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Improved underwriting performance and double-digit top line growth at most carriers has characterised results reported so far.
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Atrium Underwriters has posted a combined ratio of 88% for 2021, with a strong underwriting performance driving profits up 24% to £68mn ($92mn).
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The carrier is looking to rapidly achieve scale, taking advantage of its capital light model.
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Plus the latest Q4 earnings and all the top news from this week.
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The Bank of England governor indicated how Solvency II reforms could create opportunities for carriers to support investment.
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Emerging results suggest a far-improved Lloyd’s underwriting performance in 2021.
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The deal covers the 2019 and prior years of account, but the size of the liabilities in scope were not disclosed.
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The broker’s report highlighted that trade credit underwriting is considered “flexible”, with limits increasing and coverages broadening in this class.
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The company said that it was creating a new product for customers underserved by traditional insurers.
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The firm will now accelerate plans to expand in the US, its major target market, as well as Germany, Australia and Japan.
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At root, London and Lloyd’s needs to strengthen its value proposition for four distinct groups: capital providers, multi-platform carriers, brokers and cedants.
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Prior to her promotion, Janine McGriskin held the role of senior underwriter, UK financial institutions, at the carrier.