Acrisure
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Volante’s syndicate may still support select transactional liability risks, but it will not have an in-house team. -
Peter Montanaro retired from his role as market oversight director at Lloyd’s in May.
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Last week, TSR updated its forecast and is now predicting above-average storm activity.
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The broker has also hired fellow Aon broker Barry Gordon in a role trading ILWs.
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The broker said that businesses not investing in AI capabilities would be left behind.
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What are the potential consequences for businesses amid escalating loss costs in the US casualty market?
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The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
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The MGA will be trying to replace the transactional liability capacity in the coming weeks.
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The business is targeting an enterprise value in excess of $30bn, sources said.
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This publication revealed on Friday that Reith was joining the firm, having departed from Helios in June.
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The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units.
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Tom Quy will report to Simon Hedley, global CEO of Acrisure Re.
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