CNA Hardy
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Borrel will report to Paul Andrews, CEO of PoloWorks and Polo Managing Agency.
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Sarah Moses has more than 15 years’ marine experience.
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The appointment comes following the appointment of Ahad Khalid as head of power.
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Mosaic has also added CNA Hardy’s Emily Humphreys to its PV team as part of the deal.
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Barr’s resignation from his previous role as head of marine at CNA Hardy was first revealed by this publication in July of this year.
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Sources said the insurer will not be taking on any new business or renewals as the PV class continues to be threatened by potential losses.
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This publication confirmed the move in September
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The marine build in London is part of the carrier’s primary insurance expansion strategy.
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Berman will replace Ramesh Singh, who is leaving the business to head up financial lines at Aviva.
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The underwriters will focus on UK marine cargo and transport and logistics business.
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Jonathan Powell was previously head of Lloyd’s P&C at CNA, before joining the broker’s non-marine treaty team.
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Staff turnover remains elevated across marine classes amid a battle to secure talent.
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The executive oversaw lines of business including management liability, financial institutions and healthcare.
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CEO Nick Tye told this publication earlier this month that the company was planning a financial lines launch.
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The carrier has made appointments in Cologne, Milan, Copenhagen and Amsterdam.
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The carrier retains its appetite for the class of business - which has undergone a substantial re-rating since 2018.
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The appointments come following the exit of underwriter Matthew Howard-Coombe to Starr.
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Clubs including Arsenal, Aston Villa and Leicester City are claiming against insurers.
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The suit is the latest in a series of Covid-19 BI legal actions hinging on aggregation brought against insurers.
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The underwriter joined CNA Hardy last year amid a flurry of people movement in the D&O market.
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In his new role, Dieter Korte will be responsible for profitability, growth and strategic direction of CNA's middle-market business.
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Michael Costonis will assume the new position of global head of marketing, strategy and innovation.
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Firm CEO Dino Robusto revealed the news on its Q2 earnings call.
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The insurer said the attack impacted certain CNA systems, including corporate email.
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The recruit was named Axa XL’s financial lines CUO for the UK and Lloyd’s in an October management shake-up.
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The claims manager has also held senior roles at Navigators and Chubb.
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The insurer has a strategy of becoming a leading management liability insurer in the UK.
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Reserves in scope have not been finalised, but sources estimated the figure to be in the low hundreds of millions of dollars.
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The carrier began providing capacity to the MGA’s construction business through a consortium in 2014.
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Canada chief Nick Creatura joins the executive leadership team.
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Chris Gamber is set to join the company as a class underwriter in the healthcare team.
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Among the biggest gainers was Fairfax Financial, which jumped by nearly 10 percent.
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Al Miralles takes up the post following the departure of James Anderson.
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Larry Haefner will retire from his post at the end of December.
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The Chicago-headquartered insurer’s share price rose to $50.81 by the close of trading Monday.
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