PROFILE:
MARKETFORM CONCLUDES STRATEGIC REVIEW OF UNDERWRITING AND CONFIRMS COMMITMENT TO CASUALTY CLASSES
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ollowing the recent transfers of its UK and International Market Medical Malpractice businesses and its decision to cease writing General Liability in February, specialist Lloyd's underwriter Marketform announced March 29th, 2016 that it has completed the strategic review of the underwriting area of its business. As a result, Marketform is pleased to re-confirm its commitment to all of its current underwriting lines. These are: Accident & Health, Travel; Bloodstock & Livestock;
Cargo; Financial Lines; Marine & Energy Liability; Marine Hull & War; Mergers & Acquisitions; Political Risks & Trade Credit; Professional Indemnity; and Terrorism & Political Violence.
to the market our commitment to these classes. We believe they represent areas in which Marketform can bring disciplined underwriting, superior service and a differentiated proposition.
W h i l e M a r k e t f o r m ’s broader strategic review remains ongoing, this marks the end of its review into the classes of business it writes.
“It is an exciting time at Marketform. We are pleased that we can move forwards with both confidence and certainty now that we have concluded our underwriting strategic review and stabilised the in-force portfolio. We are now in a position to build upon these solid foundations as we look to put in place the rest of the platform that will enable Marketform to deliver on its potential as a business.”
Martin Reith, Chief Executive Officer, Marketform Managing Agency Limited, commented: “We are delighted to be able to reaffirm
PRESIDENT OBAMA DISAPPROVES OF BRITAIN LEAVING THE EU
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n June 23rd, Britain’s referendum, Brexit, will decide whether Britain remains in the European Union (EU) or not. President Barrack Obama disapproves of Britain leaving the EU, but will publicly state his opinion when he addresses the subject in Britain mid April.
Britain’s population wants to remain in the EU, while 39% believes in leaving.
Typically, the Obama administration tries to refrain from weighing in on foreign politics; however Obama will encourage those who support staying in the EU to vote as there is some concern YouGov, a UK based market that younger voters are less likely research firm, reported 40% of to make it to the polls in June. 26
APRIL/MAY 2016
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Ben Rhodes, Obama’s deputy national security advisor says Obama “Will make clear that this is a matter that the British people themselves will decide.” Political analysts concur that Obama must speak carefully as he can expect his comments to be scrutinized by supporters of Brexit. www.chart-exchange.com