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Carriers achieved sweeping changes in pricing, terms and coverage in a hectic renewal at 1 January 2023, in a reset that sources hope isn’t reversed.
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Syndicate 1856 is looking to back diversified coverholders for the project.
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Emily Taylor joined Hiscox as a senior underwriter in 2020.
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The carrier's global reinsurance panel is led by Arch Re and encompasses 43 other reinsurers, including multiple Lloyd’s syndicates.
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The broker has hired Paul Cousins from Chesterfield Group and Matt Webb from Ed Broking to run the division.
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Exclusions and coverage changes absolutely make sense as a goal, but some wordings have thrown up additional risks.
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Cedants are grappling with rising rates while coverage narrows.
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Insurance Insider selects 10 exclusive news stories reported by our team on the frontline at Monte Carlo Rendez-Vous.
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The carrier’s withdrawal from certain specialty lines comes as remediation feeds through into improved results.
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The former reinsurance leader’s exit from treaty highlights wider pressures on the market.
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Sources described Australia as ‘the new Florida’ while US rates are also on the rise.
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The agency highlighted potential aviation losses from the war ranging from $6bn to $15bn.