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PVT business has been attracting new capacity after recent rate increases.
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SMEs represented 98% of cyber claims from 2019-2023 totaling $1.9bn.
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The effort will draw from California’s research and higher education communities.
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Moody’s also predicts losses to the NFIP at less than $200mn.
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The hire comes amid the firm’s drive to expand in the US market.
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Property rates had increased 25.5% one year ago, in Q2 2023.
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A quick roundup of today’s need-to-know news, including Lockton, new PVT business and property rate declines.
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The former Lockton employee’s suit alleges sexual and gender harassment.
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Lila Granda will oversee the PRC portfolio, reporting to insurance CEO Alex Blanco.
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The executive joins the specialty start-up from Great American Insurance.
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He replaces Neill Currie, who will assume the role of independent director.
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Mark Gregory will retire next March, while Sara Mitchell will initially join as a strategic adviser.