Pol risk, credit & surety
-
Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings. -
Cyberattack/data breach remains in the top slot.
-
Former head of construction Bill Creedon will assume the role of chairman.
-
Teresa Black will succeed him as division president of North American surety.
-
The broker called on carriers to expand coverage into new specialisms.
-
The move will allow clients to take on larger and more complex projects
-
The carrier laid out its business mix for the newly launched reinsurance syndicate.
-
The executives will join the company in the coming weeks.
-
He joins from Swiss Re, where he has spent the last 27 years of his career.
-
Sources said that Nacional would only consider a bid north of $150mn.
-
The company sees the surety market as a ‘highly attractive’ segment
-
Palomar acquired FIA for 1.7x closing book value to enter the surety market.
-
Dan Riordan, Richard Abizaid and Javier Gomez will spearhead the unit.
-
Michael Smith is a former mortgage broker.
-
Trisura is expanding the firm’s licenses to include all 50 states and Washington, DC.
-
Insured losses from civil unrest have risen over the last decade to total $7bn in 2020-23.
-
There is more capacity in the market for long-term risks.
-
Lockton broker Gary Giulietti said the size of the bond is "rarely, if ever, seen".
-
Marsh Specialty has released its Political Risk Report 2024.
-
The fronting company has been expanding its surety business in the US.
-
Surety DWP rose between 11%-12% YoY from Q1 to Q3 2023.
-
Based in Brazil, the executive also has prior experience at Liberty Seguros, where he was regional manager, and Chubb, where he was LatAm surety underwriting manager.
-
Highlighting regions where the demand for SRCC products is increasing, stakeholders can tailor offerings more effectively, the PCS said.
-
The executive will be based in the company's Morristown, New Jersey office.
