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More competitive pricing is predicted for the commercial insurance market. -
The executive has prior experience at Houlihan Lokey, Nomura and Deloitte.
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The promotions are in the commercial/life and personal/specialty operations.
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Third-party liability, auto, medmal and premises liability remain challenging.
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Wildfire risk destabilized the state’s market, spurring regulator attention.
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Deal value was driven by mega deals including MMA-McGriff and Enstar-Sixth Street.
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The carrier has seen two other exits from its US tax team this year.
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In October, this publication revealed that the carrier had resumed IPO preparations.
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Malibu, which has 10,000 residents, posted on social media on Wednesday that the fire was 7% contained.
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The carrier doesn’t have big concentrations with distributors and conducts business with individual brokers.
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Sources said that Archer Transactional and BlueChip Underwriting will continue operating with existing paper providers.
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Sources said Berkshire will move from the largest single capacity provider to a single-digit percentage line size.
