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Last month, Insurance Insider US revealed that former GTS Americas head Scott Pegram had left the company. -
With the added capacity, the MGA can offer up to $35mn per risk.
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In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
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Scott Pegram had been at Liberty Mutual for over six years in various senior roles.
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Volante’s syndicate may still support select transactional liability risks, but it will not have an in-house team.
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Chubb told insurers to look inward in the fight against LitFin, but insurers are also tied to that industry.
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The trend is expected to be most pronounced in the Middle East, the survey found.
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Starr joins a panel that includes capacity from Axis and Skyward.
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The executive is departing for a role at Birch Risk.
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The executive joined the MGA in January 2024 and has spent his entire insurance career within the TL space.
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Michael Brooks, SVP, head of transactional liability, will be taking over temporarily.
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The executive was most recently chief revenue officer at Aon.
