Hamilton Insurance Group
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Incoming capacity to the marine market over the past year has led to an easing in rating momentum. -
The property specialist had been with the carrier for more than six years.
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In a newly created role, Young will lead growth plans for the Bermudian carrier’s M&A lines.
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Tony Ursano is leaving the business to launch an insurance and InsurTech advisory business.
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Both will be senior vice presidents, with Jay becoming professional liability head and Webb financial institutions underwriter.
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The newcomer will help drive the development of the start-up's professional lines offering.
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The recruitment comes after several exits from Hiscox’s liability team.
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The deal will transfer legacy Pembroke business that still sat with Liberty Mutual Group for the 2018 and prior years of account.
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The new recruit will take on the role of head of Europe for the growing M&A team.
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The former Pembroke Managing Agency marine director will be joined by Hamilton and Marsh executives as Mosaic expands its PV team.
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The CEO says her carrier will be targeting “thoughtful growth” in specialty insurance and reinsurance.
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The impending deal follows recent Lloyd’s legacy transactions with Neon and ArgoGlobal by RiverStone.
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