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Rachel Sabbarton has been promoted to CEO at Lancashire Syndicates. -
A number of staff will be leaving the D&O team as a result of the restructuring.
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The syndicate now predicts a return on capacity for 2021 of between -5% and 5%.
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He joins from MS Amlin, where he was lead underwriter for US casualty.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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Both organisations still predict an above-average hurricane season.
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Tom Hester joined the broker in 2018 as SVP.
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Philip Dalton succeeds partner Colin Hasler, who has retired after a 42-year career.
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The carrier cited elevated cat and large-loss activity, including the LA wildfires.
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The reinsurer chair said the frequency of losses today “will prevent prices from slipping too much.
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California wildfire losses were partially offset by improved underlying underwriting.
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