Marine
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The expansive broker adds another former JLT Re executive, intercepting Martin Stephenson’s move to Aon.
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Hickey will take up the post of cargo product line officer on 1 June.
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Sources said the insurer has struck a renewal rights deal with International Marine Underwriters. -
As hurricane season approaches there is concern about the aggregation of risk in the area.
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More goods left in understaffed storage facilities increases the likelihood of fire or theft.
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Thomas Boudreau led inland marine and construction business at the carrier.
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The portfolio is understood to give Continental access to over $50mn of new business.
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Linda Carmona and Curt Browder are understood to have left the insurer.
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Market sources said the carrier was no longer accepting submissions across those classes of insurance.
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The International Group originally notified reinsurers of a $115mn loss.
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Samantha Constantinou has joined the carrier’s ocean marine team in New York.
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The broker will work to develop Aon’s global yacht book.
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