Risk-adjusted rates on line for retrocession catastrophe XoL placements were down by 10 to 20 percent at 1 January, according to broker Howden.
D&F
Specialty MGA Rokstone has strengthened its direct and facultative property team with the appointment of Henry Hogarth as senior underwriter.
Fidelis Insurance Holdings CEO Dan Burrows has said the carrier is seeing “a lot of opportunity” in property D&F after growing the portfolio’s GWP by 35 percent in the third quarter, while catastrophes including Helene and Milton will reinforce reinsurance market discipline.
Argenta has appointed Sarah Reeve as senior property underwriter, with a particular focus on heavy industry and international markets.
Rokstone Underwriting has renewed and extended its property direct and facultative (D&F) facility capacity partnership with Allianz Commercial for another two years.
Overall premium income in the London company market totalled £48.43bn ($63.96bn) in 2023, according to the International Underwriting Association (IUA), which when combined with Lloyd’s premium marks the first year in which total London market premium topped £100bn.
Expansive specialty MGA Rokstone has expanded its property direct and facultative (D&F) division with the appointment of Ludo Araujo as senior underwriter.
WTW has bolstered its international casualty team with a trio of appointments to the London-based direct and facultative global line of business.
Fidelis MGU anticipates underwriting in excess of $1bn in direct and facultative (D&F) business this year after growing Fidelis Insurance Group (FIG)’s property book by 49 percent across 2023 to $908mn, equivalent to a quarter of its overall GWP.
New York-listed Fidelis Insurance Holdings Limited doubled down on property direct and facultative (D&F) in 2023 as it took advantage of a strong pricing environment, the group’s latest investor presentation shows.
