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Munich Re is among the insurers with a stake in the German carrier. -
The executive is charged with defrauding investors out of nearly $500mn.
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The two lines will add £11mn in planned premium.
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The broker will report to Howden US CEO Mike Parrish.
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The protection covers the US insurance book for the 2024 and prior accident years.
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Plus, the latest people moves and all the top news of the week.
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David Bell has held aviation roles at Marsh, AIG, Gallagher Re and Aon.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
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IGI’s premium income has almost doubled since it listed in 2020, but how can growth still be achieved in a soft market?
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