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The company’s diverse portfolio could provide protection, but has heavy exposure in construction and transportation. -
The MGA will focus on insurance for agents, carrier partners and clients.
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The only major product line to see rate increases was casualty.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Severe weather in March drove monthly and Q1 losses to historic highs.
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The specialty insurance platform has now exceeded $3.1bn in premiums.
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The business will divide into US wholesale and specialty, and programmes and solutions.
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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.
