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Wind XoL rate increases are tapering off, while cedants push for commission increases on quake quota-shares.
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The flight from volatility could have the industry poised to enter another phase of structural change.
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The intermediary has also bought a majority share in Ace Re.
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The intermediary’s London Market Appetite Survey also found increased enthusiasm for sustainable energy risks.
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The theme of yesterday’s market briefing is that Lloyd’s is now moving into a period of growth, having completed remediation, but it wants smarter, sustainable growth.
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The insurance trade body has called on governments to increase actions to mitigate risks.
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The legacy market is entering a new era of increased deal competition with intensifying margin pressures, while the number of deals in the market is proliferating.
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The carrier also trimmed its retro programme in “challenging” buying conditions.
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Interim chief Bruce Hemphill has returned to his role as non-executive chairman after 12 months of turnaround work at the legacy carrier.
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The rise accounts for growth in the firm’s specialty auto book.
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The business will deliver legacy portfolio transactions for other Lloyd’s syndicates and be managed by Capita.
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Prior to securing the top A&H job, Andrew Maynard was global product lead for wholesale life and A&H.