Marine
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Concerns over crew liability claims have led carriers to change wordings and tighten underwriting criteria.
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The new office follows the MGA’s expansion into the Californian market last year.
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The senior underwriter will lead a new cargo operation at the carrier, sources say.
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The expansive broker adds another former JLT Re executive, intercepting Martin Stephenson’s move to Aon.
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Hickey will take up the post of cargo product line officer on 1 June.
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Sources said the insurer has struck a renewal rights deal with International Marine Underwriters. -
As hurricane season approaches there is concern about the aggregation of risk in the area.
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More goods left in understaffed storage facilities increases the likelihood of fire or theft.
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Thomas Boudreau led inland marine and construction business at the carrier.
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The portfolio is understood to give Continental access to over $50mn of new business.
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Linda Carmona and Curt Browder are understood to have left the insurer.
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Market sources said the carrier was no longer accepting submissions across those classes of insurance.
