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John Neal said Burkhard Keese had guided Lloyd’s to some of its best financial results. -
Capacity will be available to 11 open-market lines of business.
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The long-planned move is part of a choreographed handover to the former Direct Line executive.
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The French credit insurer has Apollo lined up as its managing agent.
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Gavin Jackson assumes responsibilities previously held by David Pigot, who retired recently.
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Syndicate 1200 CEO Graham Evans says growth will likely slow in 2025 as the market reaches inflection point.
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The vehicle has $2.55bn in capital committed by institutional investors.
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The members’ agent said 2024 will still be a profitable year for Lloyd’s.
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Sheila Cameron urged “calm and caution” on the implications of a Trump presidency.
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Losses are likely to fall within syndicates’ loss budgets, it said.
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Underwriting oversight is top of the agenda for some, whilst others prioritise progress on tech and operations.
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Syndicate 609 will cede net loss reserves of approximately $196mn.
