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The MGA noted a 17%-20% price decline last year and expects similar for 2024.
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Mike Neal and Mark Abate have been elevated to senior leadership roles.
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Renewals with flat or increased premiums are on the rise, however.
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Reinsurers will likely push for double-digit US premium rate increases.
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There has been an exodus of hull premium from the London market to Nordic carriers since 2014.
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Ethos’ transactional liability MGU is not included in the deal.
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A quick roundup of today’s need-to-know news, including Akur8's fundraise and Hurricane Francine losses.
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This publication revealed last year that Ocampo will lead the Colombia unit.
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The estimate is like others in the market, suggesting a relatively small loss from the event.
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She replaces interim COO Kirk Maddern, who retires at the end of the year.
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The duo have several years’ experience in specialist construction risk.
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Potential for rate cuts at the upcoming Fed meeting should be an addressable event for P&C insurers.