Reinsurers
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The specialty reinsurer also saw several bad investments hit the books.
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The S&P 500 outperforms as P&C tumbles on mixed earnings.
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The executive joined Navigators in 2010 after eight years at White Mountains Capital.
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Reinsurers are mostly aligned on cat reinsurance, but goals are otherwise diverse.
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Q2 saw a steady stream of activity in legacy, but volumes dipped slightly from Q1.
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The company has struggled in reinsurance, while large claims dragged down D&O results in Q2.
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The CEO said business remains adequately priced in most classes.
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The carrier is reducing its exposure to quota shares and shifting to XoL.
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The carrier said market dynamics were shifting due to increased capacity.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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Insured losses produced the second highest first-half tally since records began in 1980.
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The executive has been with the company for roughly one year.
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