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Lila Granda will oversee the PRC portfolio, reporting to insurance CEO Alex Blanco. -
The executive joins the specialty start-up from Great American Insurance.
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He replaces Neill Currie, who will assume the role of independent director.
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Mark Gregory will retire next March, while Sara Mitchell will initially join as a strategic adviser.
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The MGA noted a 17%-20% price decline last year and expects similar for 2024.
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Mike Neal and Mark Abate have been elevated to senior leadership roles.
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Renewals with flat or increased premiums are on the rise, however.
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Reinsurers will likely push for double-digit US premium rate increases.
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There has been an exodus of hull premium from the London market to Nordic carriers since 2014.
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Ethos’ transactional liability MGU is not included in the deal.
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A quick roundup of today’s need-to-know news, including Akur8's fundraise and Hurricane Francine losses.
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This publication revealed last year that Ocampo will lead the Colombia unit.
