Pol risk, credit & surety
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Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings.
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Cyberattack/data breach remains in the top slot.
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Former head of construction Bill Creedon will assume the role of chairman.
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Teresa Black will succeed him as division president of North American surety.
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The broker called on carriers to expand coverage into new specialisms.
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The move will allow clients to take on larger and more complex projects
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The carrier laid out its business mix for the newly launched reinsurance syndicate.
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The executives will join the company in the coming weeks.
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He joins from Swiss Re, where he has spent the last 27 years of his career.
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Sources said that Nacional would only consider a bid north of $150mn.
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The company sees the surety market as a ‘highly attractive’ segment
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Palomar acquired FIA for 1.7x closing book value to enter the surety market.