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The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year. -
This year’s coverage will involve $2.94bn of new risk transfer.
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Four cat modelers have also submitted their tech for regulatory review.
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The company is seeking to promote growth in its US excess casualty book.
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The offering includes GA, aviation GL and airport and product manufacturers liability.
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Andrew George will report to president and CEO of Marsh Martin South.
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These events can also no longer be considered secondary perils, executives said.
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Tactics underwriters employ to manage cyber risk are maturing, as well.
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There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny.
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The funding round valued the company at around $850mn.
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Excess/umbrella liability and commercial auto broke the trend with high price increases, however.
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Executives see earnings benefits from workers’ comp beginning to diminish.
