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London-based Tristram Prior will transfer to Bermuda to lead the line of business. -
The policy includes a $200mn limit with an additional $100mn for side A coverage.
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The executive co-led the US financial institutions business at BHSI.
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The PE fund says Argo failed to indemnify it for costs related to a probe by New York’s attorney general.
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The acquisition brought four collector vehicle MGAs to the carrier’s existing collector vehicle portfolio.
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The hire advances Howden’s growth push in the US.
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Next year will mark five consecutive years of insolvency increases.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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A string of high-profile bankruptcies has put more scrutiny on the once marginal sector.
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The move comes after the company posted 52% YoY top-line growth in Q3.
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The company announced four key leadership appointments on Wednesday.
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Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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