Marine
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The storm is projected to make landfall in the next 24 hours in the highly populated Tampa Bay region. -
The new unit is part of HDI’s expansion of its specialty product offerings.
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There has been an exodus of hull premium from the London market to Nordic carriers since 2014.
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The facility launch comes after Marsh launched its Slipstream marine facility.
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The carrier has made several recent high-level promotions.
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In tandem, Mike Falvey will transition to executive chairman, effective January 1.
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This expansion will protect against risks faced by transportation and logistics businesses.
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The carrier is expanding its MGA partnerships and has invested in its marine team.
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The broker said that rising reinsurance costs after the Baltimore Bridge collapse could put a brake on softening in 2025.
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The two join the company from Navigators, a subsidiary of The Hartford.
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Sentry launched its specialty lines division in 2022.
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The executive announced last month that he was leaving Parsyl, where he had worked since 2021.
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