Construction

Tom Hester joined the broker in 2018 as SVP.

The move will impact around $50mn of gross written premiums in total.

The company provides management workflow for residential contractors.

The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.

Staff targeted include producers that channel business through Howden’s London wholesale arm.

Group CEO Tavaziva Madzinga said it might explore Lloyd’s Names backing in the future.

Rates continue to drop as capacity is ample, the broker said.

The carrier is expanding its appetite for sustainable construction of large commercial buildings.

The carrier has scaled up its international insurance offering in recent years.

The changes are aimed at improving underwriting and operational performance.

Chris Jones is the latest in a series of talent moves in the construction line.

Private equity investors may not have the same timeline as the multi-year construction projects they’ve invested in, which could leave surety writers holding the keys if private equity walks away, said Mike Keimig, president and CEO of Markel Surety.