The Voice of Insurance Ep211 Alex Maloney Lancashire: We’ve done what we said we would do
May 28, 2024
In this engaging discussion, Alex Maloney, an executive at Lancashire Group known for his straightforward insights into global insurance, shares the company's recent strategic moves. He dives into Lancashire's entry into the U.S. casualty treaty and excess & surplus markets. Alex emphasizes the importance of selective growth, sound underwriting, and the agility of smaller firms in adapting to market changes. He also highlights the need for a strong company culture to attract and retain talent in a competitive insurance landscape.
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Market Opportunities
- The insurance market offers diverse opportunities across various classes.
- Property insurance stands out as particularly favorable due to its current market conditions.
Energy Market Concerns
- The upstream energy market poses concerns due to an imbalance between available limits and premium base.
- Historical precedent suggests potential for significant claims, making it a less attractive opportunity currently.
US E&S Platform Launch
- Lancashire launched a US Excess and Surplus (E&S) lines platform, focusing on property.
- This allows them to enter the world's largest insurance market and access business not typically available in London or Bermuda.