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The executive has worked at the carrier for over nine years, initially within the accident and health team. -
The appointments come following the exit of underwriter Matthew Howard-Coombe to Starr.
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The broker said clients could achieve broader terms and higher limits in D&O, although there was frustration over pricing fluctuation.
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The MGA writes management liability, professional indemnity, crime and cyber risk.
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The rapid cooling of the US SPAC and de-SPAC market could also prove fertile ground for the plaintiff bar.
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The underwriter joined CNA Hardy last year amid a flurry of people movement in the D&O market.
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Are we set for the shortest softening D&O market ever?
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Accredited Insurance will be the fronting partner for Nexus Frontier.
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The loss is expected to be absorbed by the domestic Canadian and London markets, with Lloyd’s taking a relatively heavy share of the placement.
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Victor De Jager will be based in Amsterdam and report to Garret Gaughan, head of D&F, and Anne Pullum, head of Europe and CRB, Europe.
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The policy, which Beazley claims to be the first of its kind in London and the US, will offer $10mn of capacity.
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Sources in the market estimated the average risk-adjusted rate increase at the 1 June renewal at around 5%, with a similar trajectory expected for 1 July accounts.
