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Technological delays erode credibility, but the market remains strong. -
Alexandra Cliff will take a base pay of £425,000 per annum, compared with Keese’s £550,000.
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Last year, nearly two-thirds of Lloyd’s syndicates reported a deterioration in combined ratio.
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The announcement comes after similar launches with Inigo and Atrium.
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CEOs have been told to stand down resources as wider testing won’t start until October.
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Insurer appetite for facilities is not just about top line, it is also a hedge against disruption.
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GWP increased 24% year on year at the Asta-managed syndicate.
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The combined ratio improved by 3.2 points, from 80.9% in 2023 to 77.7% in 2024.
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In the first part of this series, we explore how smart-followers are mixing up their strategies.
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The company booked profit for the year of £247mn, up 20% on the prior year.
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The syndicate’s claims ratio worsened due to an “exceptionally active” hurricane season.
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The syndicate expects £5.8mn-£8.6mn in California wildfire claims.
