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Plus, the latest people moves and all the top news of the week. -
Social inflation and larger vessels are making multi-billion losses more likely.
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Westfield’s international expansion saw it buy Syndicate 1200 from Argo for $125mn.
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The broker has made several recent hires within its marine division.
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The carrier unveiled its launch last week and is hiring across its divisions.
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Contour Underwriting is a specialty lines MGA.
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Iumi expressed concern about the escalation of trade wars.
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New entrants have contributed to competition in the class of business.
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New entrants in the cargo space have caused another round of talent displacement.
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The business wrote the deal through its recently established Lloyd’s syndicate.
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Loss assessment is at an early stage, but senior sources suggested the claim could surpass $1bn.
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The company said the proliferation of new MGAs was “great news” for brokers and clients.
