Accordion clear for another year
Insurer Lancashire Holdings has renewed its sidecar, Accordion Reinsurance, for another underwriting year.
The sidecar will write a quota share of Lancashire’s property retro portfolio for the 2012 year.
Lancashire focuses on aviation, energy, marine, property and terrorism insurance.
Lancashire chief executive Richard Brindle said: “The renewal of the Accordion facility allows Lancashire to continue to offer property retrocessional coverage at attractive rates following the accumulation of international property catastrophe losses during 2010 and 2011 which reduced the amount of available reinsurance.”
Accordion was launched in May 2011 with flexible capacity of up to $250mn (£160.67m).
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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