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The hire follows the appointment of Keith Mather to head up financial lines for the international business. -
Linda Daly will join the company’s D&O division led by Michael Chu.
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The start-up said its survey shows that SPAC and de-SPAC claims would drive increasing litigation throughout 2022.
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Underwriters are navigating tricky territory as they look to hit growth targets while maintaining discipline on pricing.
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The appointment comes after Allison Wilkinson departed Chubb to join Convex.
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Prior to her promotion, Janine McGriskin held the role of senior underwriter, UK financial institutions, at the carrier.
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The broker has reported successive slowdowns since price increases climbed to a peak in Q1 2020.
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The MGA can now offer limits of up to £10mn on either primary or excess layers for UK PI business.
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Secretary of state Michael Gove claimed the market is “failing some leaseholders”.
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For the SPAC market, sources said that prices should continue to harden, while D&O rates are expected to stabilize amid a capacity flush.
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Michael Morgan will take over as head of professional liability in the latest management change at the finpro practice.
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The unwinding of the pandemic, inflation and specialty pricing are set to be some of the areas of focus for the market.
