-
The new division will be led by Terry Fitzgerald, who has previously led the finpro portfolio. -
Plus, the latest people moves and all the top news of the week.
-
Rates are bottoming out, but ample capacity is still preventing a hardening market.
-
Assurex’s global independent broker network pumps $4bn of premium into the London market.
-
Worsening trading conditions in the D&O market are leading to staff cutbacks.
-
The broker has been on an aggressive hiring spree overseen by Lucy Clarke.
-
Company alum David Murie will lead the new business unit.
-
A number of staff will be leaving the D&O team as a result of the restructuring.
-
The move will impact around $50mn of gross written premiums in total.
-
Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
-
Emerging lawsuits and expanding loss triggers are giving rise to potential claims under a range of policies.
-
The underwriter was head of financial institutions at LSM for six years.
