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The ruling comes as insurers face growing legal pressures following the January blazes. -
The exec said the feds have been given data to potentially pursue criminal charges.
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The broker built out Lockton Re’s US casualty and professional lines treaty book.
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Andrew Pryde succeeds Andreas Kull, who will stay on until September.
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With the added capacity, the MGA can offer up to $35mn per risk.
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Sources said BMO was retained earlier this year to advise on the strategic process.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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A quick roundup of today’s need-to-know news, including Mangrove, K2's partnership with Liberty Mutual and more.
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
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The partnership is being formed via Liberty Mutual’s Ironshore subsidiary.
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The insurer intends to take on up to 81,040 policies this year.
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The ratings agency cited the carrier’s growth and performance.
