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High general liability losses are cause for concern despite modest improvements in other lines. -
Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
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The executive will be responsible for leading E&S primary and excess casualty.
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The legislature did pass Twia reforms, however.
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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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The executive has been with the firm since 2011.
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The industry veteran has also held roles at Marsh, Willis and CNA.
