Energy
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The Nuclear Electric Insurance Limited subsidiary is targeting US E&S and looking to write business from April. -
Houston-based VP Quelcutti is to return to the broker’s London office after a five-year secondment.
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Nat cat and extreme weather claims have become more frequent and severe with hail, heavy rain and wildfires leading to significant losses.
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Amy Barnes will lead green initiatives within Marsh and participate in MMC sustainability projects.
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In a second hire within the broker’s offshore wind team, Sarah Burston returns.
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The executive previously spent 10 years at AIG in energy underwriting roles, including in the carrier’s North American oil and petrochemical segment.
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The large number of “unwinterised” assets in the north of the state could lead to a slew of claims.
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The step is the latest in a flurry of initiatives companies in the insurance sector are taking to combat climate change.
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Opportunistic insurers are charging rate rises of up to 400% on excess layers amid a shortage of capacity.
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The new recruits are the latest in a raft of appointments to the new business division.
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Hardening trends in other classes and ESG concerns will test insurer confidence in the sector.
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The MGA has made a number of key hires in the region since its acquisition by Tokio Marine HCC.
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