Managing general agents are facing a capacity crunch and the 'decile 10' initiative by Lloyd's to remove underperforming business is increasing pressure, explains Chris Hardcastle, managing director of Capsicum Delegated Authority.
Boston-based medical malpractice insurer Coverys has received in principle approval from Lloyd’s to launch Syndicate 1975.
R&Q has reached an agreement with Prosight Specialty Insurance to manage Syndicate 1110 in run-off.
Lloyd’s insurer Pro Sight has been placed into run-off, the corporation has confirmed.
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Flood Re has completed its executive team with the appointment Harriet Boughton as its general counsel and Karen Clautour as head of operations.
Prosight Specialty Underwriters has agreed a deal to write a specialist travel insurance scheme for members of the British Mountaineering Council.
Prosight Specialty Underwriting has been appointed by Corgi Home Plan to underwrite its home maintenance products.
Prosight Specialty Underwriters has established an accident and health team in the London market and appointed Roger Perry as lead underwriter.
Prosight Specialty Underwriters has appointed David Dunning as chief financial officer alongside a number of appointments in its underwriting team.
It was a busy week in recruitment again for insurers, with Ace, Marketform and XL Group among those recruiting.
Prosight Specialty Underwriters has handed Syndicate 1110 chief operating officer Bernard Mageean a new role as managing director of the syndicate.
Prosight Specialty Underwriters has appointed Mel Goddard as non-executive director with immediate effect.