Marine
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The appointment is part of the company’s expansion in the marine market. -
Meco's 2024 gross written premiums totaled $63mn.
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Technical pricing is insufficient in some areas and inflation is biting into margins.
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The program is being launched through subsidiary Southern Marine.
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The company is on a five-year growth plan, aiming to hit $100mn in premiums by 2029.
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The carrier laid out its business mix for the newly launched reinsurance syndicate.
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AIG veteran Kevin Bidney will focus on North American marine.
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Construction defects, GL and risk-managed professional liability lines saw the greatest headwinds.
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The underwriter will be based in New York and drive underwriting strategy.
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Competition for specialty reinsurance talent remains high.
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Robin Hamilton has been appointed head of energy and marine liability.
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Former COO Jack Falvey’s appointment as CEO was reported last August.
