-
The executive previously held roles at Capgemini, The Hartford and AIG.
-
Rates continue to drop as capacity is ample, the broker said.
-
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
-
Errors and omissions claims made up 55% of all notifications, continuing a five-year trend.
-
The MGA has built out a suite of products, including a planned launch into political violence.
-
The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
-
The carrier will focus on mid-market business outside of Lloyd’s.
-
The MGA is building out its product base from its latent defects and surety offering.
-
The reinsurer said the market was unprofitable and pricing needed to increase immediately.
-
The only major product line to see rate increases was casualty.
-
He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
-
The move was influenced by fierce competition in the domestic US D&O market.