Construction
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The Waukee, Iowa-based broker acquired the construction-focused intermediary CSDZ in 2018 to expand its presence in Minnesota, Utah and Wisconsin. -
Axa XL has promoted Michael McKinley to senior vice president and primary casualty practice leader within its North America construction division.
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Casualty underwriters were taking a “conservative and selective approach” with high-risk categories and accounts with poorer loss histories.
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The group will provide clients with construction and surety services designed for complex national and cross-border projects.
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K2 is requesting the court dismiss the case with prejudice, barring Argo from bringing the same allegations to another US court.
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Prior to his promotion, the executive served as project solutions national practice leader
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P&C carriers in the region are navigating economic headwinds and market volatility while the economy has not fully recovered from the Covid-19’s aftermath.
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Argo sued K2 in May claiming that the team lift-out was accomplished through breaches of fiduciary duty and contract.
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The new team includes underwriters and specialists in areas such as claims and loss control.
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The construction book will be absorbed into Intact Specialty, with the carrier providing the paper for the newly purchased book.
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Provisions in the law allow injured workers to directly sue property owners, and the resulting claims are fueling insurance costs.
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Based in Washington, DC, the executive reports to Gretchen Thompson, head of inland marine, excess solutions and complex liability.
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