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The CEO said the carrier will prioritise margin over top-line growth. -
The vehicle will support Ascot’s casualty business in the US and Bermuda.
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The executive left Lockton Re in June after almost six years.
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Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
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The changes affect operations in Switzerland, Bermuda and the US.
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The broker built out Lockton Re’s US casualty and professional lines treaty book.
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The firm expects to replace the volume with Innovations-channel business.
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Hamilton also expects rising demand and stable supply for June 1 renewals.
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Jack Kuhn, President of Westfield Specialty, discusses the shifting market cycles and changing landscape at RISKWORLD 2025.
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The reinsurer also promoted Ethan Allen to chief program officer.
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The only major product line to see rate increases was casualty.
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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