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The executive was previously a top US casualty broker. -
Space pricing experienced double-digit increases after the 2023 capacity retreat.
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The company has reduced its exposure on large commercial auto and property.
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Sills added that Bowhead doesn't expect a reversal of compressed limits being offered.
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The appointment follows the recent exits of CUO Chatterjee and SVP Dharma-Wardana.
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The conglomerate’s insurance subsidiaries will have to make do without some of their prior strategic advantages.
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Richard Schmitzer will retire as E&S president and CEO, and Todd Sutherland will succeed him.
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MGA platforms, however, are seeing higher multiples than those in retail.
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The executive had previously been at Aon for over 15 years.
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The program is designed to address a changing risk environment.
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The platform will focus on acquiring MGAS across lines of coverage.
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The Insurance Insider US news team runs you through the earnings results for the day.
