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Eric Seyfried and Glen Manjos are also departing Axis’ cyber and tech unit. -
The Miami-based underwriter will write lines of up to $5mn per risk for cyber and tech E&O.
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Strong underwriting performance and aggressive repricing of risks in most lines has aided stability.
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“Models aren't going to tell you what the emergent risks today are,” Dolan said.
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The Nordic operations have capacity provided by Allianz Commercial.
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The executive will begin serving as Hiscox USA’s CUO as of May 5.
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The broker said the burgeoning class of business was still finding its stride.
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The deal is expected to close in the second quarter.
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The only major product line to see rate increases was casualty.
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Alongside Chatterjee, SVP Dharma-Wardana has also exited the team.
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