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The move means Lloyd’s will have a new chairman and a new CEO in the same year. -
More than 4,000 acres are burning as thousands evacuate.
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A Delaware judge ruled that a “bump-up” exclusion was inapplicable.
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The new agreement provides $40mn of aggregate limit excess of zero.
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The executive also served as CCO at Aspen before moving to Vantage.
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The change comes after an ownership restructuring.
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The appointment comes a month after AP’s $13.5bn sale to Gallagher.
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A quick roundup of today’s need-to-know news, including Ryan Specialty, January 1 renewals and general liability.
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Rate increases are less severe and renewals are flat in some segments.
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The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn.
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Many cedants secured aggregate and subsequent coverage at 1 January.
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Tim Watson most recently served as a senior credit and political risk underwriter.
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