Marine
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The MGA will write recreational marine, marine equipment, and workers’ comp insurance on behalf of the carrier.
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The broker highlights industrial and commercial buildings as the likely source of international property market exposure.
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Satellite imagery from the damaged port suggests that several ships including CMA CGM Lyra escaped with minor damage.
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This publication previously revealed that he had joined the company from Great American.
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Organizers say they are already working on a plan for 2021.
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Crew fatigue, maintenance and inspection disruption and curtailed incident response services could all push up claims, the carrier warns. -
Michael Donovan was previously a director at RLI’s marine division.
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It provides US underwriters with an alternative to the LMA’s 5395 coronavirus wording.
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Underwriters Will Frohne and Yasu Saegusa will move to Falvey, alongside the book of business.
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Ascot leads the marine liability program, which sources describe as an important test case for the market.
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Concerns over crew liability claims have led carriers to change wordings and tighten underwriting criteria.
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The new office follows the MGA’s expansion into the Californian market last year.
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