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The insurance industry’s lower reliance on foreign skilled workers softens the blow. -
Rates continue to be favorable for buyers across major lines of coverage.
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The executive will join Howden’s new US retail broking operation.
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
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Sources said momentum around resiliency laws is growing at the state and local level.
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He will spearhead the division’s launch slated for 2026, which will be the first product launch for ICW Group’s specialty unit.
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The executive will initially focus on casualty fac business incoming as the result of the Markel renewal rights deal.
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Economic volatility, including from tariffs and rising interest rates, is reshaping risk profiles for specialty insurers.
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Despite the formation of Gabrielle, there is "a very high probability" of a below-average season.
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Sources said that the carrier’s listing is expected to raise around ~$100mn.
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The risk also ranked as a top three concern for companies of all sizes.
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Whether in property or casualty, areas of the market will be profitable even with new entrants, the executive said.
