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Markel’s move follows recent market entrances by CinFin, Argenta and Fidelis. -
Plus, the latest people moves and all the top news of the week.
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CEO Alex Maloney said the LA fires might prompt some carriers to go more “risk-off”.
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Andrew Johnson, Edwina Charlton and Rupert Newman join from Paragon.
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Followers will automatically support primary or excess Inigo quotes.
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The ratings agency noted “significant” underwriting improvement in 2023-24.
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Sources warned of the erosion of underwriting margins after a string of strong years.
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The carrier reported an undiscounted combined ratio of 89.1%.
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The London D&F market will shoulder most of the losses.
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Underwriting conditions in the financial lines market have deteriorated after major hardening.
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The distribution firm has accused the MGA platform of illegally recruiting staff.
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This follows the firm’s exit from primary aviation.
