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The program’s total limit this year is down $594mn to $1.36bn.
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The broker noted a “significant variation” in renewal outcomes.
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The executive has experience as both an attorney and a broker.
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A second look at the services deals boom powered by this publication’s M&A Tracker.
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The measure could have landed insurers with extra tax on US business.
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There are now 14 new companies writing homeowners’ policies in the state.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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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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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.