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The MGA will write natural resources professional liability business. -
Renewable energy premium written in London and international markets amounts to $2bn.
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Sources said the downstream energy market is unlikely to turn a profit in 2025.
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Plus the latest people moves and all the top news of the week.
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Clients are increasingly using captives because of uncertainty around long-term capacity commitments.
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The carrier has entered several new classes recently, including specie and reinsurance.
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The claim hits the downstream market following a loss-hit start to the year.
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It is the second deliverable of the FIT Transition Plan Project.
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The aerospace, energy and marine markets all sustained multiple significant losses in H1.
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Although US pricing is improving there is pressure in other geographies.
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The underwriter joined MS Amlin in 2020 after more than 24 years with Markel.
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