reported a combined ratio of 83%.
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Lloyd’s improved its underwriting performance relative to its most directly comparable peers in 2021, Insurance Insider analysis shows.
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Plus the latest executive moves and all the top news of the week.
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The carrier strengthened reserves by $41mn due to uncertainty around financial and professional lines claims development.
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Head of M&A Mayur Patel is leaving the legacy specialist, while its Asian CEO Martin Kauer is retiring.
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Lloyd’s annual report shows a rise in fees paid to consultants and overall staff costs.
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The 40-year-old firm dealt primarily in North American binders.
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The 11 successful InsurTechs and specialists were selected among 150 applicants who pitched for a place on the incubator programme.
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Inigo 1301 achieved the greatest scale of the new syndicates, writing $428mn of business.
