Brit
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The accident and health MGU will retain its independence after the investment.
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The active underwriter of Syndicate 2988 has worked at Brit since 2007.
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The regulatory investigation relates to coverage provided under a group insurance policy issued to the NRA. -
Five roles are under consultation as a result of the market withdrawals.
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The insurer follows Beazley, CNA Hardy and Talbot in halting construction underwriting.
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Alex Smith joins the cyber and specialty lines MGA from Capital Risks.
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Market sources described a frenetic dynamic between underwriting leaders and followers in the verticalised market.
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The new offering will work alongside its existing ILS operations.
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The CEO of Advent Underwriting will move to the sister Fairfax company in the New Year.
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The UK-based sidecar writes a quota share of the carrier’s treaty and D&F books.
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The underwriter joins the business from Beazley.
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Fairfax paid $251.8mn for the 11.2 percent ownership of Brit, implying a value of $2.2bn for the insurer.
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