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Large account and E&S property have gotten competitive faster than expected. -
Strong underwriting performance and aggressive repricing of risks in most lines has aided stability.
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The executive has previously held roles at CRC Group, Allianz and Nationwide.
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“Models aren't going to tell you what the emergent risks today are,” Dolan said.
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In casualty, getting significant blocks of capacity remains a major challenge.
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The program is designed to address a changing risk environment.
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The reinsurer said the market was unprofitable and pricing needed to increase immediately.
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The executive will begin serving as Hiscox USA’s CUO as of May 5.
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The deal is expected to close in the second quarter.
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The only major product line to see rate increases was casualty.
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The insurer's professional liability reinsurance book shrank by around 25%.
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The role will unify the P&C and professional and executive risk practices.
