Marine
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Underwriting agency Marcato Marine is based in Charlotte, North Carolina and will specialise in project cargo. -
Inflation, rising reinsurance costs and rebounding shipping activity all pose challenges for the market.
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Third-quarter statutory data reveals premium growth, worsening loss ratio because of increased loss cost trends and Hurricane Ian.
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Mosby will be responsible for managing Ascot’s U.S. Inland Marine portfolio and advancing the market strategy for this business.
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The broker said rate rises on IG reinsurance could be up to 10% following the impact of Hurricane Ian.
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The unit is led by marine veteran Ricardo Castro, who joined the firm from Marsh and has over four decades of experience in the industry.
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The Ryan Specialty CEO said that loose wordings were contributing to the surging size of claims
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Based in Toronto, the executive will report to AGCS North America head of marine and global head of inland marine Rich Soja.
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The new underwriting unit combines the company’s ocean marine portfolio and inland marine capabilities in the US.
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Debenport joins the energy practice within NFP's specialty business.
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The newspaper reported that the US is urging European capitals to ease the ban in a bid to tame inflation.
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The New York-based InsurTech will operate in partnership with Hippo-owned fronting carrier Spinnaker.
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