Marine

With the addition of Great American and R&Q, Falvey is increasing paper to handle growing supply chain exposures across the US.

Supply chain disruptions leading to a pile-up of ships and cargo at ports worry marine executives over increased catastrophic loss potential, at a time when the frequency of severe fire losses aboard mega-ships has grown.

Stephen Clark will also keep his responsibilities as North America hull and liabilities practice leader, a role he has held since 2017.

Dyer will work as head of logistics, while Adams will support Greek clients with insurance and risk management.

The executive is transferring from Singapore, where he supported the growth of the cargo and hull book.

The broker appointed McCord as national marine practice leader and Homrighaus and Roberts as energy and marine VPs.

Argo had signaled his departure last week, announcing Higley would be replaced in his old role by former Berkley exec Laura Havice.

Argo’s US marine business offers inland marine products such as trucking cargo cover, as well as contractors' equipment and sports equipment policies.

Thompson takes over from Adrien Robinson who was promoted to lead the entire specialty lines business on June 10.

The company appoints Muriel Birre Julvécourt, who has more than 25 years’ industry experience, as head of marine.

His arrival comes in the wake of a series of departures from Validus Re’s specialty reinsurance team.

The ratings agency notes that direct premiums written in the class of business also fell by 2.6% last year.