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MultiStrat, the founder of casualty ILS, is focusing on committed capital to grow, said Bob Forness, CEO, MultiStrat. -
Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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Trailing three month premiums were up 7.2% versus 13.1% in August.
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He will drive the growth of Chubb's claims-made excess casualty facility.
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The MGU is entering the often-difficult habitational GL space with an initial E&S offering.
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The executive’s skepticism is informed by the industry’s typical approach to cyclicality.
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There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
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He joins the company after 22 years in casualty leadership roles at Chubb.
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California, Florida and Texas all saw decreases in monthly premium growth.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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Cavello Bay Re will provide paper for the MGA’s business written out of Bermuda.
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Capacity has gone up slightly, with new entrants and incumbents feeling better about their books.
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