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Verdicts awarding more than $100mn hit a new high of 27 last year, study finds. -
Prices for programs that renewed in both Q1 2023 and Q1 2024 decreased 15%.
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The US regulator faces litigation from both sides of the climate issue.
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Transatlantic competition, rising valuations and price undercutting set a challenging scene.
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The announcement confirms earlier reports from this publication.
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Joe Morrello joined the firm in 2022 after serving as E&S property head at Beazley.
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Rates continue to trend downwards in the D&O class of business.
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The move comes as rates continue to decrease in the D&O class.
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A total of 30 carriers entered the US public company D&O space in 2023.
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The value of the bridge is estimated at $1.2bn.
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The team of brokers worked for the recently acquired Protean Risk.
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Joy had previously set up the casualty practice at Global Indemnity.
