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Several insurers and MGAs have launched into the class of business over the past year. -
Personnel movement has been high in the PVT class as new capacity enters the market.
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Reinsurance and property remained the primary drivers of premium growth.
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The terrorism pool has shifted its programme from facultative to an XoL arrangement.
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Probitas is set to grow by around 40% this year.
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The political violence market is in a competitive stage thanks to an influx of capacity.
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It is understood that supporters include Munich Re and Brit.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
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Swiss Re has retreated from its “escalation clause” for the Middle East.
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Jelle Ouwehand joined Arch from Marsh, where he was a senior terrorism, PV and war broker.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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Chris Cane and Jaime Hunwicks join from Talbot, Jonathan Bint from Chaucer and Molly Ashcroft from Axis.
