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The rules would require paid rest breaks, among other measures. -
The unit will operate via VerTerra Insurance, the company’s E&S insurer.
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Expense ratios started to move higher in 2024 as the cycle reverses, with this trend likely to persist.
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The executive brings nearly 30 years of liability experience to the role.
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The former Hub executive has over 30 years of experience in transportation.
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The executive said he left the company in September.
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The executive replaces Mike Warwicker, who left the firm earlier this year.
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This will allow Ark to write business on surplus line paper and Lloyd’s business.
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Rates and limits have done the heavy lifting to date – but there are other options.
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The team is led by ex-Liberty Mutual executive David Perez who was hired for the launch in October.
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“Models aren't going to tell you what the emergent risks today are,” Dolan said.
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The MGA market now makes up 10% of the overall P&C market.
