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It had planned to non-renew 47,000 DP-3 and 53,000 high-risk homeowners’ policies this year.
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Travelers now holds around 6.2% of Fidelis, down from over 7.2%.
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The carrier has made several recent high-level promotions.
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Reforms would seek to tamp down legal costs that can drive insurance costs up.
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The executive will report to London-based BMS director Alex Shephard.
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A quick roundup of today’s news, including Travelers’ equity sell-off and Georgia and Louisiana tort reforms.
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Both groups continue to call for a highly active season, however.
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Hearn has held CEO positions with several other units of the Ardonagh Group.
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The CEO said there’s only one public pure wholesale broker, Ryan Specialty, and its IPO was in “favorable conditions”.
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The July downtime will increase relevance, demand and innovation for the market.
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The action follows the completed acquisition of Accredited by Onex Partners.
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The measures include stricter timelines for rate application approvals and follow-ups.