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The annual meeting took place in Pasadena, California, miles from the site of LA wildfires. -
Florida led deregulation by eliminating the diligent effort rule in June.
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Models anticipate a busier second half, particularly in the next few weeks.
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The carrier’s US and Europe claims teams will report to Dominic Clayden.
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As part of the transaction, PE firm Atlas Merchant has agreed to sell its interest in MarshBerry.
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The platform aims to “bend the loss curve”.
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The wildfire MGA is expecting to write higher value homes soon and may expand into new states.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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The team previously operated with Sheerin and Woodruff but will grow to five brokers.
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Former head of construction Bill Creedon will assume the role of chairman.
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Ransomware claims have made up the majority of recent large losses.
