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Oliphant was the president of the property division for Core Specialty for five years. -
He will join the company on January 15 as SVP, global market and product relations.
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A quick roundup of today’s need-to-know news, including January 1 renewals, Hamilton Select and more.
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The team will focus on distressed, hard-to-place accounts.
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The unit will be led by Ed Hochberg, global risk solutions leader at Guy Carpenter.
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He was previously property practice leader for the Southeast.
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The carrier will offer $10mn per risk, targeting large corporations.
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Matthew Stitham replaces Donnacha Smyth, who was promoted to global CUO, casualty.
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2024 was the sixth consecutive year when the liability inflation index surpassed economic inflation.
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The $100mn ABC tower led by Berkshire Hathaway Specialty remains under an automatic stay.
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The move marks the firm’s intention to broaden its US reinsurance offerings beyond facultative capabilities.
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The bill would also mandate guaranteed replacement cost coverage.
