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Former Vibe CUO Bradley Knight and casualty colleagues including five class underwriters move from the shuttered Syndicate 5678. -
The case exemplifies the complications historic opioid claims are causing in the market.
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The executive will work to develop a new stream of diversified business for the broker.
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Jeremy Shallow becomes head of international specialty, while Ross MacDonald takes on the post of head of non-US international casualty.
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The experienced legal and claims executive will underwrite and service a variety of accounts.
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LMA and Lloyd’s say the exercise will begin around March or April this year.
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An oil rig off the coast of Norway may seem an unlikely victim of social inflation. But the phenomenon that has created misery for USA Inc and shaped the outcome of the casualty reinsurance renewals is being felt far from the pharmaceuticals companies, the hospitals, the religious institutions – and insurers thereof – perceived to stand well ahead in the firing line.
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Greenspan was more optimistic about Arch, switching her opinion to ‘overweight’ from ‘equal weight’.
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Losses in the wider casualty market are affecting relatively loss-free pockets of the energy sector.
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Broker says alternative capital retracted by 7% as investors exercise caution.
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Broker’s 1.1 report notes uptick in rates for property cat and non-marine retro.
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The Insurance Insider looks back to some of the standout pieces of the last 12 months.
