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The industry veteran has also held roles at Marsh, Willis and CNA.
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Lloyd’s traditionally avoided US middle market property, but head of P&C Matt Keeping says times have changed.
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The executive had served as chief investment officer since 2000.
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Tornadoes have killed at least 32 people in three states.
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Third-party litigation financing remains the thorn in the sides of casualty insurers.
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Competition and ample capacity are pushing premiums lower.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Inflation indices fell in April, but some items related to P&C are still elevated.
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Most sectors saw lower premium increases, with five reporting decreases.
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US national accounts head Paul Lavelle will retire as of June 1.
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The program will succeed the previous buyback launched in 2023.
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Previous complaints alleged their involvement, but this is the first time a complaint has identified the alleged funders.