TMK
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TMK is the largest insurer of aviation risks at Lloyd’s by gross written premium. -
Casper was launched last year by Argenta deputy active underwriter Bradley Knight.
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TMK Syndicate 510’s profits fell by 31% in 2022, a decline it attributed to £55.86mn in unrealised losses from investments.
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Names voted overwhelmingly in favour of the combination.
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A leaked document also details the rationale for the planned combination of syndicates 510 and 557.
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Aviation head David Slevin continues to build out his team with Robert Lilley appointment.
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There will be significant movements in the ranks of the top 10 syndicates in 2021, with Brit moving into second place and Axa XL tumbling to 7th.
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The new Syndicate 1796 is the conduit for the initiative and is backed by 14 global (re)insurers.
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The syndicate will have a stamp capacity of £1.5bn ($1.9mn) for 2021.
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Elliott Goss will become the group’s head of claims from 17 August and be based in London.
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The new claims chief has over three decades’ experience and has worked at TMK since 2012.
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Neal highlights “urgent responsibility” for market to address racial bias as the African-Caribbean Insurance Network draws up six steps for racial inclusivity.
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