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While market underwriting profit slipped 10%, the underlying combined ratio was under 80%. -
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Followers will automatically support primary or excess Inigo quotes.
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The executive spent a brief period at Wakam in a capital and reinsurance role.
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The executive said the firm had to focus time and investment on the most meaningful projects.
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The transition will take place immediately, with Anthony Baldwin set to leave next month.
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North America is likely to be the most financially impacted by the scenario, Lloyd’s said.
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Ascot Underwriting CEO Ian Thompson, who took the helm last summer, discussed emerging headwinds.
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The result is 1.1 points ahead of the midrange of a 6.4%-16.4% forecast.
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Returns on capacity reduced, forecast at 4.4%-14.4%, have settled at 4.6%.
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The insurer has participated on McGill and Price Forbes facilities, as well as Amwins.
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