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Sources said Dowling Hales is advising the professional lines quoting platform on the process. -
The program will offer limits up to $5mn.
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The move comes after Argo Pro announced it will exit professional lines.
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The executives will report to Jenise Klein, CUO for North America.
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Challenges in claims frequency and carrier competition are likely to remain.
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‘Emotionally driven’ claims by non-profits underscore their unique D&O exposures, according to Travelers' Nicole Murphy.
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A Delaware judge ruled that a “bump-up” exclusion was inapplicable.
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Around $155m of the businesses in-force gross premium will be transferred to Core Specialty.
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Federal court securities class actions hit a four-year high last year.
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Frequency and severity of claims is starting to rise, and comes after sharp softening of rates.
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IAP served as financial adviser to Atri in the transaction.
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The pair will lead crisis management and financial lines, respectively.
