Construction
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The market is looking for a boost from President Biden’s plans after a period of activity being disrupted by Covid. -
Lyndsey Christofer is now an executive vice president and leads the carrier’s construction team.
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Matt Curtis previously led Liberty Mutual’s primary construction casualty business.
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The broker also says that residential umbrella coverage in New York and in the southeast has become increasingly difficult to obtain.
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The executive will run the North America engineering and construction team after almost a decade with CorSo.
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Nearly 30 such claims have hit the US market in 2020, of which more than half are over $10mn.
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Carriers have in recent months tightened requirements on credit checks and in some cases restricted policy terms.
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Underwriters are receiving a deluge of requests to extend cover in response to Covid-19 project delays.
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Sources said the liabilities relate to business written by unit Mid-Continent Casualty Company.
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The Accredited program partner has plans to expand into new lines of business.
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Derek Schiavone previously worked at WR Berkley-owned Vela Insurance.
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He will lead the large account segment, succeeding Bill Hazelton, who is now head of North America claims.
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