Reinsurance News
Atrium Underwriting
Are fully automated, computer-based insurance contracts in the works?
24th August 2022
A new note from the CIO of Atrium says that the London Market Group’s Data Council is aiming to create a fully automated, computer-based digital contract for insurance business. Writing on the Atrium website, Justin Emrich says that the ultimate future vision is a fully computable contract. He wrote: “Computable contracting is ... Read the full article
Atrium appoints Peter Laidlaw as active underwriter
2nd August 2022
Atrium has appointed Peter Laidlaw to be an active underwriter on its roster, starting at the beginning of next year. Laidlaw’s appointment comes as existing active underwriter Toby Drysdale moves to take on an advisory role as director of corporate underwriting review with responsibility for consulting the Board and providing underwriting ... Read the full article
Atrium fined over £1m by Lloyd’s for non-financial misconduct
16th March 2022
Underwriting firm Atrium has been fined over £1m for non-financial misconduct, an amount that Lloyd’s said was the largest penalty ever imposed. The fine, said Lloyd’s, totals £1.05m, plus the payment of costs to the market of £562,713.50. It was however discounted by 30% as the proceedings were apparently settled at ... Read the full article
Beazley, Chaucer, and Gaia team up for new IVF underwriting approach
14th February 2022
Beazley and Chaucer have been working with Gaia to design a new underwriting approach for IVF treatment within the UK. Gaia said that the product will be led by Beazley with further support provided by Chaucer and Atrium. Meanwhile, it has been appointed as a Lloyd’s Coverholder. George Beattie, head of incubation ... Read the full article
Atrium Underwriters teams up with AI firm Tautona
2nd February 2022
Atrium Underwriters is to automate the initial evaluation stage of its North American property claims through a partnership with IT firm Tautona. The partnership will use an AI system built by the latter, and which the companies say has been through a ‘lengthy pilot stage’. It is understood that it is ... Read the full article
Atrium hires Toby Russell as Casualty Treaty Underwriter
19th October 2021
Atrium Underwriting (Atrium), the managing agent for Lloyd’s Syndicate 609 has appointed Toby Russell as Casualty Treaty Underwriter reporting to Andrew Winyard, Head of Casualty Treaty. He joins Atrium from Aon Re, where he worked the past 8 years as a broker within the North American Casualty Treaty team. Winyard commented: “Toby ... Read the full article
Atrium adds Michael Cusition to Marine team
11th October 2021
Atrium Underwriting,, the managing agent for Lloyd’s Syndicate 609, has announced the appointment of Michael Cusition as Marine Underwriter, reporting to David Sankey, Head of Marine. He joins Atrium from Munich Re having held the position of Underwriter of Marine & Energy Liabilities. Prior to that, he spent four years as Assistant ... Read the full article
Atrium names Mike MacColl as Head of Hull & War
22nd September 2021
Atrium Underwriting, the managing agent for Lloyd’s Syndicate 609, has announced the appointment of Mike MacColl as Head of Hull and War. MacColl has over 35 years’ experience in the marine market having started his career at Lloyd’s Claims Office. He joins Atrium from AXA XL where he held the position of ... Read the full article
ASR secures additional $10mn capacity for PVT from Atrium Underwriting
22nd July 2021
Africa Specialty Risks (ASR) has secured an additional $10 million capacity for its Political Violence and Terrorism (PVT) division from Atrium Underwriting (Atrium). This is in addition to the multi-year binder capacity across all of ASR’s business lines, of up to $25 million per risk through a partnership with GIC of ... Read the full article
Atrium’s underwriting profit shrinks 31%
2nd March 2021
Atrium Underwriters Limited (Atrium), the managing agent for Lloyd’s Syndicate 609, has reported a 31% decrease in underwriting profit to £33 million for 2020. Total comprehensive income similarly decreased by 24%, from £72 million to £55 million. In contrast, Atrium increased its gross written premiums by 7% from £590 million to £633 ... Read the full article
Atrium Underwriters adds Chris Stooke as Non-Exec Chairman
26th June 2020
Atrium Underwriters, the managing agent for Lloyd’s Syndicate 609, has announced the appointment of Chris Stooke as Non-Executive Chairman. Effective January 2021, Stooke will replace Steve Cook, who is set to retire at the end of this year. Stooke will work closely with the company's Chief Executive Officer Richard Harries and its ... Read the full article
Enstar rejects potential sale of Atrium and StarStone
19th September 2018
Enstar has announced that it is “no longer assessing market interest” regarding the potential sale of its active underwriting businesses, Atrium and StarStone. The insurance, reinsurance and run-off specialist revealed in June said that it had, alongside fellow investor Stone Point Capital LLC, engaged an investment bank to assess interest ... Read the full article
Enstar considering Atrium and StarStone sale
18th June 2018
Bermuda based insurance, reinsurance and run-off specialist Enstar Group Limited has retained investment bankers to explore a potential sale of its active underwriting businesses. In a move clearly designed to test the market's appetite for another pricey M&A deal, Enstar said that recent transactions led to the decision to find out ... Read the full article
- ← Previous
- 1
- 2
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
