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The executive has also served as agriculture reinsurance VP at Navigators. -
The executive joins Selective after 19 years at Progressive.
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The move comes amid improving conditions in the IPO market for insurance companies.
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Debbie Goldstine previously held an EVP role at Lockton.
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Balance sheet risk, limited synergies and a further restriction of exit options all tell against a roll-up playbook.
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Andrew Rowland will oversee the portfolio, offering up to $7mn per risk.
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The firm will specialize in professional liability insurance for SMEs.
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In all, primary insurance renewal premiums have risen 6% so far in Q3.
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With the move, RT adds a CEO to its binding authority and a CEO to its RT ProExec businesses.
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The deal provides Honeycomb with up to $24mn of capacity.
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Criado will retire on October 31, after nearly five years with Aon.
