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The executive was previously head of excess casualty, North America. -
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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WTW is “particularly interested” in growing markets like wealth management with bolt-on M&A.
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Specialty casualty now accounts for around 22.2% of its insurance business mix.
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The vehicle will support Ascot’s casualty business in the US and Bermuda.
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This follows last month’s takeout of 12,000 Citizens policies.
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The novel product appears to have been pitched to multiple clients.
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AmeriLife and OneDigital are in the market while Relation is preparing for a liquidity event.
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The firm will target mid-market risks with TIVs of $25mn-$1bn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Nationwide will delegate management of the policies to Ryan Specialty.
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