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ProAssurance brands will be transitioned to The Doctors Company in "all/most markets" over time. -
Surplus lines are still strong, but not the standout they used to be.
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In January, Archer expanded its capacity with Lloyd’s backing.
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The Californian insurer is buying the medmal carrier for $25.00 per share, or a ~60% premium.
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CEO Kieran Dempsey will relinquish the additional title of president.
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Consolidation options include fronts merging, competition, larger fronts becoming carriers and fronts being acquired by carriers.
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The underwriter will be based in New York and drive underwriting strategy.
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Markel also announced the appointment of Jon Michael to its board.
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BHSI is dividing its retail general property unit into four regions.
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Markel Insurance is made up of the firm’s three primary underwriting businesses.
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The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
