Marine
-
The executive joins from MSIG USA. -
Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
-
He succeeds Felix Cassau, who is joining Hannover Re.
-
The executive was previously Navigators’ head of excess casualty.
-
Appointments include leadership in transportation, energy, marine and others.
-
The move will impact around $50mn of gross written premiums in total.
-
The Canadian insurer saw property rates dip across its global divisions, but it had strong rate on liability.
-
The executive has been with the company for roughly one year.
-
Staff targeted include producers that channel business through Howden’s London wholesale arm.
-
The executive has spent 13 years in the broker’s marine division.
-
The unit will include both ocean and inland marine coverage.
-
The carrier has scaled up its international insurance offering in recent years.
