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The MGA market now makes up 10% of the overall P&C market. -
The facility provides up to $100mn in claims-made excess casualty coverage.
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New roles include CUO for primary and excess casualty and practice leader for complex specialty.
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Everest’s US wholesale business is seeking to expand its market presence.
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The program will provide excess casualty coverage across a broad range of industries.
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The MGA will likely expand its D&O book as well, but excess casualty will grow faster.
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The partnership will launch a new umbrella excess insurance product.
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The company is seeking to promote growth in its US excess casualty book.
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The AIG subsidiary says it has no obligation to “defend or indemnify” McKinsey.
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The MGA secured backing from buyout heavyweight KKR in March 2021.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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He will oversee the launch of Tokio Marine’s new excess casualty line.
