Construction/engineering
-
The Accredited program partner has plans to expand into new lines of business.
-
Sources told this publication that the carrier could be mulling an open market entry. -
The construction markets are adapting to emerging risks and new needs, according to Travelers.
-
It is expected that changing reinsurer appetites could fuel further rate momentum in the primary market.
-
The carrier began providing capacity to the MGA’s construction business through a consortium in 2014.
-
Michael Garrison has been with Allied World for five years and starts effective immediately.
-
Mike Johnson takes over from Tim Smith, who is set to retire after nearly three decades insurance.
-
A decline in new business and uncertainties around Covid-19 are piling the pressure on the hardening market.
-
The companies will target facultative and treaty reinsurance in lines including property cat and construction.
-
Derek Schiavone previously worked at WR Berkley-owned Vela Insurance.
-
As the Covid-19 crisis continues to deepen, this week signs of strain became increasingly evident in certain lines of business.
-
Denial of access, delay to start up, force majeure and supplier contracts are all areas of wording concern.
Most Recent
-
Daily Digest: Top news from 18 July
18 July 2025 -
Coverys confirms MGA AEC’s sale to Edge
18 July 2025