Brit
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The first half investment return was just 0.1 percent, compared to 3.2 percent a year ago.
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Quinn and Mendola move to Brit as Fairfax closes Advent.
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Insurers that have started fixing what’s broken early and rethinking what it’s worthwhile writing and from where may be better placed than those watching and waiting.
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While most aviation accounts achieved single-digit rate rises, wordings for manufacturer’s liability policies have loosened.
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Richard Slater joins from XL Catlin as underwriting director, while Adam Champion leaves MS Amlin to take the role of senior vice president, portfolio manager and operations.
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Brit-Advent merger and Channel’s restructure in London point the way to coming changes.
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Advent has made an underwriting loss each year in the past three years, and received the Lloyd’s remediation letter.
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For some time, there has been a need for capacity to come out of the Lloyd’s market and it seems like that is starting to happen.
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More than 100 Advent staff are thought to be having their roles placed under consultation.
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Mark Richards was most recently Navigators’ president of primary casualty.
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The former Catlin Bermuda CEO will sit on the board of Brit Re and Sussex Capital.
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The executive joins from Talbot Underwriting.
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