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Ariel Berman joined the company as head of specialty in 2023. -
Plaintiffs allege that manufacturers and retailers have broken environmental laws.
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The new division will be led by Terry Fitzgerald, who has previously led the finpro portfolio.
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Plus, the latest people moves and all the top news of the week.
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Rates are bottoming out, but ample capacity is still preventing a hardening market.
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Assurex’s global independent broker network pumps $4bn of premium into the London market.
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Worsening trading conditions in the D&O market are leading to staff cutbacks.
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The broker has been on an aggressive hiring spree overseen by Lucy Clarke.
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Company alum David Murie will lead the new business unit.
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A number of staff will be leaving the D&O team as a result of the restructuring.
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The move will impact around $50mn of gross written premiums in total.
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Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
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