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The facility automatically follows the lead market which offers the lowest quote.
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James River will also oppose a Fleming motion to uncover additional documents.
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Securities class actions are a perennial source of claims for D&O insurers.
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Q2 was the ninth consecutive quarter of year-over-year price decreases.
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US-listed brokers and carriers have generally continued to produce strong growth even in a transitioning market.
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The property market remains “one of the most favourable... I've seen in my career", he said.
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The development follows news that Kentro Capital CEO Colin Thompson has resigned.
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The need for specialty lines is greater than ever before, said Patrick G. Ryan, founder, chairman and CEO of Ryan Specialty.
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It is understood that the executive will report to Scott Meyer, now COO for NA Insurance.
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Professional indemnity is the largest class of business for the syndicate.
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Tara Hill launched last month and is headed by Core Specialty’s Peter McKeegan.