Marine
-
The case is the latest in a series of lawsuits alleging Alliant raided MMA for talent. -
Gray specializes in contract bonds for mid-sized and emerging contractors.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
JH Blades, Southern Marine and Energy Technical Underwriters will merge to form the new brand.
-
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.
-
The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.
-
Politically related exposures are growing for the marine market.
-
The underwriter has held positions at The Hanover, Liberty Mutual and Zurich.
-
The appointment is part of the company’s expansion in the marine market.
-
Meco's 2024 gross written premiums totaled $63mn.
-
Technical pricing is insufficient in some areas and inflation is biting into margins.
-
The program is being launched through subsidiary Southern Marine.
-
The company is on a five-year growth plan, aiming to hit $100mn in premiums by 2029.
-
The carrier laid out its business mix for the newly launched reinsurance syndicate.
-
AIG veteran Kevin Bidney will focus on North American marine.
-
Construction defects, GL and risk-managed professional liability lines saw the greatest headwinds.
-
The underwriter will be based in New York and drive underwriting strategy.
-
Competition for specialty reinsurance talent remains high.
-
Robin Hamilton has been appointed head of energy and marine liability.
-
Former COO Jack Falvey’s appointment as CEO was reported last August.
-
The MGA secured backing from buyout heavyweight KKR in March 2021.
-
Guy Pierpoint will report to head of marine Phil Wheeler.
-
The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
-
The carrier has appointed AIG’s Sharon Primerano as vice president and US inland marine manager.
-
The storm is projected to make landfall in the next 24 hours in the highly populated Tampa Bay region.
