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The executive was head of casualty for North America and London for Axis Reinsurance.
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An increase in the severity of securities class actions has seen D&O insurers present a united front against rising litigation, but divisions between carriers remain, writes John Hewitt Jones. -
Active underwriter says pricing, retro conditions and casualty crisis will play out in MAP 2791’s favour.
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Carriers are retracting quotes as they balk at taking on further risk amid the Covid-19 pandemic, according to market sources.
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Remedial actions start to bear fruit in primary property.
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The analyst predicted that rate hardening will continue, albeit with reduced premium levels.
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Jonah Pfeffer was previously president of reinsurance at OneBeacon.
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The book of occupational disease liability is highly volatile and payouts can be significant.
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Underwriting income for the industry climbed $4.9bn from the previous year, driven by growth in net premiums earned, according to AM Best.
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His arrival comes as rates surge across the excess casualty market, driven by social inflation in the US.
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The Japanese-owned carrier installs the fifth and final divisional head following a business overhaul.
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The liability cover is the second product to stem from the Lloyd’s innovation facility.
