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The non-peak peril is not secondary anymore.
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While significant, the fires are expected to be an earnings rather than a capital event for the industry, John Huff, CEO of the Association of Bermuda Insurers & Reinsurers, said.
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The move combines two units in the North America middle market division.
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Shift to growth includes all geographies in which the company does business.
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Admitted insurer withdrawals and rising demand are pushing more entrants into E&S.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
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The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.
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This year’s coverage will involve $2.94bn of new risk transfer.
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Dickerson has spent over three years at the reinsurance broker.
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Four cat modelers have also submitted their tech for regulatory review.
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The company is seeking to promote growth in its US excess casualty book.