Accident and health
-
Pine Walk has grown substantially and is on course to write $1.2bn of premium this year. -
Heyburn joins from Brit, where he was A&H class underwriter.
-
The former Everest executive has more than 30 years of A&H experience.
-
The aerospace, energy and marine markets all sustained multiple significant losses in H1.
-
Plus the latest people moves and all the top news of the week.
-
More players are looking to the class in a bid for top-line growth.
-
The market is also facing potential losses from injuries to NFL stars.
-
The carrier announced a major writedown in its L&H book last year.
-
The MGA will be Pine Walk’s 13th start-up.
-
The US sports disability market has been dubbed the “problem child” due to its volatility.
-
Probitas is set to grow by around 40% this year.
-
The new European A&H business will be led by Samia Baliad, who joins the company from Axa.
-
The brokers will focus on cross-border, high hazard risks.
-
The A&H market had improved performance between 2020 and 2023.
-
Another potential individual disability insurance loss of $40mn relates to a physician.
-
Robert Rechtern has spent the last two years at Lockton as head of A&H, sport & contingency.
-
The business will offer warranty, A&H and income protection products.
-
The reinsurer’s A&H head Simon Parkinson left earlier this year to join Redriff Underwriting.
-
Sources said the Bermuda carrier has been working with Jefferies on the sale.
-
The A&H reinsurance underwriter was launched by Peter Wilkins at the end of last year.
-
RedRiff Agency will underwrite A&H insurance and reinsurance through a Lloyd’s consortium led by Beat 4242.
-
The football club initially sued the broker for £10mn in a claim connected with the death of the footballer in a 2019 plane crash.
-
The company announced on Wednesday that Liddell’s deputy Thomas Leonardo would succeed him as global head of A&H, with immediate effect.
-
The carrier said a post-Covid rebound in travel was creating opportunities in the A&H sector.
-
The broker said it had repeatedly made the football club aware new signings not added to the policy schedule were uninsured.
-
Stephen Hitch, senior vice president of underwriting at Xchange Benefits, will lead the new MGU.
-
The appointment comes after it emerged that Malcolm Smart is leaving the business to join Ark.
-
The carrier is expanding its A&H appetite in London as part of its international insurance growth strategy.
-
The broker will be responsible for maintaining growth, working with US and international offices.
-
The group has hired two senior executives from Besso Re Middle East to run the operation.
-
The appointment comes amid a flurry of personnel movement in the A&H class of business.
-
The outgoing accident and health (A&H) head said he would be working his notice period and hadn’t yet decided on his next destination.
-
The senior broker has worked at Guy Carpenter for more than 25 years and specialises in life, A&H and crisis management.
-
Prior to joining Sompo International, Patrick Corbett was life and A&H CUO at Axa XL for three years.
-
The new team now counts 15 underwriters working with 1,600 brokers across 80 countries to reach more than 6,000 clients.
-
The transaction will near-double the size of Chubb’s A&H book and increase its Asia premium from $4bn to $7bn.
