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It is understood that the three hires will join Miller’s international construction team
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Negligence must be proved to cover any loss of life for passengers under P&I cover.
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The carrier launched into the political violence market at the beginning of the year.
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The short-tail buildout will feature lines including political violence and marine.
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In Partnership With Swiss ReJoin Insurance Insider, in partnership with Swiss Re, for a free webinar, 10:30 ET/3:30 BT, Nov. 21.
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The facility launch comes after Marsh launched its Slipstream marine facility.
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The Eras tour has additional coverage in place to cover cancellation for PVT perils.
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However, some syndicates are planning more significant growth following hires or strategic shifts.
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The executive said losses in the Middle East had “sent shockwaves” through the market.
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Insuring the transition is frequently touted as a major growth opportunity, but when it comes to renewable energy, complications abound. Natural catastrophe, evolving technology, and data scarcity all add to the complexity of underwriting in the class. GCube's Fraser McLachlan has been operating in the renewables sector over several market cycles, and gives his insight on the latest dynamics in the class.
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Smith joins from QBE Insurance, where he spent over 13 years.
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The downstream market is also starting to soften after a “massive influx” of premium income.