Berkshire Hathaway
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Olivier Antiphon and Anne-Sophie Bonifay will join as head of construction and head of casualty, respectively.
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The rejection of the deal throws a wrench into Menzies’ plan to buy back the insurer he founded from majority owner Berkshire Hathaway.
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The broker was launched in August by marine specialists Stuart Lilley and Dan Plummer.
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Jonathan Griffiths joins from Liberty Specialty Markets.
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The purchase of healthcare liability renewal business comes amid a retreat by SRCS from some specialty classes.
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The Madrid opening follows the firm’s move into the French market earlier in the year.
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Companies including Lloyd’s underwriters, Sompo Holdings, Berkshire Hathaway filed a lawsuit accusing primary insurers demanding “unreasonable allocation”.
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Terms of the deal for the workers’ compensation carrier have now been released.
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The changes come as regulators target more individual directors with enforcement action.
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P&C underwriting gains fell by 52.6 percent as all three major P&C business units contributed to weaker results. -
The sanction comes after Berkshire Hathaway agreed to sell its stake in the workers’ compensation carrier to United Insurance.
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The experienced executive was general manager of Germany at QBE Europe
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