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The firm doubled its premiums in the past three years after launching in specialty. -
The unit has hired Everest’s Chris Curtin and Axa XL’s Brian Quinn.
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Compared to March, more sources shared accounts of rate declines and oversubscription.
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The market remains “delicately balanced” amid global conflicts and claims deterioration.
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Specialty reinsurance MGU Waypoint has formed a strategic partnership with workers compensation carrier CompSource Mutual.
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The company has retained Tony Ursano’s IAP for the raise.
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Current CEO John Mulvihill is retiring after 34 years with the specialty insurer.
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Mutuals struggle to react and adapt to a worsening loss environment.
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The owner and manager of the cargo ship Dali have filed suit to cap liability at $43.7mn.
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Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.
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Westchester’s Kyle Garrett was named VP, executive underwriter for property.
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California, Florida and Texas all saw year-over-year declines in premium growth.
