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Coverage has broadened while limits have increased, the broker said. -
Markel is simplifying its structure from six US wholesale and two US retail regions to four integrated US regions.
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The executive was formerly head of cyber solutions, North America.
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The carrier has scaled up its international insurance offering in recent years.
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The reinsurance division booked 29% growth for the fiscal year to 30 April 2025.
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Few claims have been filed thus far, as damages have been highly localized.
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Scott Pegram had been at Liberty Mutual for over six years in various senior roles.
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The company first experienced system disruptions on June 7.
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Volante’s syndicate may still support select transactional liability risks, but it will not have an in-house team.
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Expense ratios started to move higher in 2024 as the cycle reverses, with this trend likely to persist.
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The former Hub executive has over 30 years of experience in transportation.
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The medical care index numbers were below April’s 0.5% rise.
