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The deal covers subject premium of around $2bn and will run for 18 months. -
His anticipated move to Guy Carpenter follows that of Francis Paszylk to TigerRisk.
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The appointments follow an expansion in the carrier’s European casualty offering earlier in the year.
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The Accredited program partner has plans to expand into new lines of business.
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The executive joined the company last year from Swiss Re and has also worked at AIG and Willis.
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Meanwhile, US GL underwriters fear the impact of Covid-19 litigation.
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Project is in its early stages, with a round of meetings held to stress test it with PE firms.
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The insider replaces Detlef Offenhau, who has recently retired from the role.
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A $49mn marine liability policy held by supply ship operator Rodi Marine is expected to be one of the first in the market to receive a Covid-19-related claim.
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Insurance lawyers are anticipating a massive surge in PTSD-related claims in the aftermath of the Covid-19 outbreak, amid a wider uptick in liability claims triggered by the pandemic.
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Insurers for BW Offshore’s Sendje Berge FPSO may have dodged a bullet following a pirate attack on the vessel, but the ordeal may only be beginning for the nine crew members kidnapped in the raid.
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It will have a maximum line of over $20mn and allow members to adjust lines on a risk-by-risk basis.
