Construction
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GL and workers’ comp, however, may benefit from a more competitive environment. -
The move will impact around $50mn of gross written premiums in total.
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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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The segment is also seeing double-digit loss cost inflation.
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The move consolidates the company’s leadership of primary and excess construction casualty lines.
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The alleged insurance fraud targeted anyone who could fund the settlements, argued the plaintiffs.
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The executive briefly exited the firm last month for a role at Marsh.
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The investigation follows several civil racketeering cases filed by Tradesman based on similar facts.
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The MGA and parent company Roosevelt Road Re have until July 21 to file a second amended complaint.
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The carrier has scaled up its international insurance offering in recent years.
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The changes are aimed at improving underwriting and operational performance.
