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The business will divide into US wholesale and specialty, and programmes and solutions. -
Insurance Insider US explores the economics of the lift-out growth strategy.
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The insurer's professional liability reinsurance book shrank by around 25%.
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Alongside Chatterjee, SVP Dharma-Wardana has also exited the team.
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The executive has been with the firm for 20 years.
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Sources said Morgan Stanley has been drafted in to run the auction later this year.
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He will replace Scott Lee, who is retiring after 40 years in claims.
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Meco's 2024 gross written premiums totaled $63mn.
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The role will unify the P&C and professional and executive risk practices.
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Fortegra launched a sale process months ago with Barclays and BofA advising.
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ISA is part of Ryan Specialty National Programs, which launched last month.
