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The findings have implications for businesses and D&O. -
Head of FI Samantha Shean is leaving Axis to join Aviva.
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Insurance Insider reported last year that the facility was relaunching.
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The broker has been adding to its capabilities in the region.
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The pace of price decreases has eased since Q2 last year.
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The carrier has been growing its financial institutions team and recently appointed Mark Warrilow from Price Forbes.
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The broker grew by 35% in 2023 and is looking to reach gross written premiums of $1.4bn by 2026.
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This publication recently noted that ongoing rate declines and questions about past accident years are leading to calls for D&O price discipline.
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The professional risks portfolio is underpinned with Bridgehaven capacity.
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The Hartford, Canopius, Newline, QBE, CNA Hardy, Travelers, Hamilton and Volante are participating in the facility.
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The casualty-focused MGA was launched in March by Argenta deputy active underwriter and head of casualty Bradley Knight.
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Sources said that there was still rating adequacy in the market, but that further pricing falls would be unsustainable.
