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The consortium backing the MGA is led by Axa XL Syndicate 2003. -
Severe convective storms, wildfires and hurricanes increasingly moving inland are top concerns for the industry.
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The carrier writes all of its E&S business in the state through Arch Specialty Insurance Company.
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Mainsail offers 17 lines of insurance including auto, property and commercial coverage.
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The news team runs you through this week’s key M&A deals.
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Ascot will evaluate other options for its ~$140mn-premium transactional liability unit.
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The executive will end her career at Aon Bermuda effective October 1.
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Independent litigation threatened a $4bn settlement with wildfire victims.
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The carrier also reported more difficulty than anticipated in realizing the value of collateral following the defaults.
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Total catastrophe losses stemmed from 20 events and were estimated at $587mn.
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The executive joined Chubb in 2013 as assistant VP and regional manager.
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Sources said that Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery.
