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The only major product line to see rate increases was casualty. -
The insurer's professional liability reinsurance book shrank by around 25%.
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The role will unify the P&C and professional and executive risk practices.
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The two internal hires have been with BHSI for around five years.
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The company has hired Axa XL’s Irvine to lead the new platform.
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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
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The executive was most recently chief revenue officer at Aon.
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Capital funding new litigation dropped 16% YoY, however.
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The MGA will likely expand its D&O book as well, but excess casualty will grow faster.
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PartnerRe's $5mn commitment will enable the MGA to expand its D&O line size.
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A new report warns that underwriters must consider political uncertainty and macroeconomic trends.
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The executive will continue as head of BHSI’s E&P lines business.
