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The AIG and Stone Point-owned MGU will also look to move up-market, increase its weighting to E&S and add third-party paper. -
The storm is projected to make landfall in the next 24 hours in the highly populated Tampa Bay region.
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Milton stole the limelight from slightly stuck PE-backed brokers, acquisitive globals and the casualty conundrum.
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The promotion follows a distribution trading partnership deal with MGU PCS.
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The arrangement enables PCS to expedite growth.
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The HNW carrier will launch in Canada this year, starting with Ontario.
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Glatfelter CEO Chris Flatt will become interim chief executive.
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The hires fill roles previously held by Martin Leitch and Dave Logan.
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The non-renewals will continue through June 15, 2025.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The changes will take place “over the next few years” and will also include migrating all personal lines business into a single operating model and platform.
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The national program will insure homes with a replacement value up to $10mn, and deductibles will range from $10,000 to $1mn. Properties in cat-exposed locations will be eligible for coverage.
