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The M&A insurance MGA also secured support from Accelerant.
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He will manage the region’s sales and service teams.
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CoreLogic’s report for April 2024 saw rising costs across four common loss scenarios.
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The companies originally established the capacity agreement in January 2023.
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Tropical Storm Risk (TSR) has updated its forecast for North Atlantic hurricane activity, predicting a "hyper-active season" in 2024, with activity being around 70% above the 1991-2020 climate norm.
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The firm doubled its premiums in the past three years after launching in specialty.
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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.