Construction
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The newly created role is part of the firm’s strategy to split its construction business into two segments, property and casualty.
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Victor Insurance’s report dives into the challenges and innovations brought to the marketplace in a post-pandemic world. -
In its mid-year construction trends report, Gallagher emphasizes the need for brokers specializing in construction to help the industry address challenges.
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The executive will oversee a roughly $300mn book of business, and replaces Jim Cornwall, who left the carrier in April.
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Thompson takes over from Adrien Robinson who was promoted to lead the entire specialty lines business on June 10.
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Thomas Littlefield joins the business as director of large surety accounts.
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The market is looking for a boost from President Biden’s plans after a period of activity being disrupted by Covid.
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Lyndsey Christofer is now an executive vice president and leads the carrier’s construction team.
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Matt Curtis previously led Liberty Mutual’s primary construction casualty business.
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The broker also says that residential umbrella coverage in New York and in the southeast has become increasingly difficult to obtain.
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The executive will run the North America engineering and construction team after almost a decade with CorSo.
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Nearly 30 such claims have hit the US market in 2020, of which more than half are over $10mn.
